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Poland Insurance Report Q1 2016

Poland Insurance Report Q1 2016

BMI View: Poland's insurance market is relatively well developed, with healthy levels of penetration anddensity, though it continues to lag behind more established European markets. Following a short-termcontraction in premiums (in US dollar terms) due to currency movements, we expect to see sustainedgrowth in both the life and non-life insurance sectors, based primarily on wider economic growth prospects.

The market is dominated by PZU; however, opportunities for foreign entrants and expansion remain and wewould expect to see further consolidation amongst the smaller firms moving forward, particularly as theregulatory environment is enhanced and solvency requirements tightened.

Key Updates And Forecasts

The non-life sector (which is slightly larger than the life sector, accounting for around 57.4% ofpremiums written) is expected to record healthy growth over the forecast period, with non-life premiumsexpected to increase from USD8.6bn in 2015 to USD13.1bn in 2019.

Growth will be slightly slower in the life sector where premiums are forecast to increase from USD6.4bnin 2015 to USD8.6bn in 2019, leading to life losing some market share to the non-life sector.

Poland's Financial Supervision Authority (KNF) has requested that insurance companies increase motorinsurance policy fees in an attempt to regulate pricing competition in the market.


BMI Industry View
Table: Headline Insurance Forecasts (Poland 2012-2019)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Poland 2012-2019)
Table: Life Insurance Claims (Poland 2007-2014)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Poland 2012-2019)
Table: Non-Life Insurance Claims (Poland 2008-2014)
Non-Life Sub-Sector Forecast
Table: Non Life Insurance Premiums by Product Line (Poland 2012-2019)
Insurance Risk/Reward Index
Emerging Europe Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market (USDmn) 2009-2014
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non-Life Insurance Market (USDmn) 2007-2014
Company Profile
Allianz
Powszechny Zaklad Ubezpieczen (PZU)
Talanx AG
Vienna Insurance Group (VIG)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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