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Life Insurance in Poland, Key Trends and Opportunities to 2020

Life Insurance in Poland, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in Poland Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Polish life insurance segment, and a comparison of the Polish insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Polish economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in Poland, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Polish life insurance segment, including:

  • An overview of the Polish life insurance segment
  • The Polish life insurance segment’s growth prospects by category
  • A comprehensive overview of the Polish economy and demographics
  • A comparison of the Polish life insurance segment with its regional counterparts
  • The various distribution channels in the Polish life insurance segment
  • Details of the competitive landscape in the life insurance segment in Poland
  • Details of regulatory policy applicable to the Polish insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Poland:
  • It provides historical values for the Polish life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Polish life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Polish life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Poland.
  • It profiles the top life insurance companies in Poland and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Polish life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Polish life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Polish insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • On March 17, 2016, the European Commission (EC) stated that there was uncertainty regarding the renewal of the Insurance Block Exemption Regulation (Regulation 267/2010) (IBER), which is due to expire on March 31, 2017.
  • Solvency II came into force in Poland on January 1, 2016. It is based on three pillars: risk-based quantitative requirements, governance and supervision, and disclosure and transparency.
  • The Polish Financial Supervisory Authority (PFSA) issued Recommendation U for bancassurance, effective from April 1, 2015.


  • Key Facts and Highlights
    • Table Polish Life Insurance - Key Facts, 2015
    • Table Polish Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Polish Government Credit Ratings, 2017
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Polish Life Insurance - Gross Written Premium (PLN Billion and US$ Billion), 2011-2015
        • Table Polish Life Insurance - Penetration (%), 2011-2015
        • Table Polish Life Insurance - Gross Written Premium (PLN Billion and US$ Billion), 2015-2020
        • Table Polish Life Insurance - Penetration (%), 2015-2020
        • Table Polish Life Insurance - Premium per Capita (PLN and US$), 2011-2015
        • Table Polish Life Insurance - Premium per Capita (PLN and US$), 2015-2020
      • Policies sold
        • Table Polish Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Polish Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Polish Life Insurance - Paid Claims (PLN Billion and US$ Billion), 2011-2015
        • Table Polish Life Insurance - Paid Claims (PLN Billion and US$ Billion), 2015-2020
      • Assets and investments
        • Table Polish Life Insurance - Total Assets (PLN Billion and US$ Billion), 2011-2015
        • Table Polish Life Insurance - Total Assets (PLN Billion and US$ Billion), 2015-2020
        • Table Polish Life Insurance - Total Investment Income (PLN Billion and US$ Billion), 2011-2015
        • Table PLN Life Insurance - Total Investment Income (PLN Billion and US$ Billion), 2015-2020
        • Table Polish Life Insurance - Investment Portfolio (PLN Billion), 2011-2015
        • Table PLN Life Insurance - Investment Portfolio (PLN Billion), 2015-2020
  • Outlook by Sub-Segment
    • Table Polish Life Insurance - Direct Written Premium by Sub-Segment (PLN Billion),2011-2015
    • Table Polish Life Insurance - Direct Written Premium by Sub-Segment (PLN Billion), 2015-2020
    • Individual Life Insurance
      • Premium
        • Table Polish Individual Life Insurance - Direct Written Premium by Category (PLN Billion), 2011-2015
        • Table PLN Individual Life Insurance - Direct Written Premium by Category (PLN Billion), 2015-2020
      • Policies sold
        • Table Polish Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2011-2015
        • Table Polish Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2015-2020
      • Penetration
    • Group Life Insurance
      • Premium
        • Table Polish Group Life Insurance - Direct Written Premium by Category (PLN Billion), 2011-2015
        • Table Polish Group Life Insurance - Direct Written Premium by Category (PLN Billion), 2015-2020
      • Policies sold
        • Table Polish Group Life Insurance - Number of Policies Sold by Category (Thousand), 2011-2015
        • Table Polish Group Life Insurance - Number of Policies Sold by Category (Thousand), 2015-2020
      • Penetration
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
  • Competitive Landscape
    • Table Polish Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • PZU ¯ycie SA - company overview
        • Table PZU ¯ycie SA - Key Facts
        • Table PZU ¯ycie SA - Key Financials (PLN Million), 2011-2015
      • Aviva TUn¯ SA - company overview
        • Table Aviva TUn¯ SA - Key Facts
        • Table Aviva TUn¯ SA - Key Financials (PLN Million), 2011-2015
      • MetLife TUn¯iR SA - company overview
        • Table MetLife TUn¯iR SA - Key Facts
      • Open Life Tu ¯ycie SA - company overview
        • Table Open Life Tu ¯ycie SA - Key Facts
        • Table Open Life Tu ¯ycie SA - Key Financials (PLN Million), 2011-2015
      • Tun¿ Warta SA - company overview
        • Table Tun¿ Warta SA - Key Facts
        • Table Tun¿ Warta SA - Key Financials (PLN Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Poland - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Poland - Life Insurance Regulatory Framework
      • Property insurance
        • Table Poland - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Poland - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Poland - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Social insurance system
      • Air carriers and aircraft operators insurance
        • Table Poland - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Marine liability insurance
      • Professional indemnity insurance for alternative investment fund managers
      • Clinical trial liability
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Federation of European Risk Management Associations
      • Polish Financial Supervision Authority
      • Polish Chamber of Insurance
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Poland - Corporate Tax Rate for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Polish Life Insurance - Policies and Premium, 2011-2015
      • Table Polish Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Polish Life Insurance - Claims and Expenses, 2011-2015
      • Table Polish Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Polish Life Insurance - Assets and Investments, 2011-2015
      • Table Polish Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing
      • Table Polish Life Insurance - Direct Marketing, 2011-2015
      • Table Polish Life Insurance - Direct Marketing, 2015-2020
    • Insurance Brokers and Agencies
      • Table Polish Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Polish Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Polish Life Insurance - Bancassurance and Other Distribution channels, 2011-2015
      • Table Polish Life Insurance - Bancassurance and Other Distribution channels, 2015-2020
    • Individual Life Insurance
      • Table Polish Life Insurance - Individual Life Insurance, 2011-2015
      • Table Polish Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table Polish Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table Polish Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Group Life Insurance
      • Table Polish Life Insurance - Group Life Insurance, 2011-2015
      • Table Polish Life Insurance - Group Life Insurance, 2015-2020
    • Group Life Insurance by Product
      • Table Polish Life Insurance - Group Life Insurance by Product, 2011-2015
      • Table Polish Life Insurance - Group Life Insurance by Product, 2015-2020
    • Individual Life - Single vs Non-Single Premium
      • Table Polish Life Insurance - Individual Life Insurance by Premium, 2011-2015
      • Table Polish Life Insurance - Individual Life Insurance by Premium, 2015-2020
    • Group Life - Single vs Non-Single Premium
      • Table Polish Life Insurance - Group Life Insurance by Premium, 2011-2015
      • Table Polish Life Insurance - Group Life Insurance by Premium, 2015-2020
    • Linked vs Non-Linked Policies
      • Table Polish Life Insurance - Linked vs Non-Linked Policies, 2011-2015
      • Table Polish Life Insurance - Linked vs Non-Linked Policies, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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