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Non-Life Insurance in Poland, Key Trends and Opportunities to 2020

Non-Life Insurance in Poland, Key Trends and Opportunities to 2020

Synopsis

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

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural hazard and their impact on the Polish insurance industry, 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 'Non-Life Insurance in Poland, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Polish non-life insurance segment, including:

  • The Polish non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Polish economy and demographics
  • A comparison of the Polish non-life insurance segment with its regional counterparts
  • The various distribution channels in the Polish non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Polish insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Poland
  • Details of regulatory policy applicable to the Polish insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Poland:
  • It provides historical values for the Polish non-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 non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Polish non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Poland.
  • It analyzes various natural hazards and their impact on the Polish insurance industry
  • It profiles the top non-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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Polish non-life insurance segment.
  • Assess the competitive dynamics in the non-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), 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.
  • In December 2016, Xceedance, a global provider of property and casualty insurance technology, analytics and consulting services, announced the launch of an operations centre in Krakow, Poland. The centre will provide services and support to Xceedance clients for underwriting, policy and claims management, credit control, and finance and accounting.


  • Key Facts and Highlights
    • Table Polish Non-Life Insurance - Key Facts, 2015
    • Table Polish Non-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 Non-Life Insurance - Gross Written Premium (PLN Billion and US$ Billion), 2011-2015
        • Table Polish Non-Life Insurance - Penetration (%), 2011-2015
        • Table Polish Non-Life Insurance - Gross Written Premium (PLN Billion and US$ Billion), 2015-2020
        • Table Polish Non-Life Insurance - Penetration (%), 2015-2020
        • Table Polish Non-Life Insurance - Premium per Capita (PLN and US$), 2011-2015
        • Table Polish Non-Life Insurance - Premium per Capita (PLN and US$), 2015-2020
      • Policies sold
        • Table Polish Non-Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Polish Non-Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Polish Non-Life Insurance - Paid Claims (PLN Billion and US$ Billion), 2011-2015
        • Table Polish Non-Life Insurance - Paid Claims (PLN Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Polish Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Polish Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Polish Non-Life Insurance - Total Assets (PLN Billion and US$ Billion), 2011-2015
        • Table Polish Non-Life Insurance - Total Assets (PLN Billion and US$ Billion), 2015-2020
        • Table Polish Non-Life Insurance - Total Investment Income (PLN Million and US$ Million), 2011-2015
        • Table Polish Non-Life Insurance - Total Investment Income (PLN Million and US$ Million), 2015-2020
        • Table Polish Non-Life Insurance - Investment Portfolio (PLN Billion), 2011-2015
        • Table Polish Non-Life Insurance - Investment Portfolio (PLN Billion), 2015-2020
  • Outlook by Category
    • Table Polish Non-Life Insurance - Direct Written Premium by Category (PLN Billion), 2011-2015
    • Table Polish Non-Life Insurance - Direct Written Premium by Category (PLN Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Polish Property Insurance - Direct Written Premium by Sub-Category (PLN Billion), 2011-2015
        • Table Polish Property Insurance - Direct Written Premium by Sub-Category (PLN Billion), 2015-2020
      • Policies sold
        • Table Polish Property Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Polish Property Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Polish Property Insurance - Paid Claims (PLN Billion and US$ Billion), 2011-2015
        • Table Polish Property Insurance - Paid Claims (PLN Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Polish Property Insurance - Loss Ratio (%), 2011-2015
        • Table Polish Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
        • Table Polish Motor Insurance - Number of Registered Vehicles by Type, 2014-2015
      • Premium
        • Table Polish Motor Insurance - Direct Written Premium by Sub-Category (PLN Billion), 2011-2015
        • Table Polish Motor Insurance - Direct Written Premium by Sub-Category (PLN Billion), 2015-2020
      • Policies sold
        • Table Polish Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Polish Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Polish Motor Insurance - Paid Claims (PLN Billion and US$ Billion), 2011-2015
        • Table Polish Motor Insurance - Paid Claims (PLN Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Polish Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Polish Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Polish Liability Insurance - Direct Written Premium (PLN Billion), 2011-2015
        • Table Polish Liability Insurance - Direct Written Premium (PLN Billion), 2015-2020
      • Policies sold
        • Table Polish Liability Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Polish Liability Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Polish Liability Insurance - Paid Claims (PLN Million and US$ Million), 2011-2015
        • Table Polish Liability Insurance - Paid Claims (PLN Million and US$ Million), 2015-2020
      • Profitability
        • Table Polish Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Polish Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Polish Transport Network - Global Rankings
        • Table Polish Marine, Aviation and Transit Insurance - Freight Carried (Million Ton), 2014-2015
        • Table Polish air transport, passengers carried, 2011-2015
      • Premium
        • Table Polish Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (PLN Million), 2011-2015
        • Table Polish Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (PLN Million), 2015-2020
      • Policies sold
        • Table Polish Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Polish Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Polish Marine, Aviation and Transit Insurance - Paid Claims (PLN Million and US$ Million), 2011-2015\
        • Table Polish Marine, Aviation and Transit Insurance - Paid Claims (PLN Million and US$ Million), 2015-2020
      • Profitability
        • Table Polish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Polish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Polish Non-Life Insurance - Direct Written Premium by Distribution Channel (PLN Billion), 2011-2015
      • Table Polish Non-Life Insurance - Direct Written Premium by Distribution Channel (PLN Billion), 2015-2020
      • Table Polish Non-Life Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020
      • Brokers
      • Agencies
      • Direct marketing
      • Bancassurance
      • E-commerce
  • Natural Hazards
    • Table Polish Average Annual Loss by Hazard, 1990-2014
    • Flooding
    • Storms
    • Drought
    • Exposure
  • Competitive Landscape
    • Table Polish Non-Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • PZU SA - company overview
        • Table PZU SA - Key Facts
        • Table PZU SA - Key Financials (PLN Million), 2011-2015
      • STU Ergo Hestia SA - company overview
        • Table STU Ergo Hestia SA - Key Facts
        • Table STU Ergo Hestia SA - Key Financials (PLN Million), 2011-2015
      • TUiR Warta SA - company overview
        • Table TUiR Warta SA - Key Facts
        • Table TUiR Warta SA - Key Financials (PLN Million), 2011-2015
      • TUiR Allianz Polska SA - company overview
        • Table TUiR Allianz Polska SA - Key Facts
        • Table TUiR Allianz Polska SA - Key Financials (PLN Million), 2011-2015
      • Compensa TU SA Vienna Insurance Group - company overview
        • Table Compensa TU SA Vienna Insurance Group - Key Facts
        • Table Compensa TU SA Vienna Insurance Group - 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 Non-life Insurance Industry - Policies and Premium, 2011-2015
      • Table Polish Non-Life Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Polish Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Polish Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Polish Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Polish Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Polish Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Polish Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Polish Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Polish Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Polish Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Polish Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Property Insurance
      • Table Polish Non-Life Insurance - Property Insurance, 2011-2015
      • Table Polish Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Polish Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Polish Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Polish Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Polish Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Polish Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Polish Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Polish Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Polish Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Polish Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Polish Non-Life Insurance - Marine, Aviation and Transit Insurance, 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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