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Personal Accident and Health Insurance in Poland, Key Trends and Opportunities to 2018

Personal Accident and Health Insurance in Poland, Key Trends and Opportunities to 2018

Synopsis

The Polish personal accident and health insurance segment recorded steady growth during the review period. The segment’s gross written premium posted a review period (2009–2013) compound annual growth rate (CAGR) of 8.9%. The segment was driven by the economic growth, an increase in demand for health insurance, and a rise in the country’s aging population. Such factors are also expected to support the segment over the forecast period (2013–2018); as gross written premium is expected to increase at a projected CAGR of 8.7%. Poland has a general health insurance system under which subsidized health services are provided to residents. It is principally state-financed through the National Health Fund (NFZ), of which health insurance contributions formed a key part. Taxes from the state budget and self-government budgets also contributed. Public sector spending accounts for a large proportion of the total funding in Poland. Healthcare financing is low, however, as the country’s healthcare expenditure amounted to 6.7 % of its GDP in 2012, and has not kept up with the country’s GDP growth. This has put a strain on health services, leading to an increase in public dissatisfaction. The Ministry of Health has made a number of reforms to improve the country’s health insurance system.

Summary

The report provides in-depth market analysis, information and insights into the Polish personal accident and health insurance segment, including:

  • The Polish personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Polish personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Poland
  • Detailed regulatory policies of the Polish insurance industry
  • Analysis of various consumer segments in Polish personal accident and health insurance
  • Key developments in the Polish personal accident and health insurance segment
  • New products launched by Polish personal accident and health insurers
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Poland:
  • It provides historical values for the Polish personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Polish personal accident and health insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for personal accident and health insurance products in Poland.
  • It profiles the top personal accident and health 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 Polish personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Polish personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify the 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
  • Although the impact of the global economic crisis on Poland’s economy was not severe, government finances were affected, and there has been relatively little healthcare funding since 2009.
  • In 2013, agencies constituted 61.5% of the total premiums generated in the segment due to their large client bases, high levels of brand trust, and established sales forces.
  • The health insurance category accounted for the largest share, in terms of gross written premium, of the Polish personal accident and health insurance segment. The category held a share of 43.8% in 2013 and posted a review-period CAGR of 15.9%; it is expected to grow at a faster rate to become the largest category in the segment.
  • Factors such as rising healthcare costs, government initiatives to increase road safety, and increasing travel and tourism in the country are expected to drive growth.
  • Child poverty is a key challenge in Poland, and is almost twice the rate in the UK.
  • The growth of the personal accident and health insurance segment is largely dependent on employment rates, as a decline in employment may lead to a decline in both group and individual insurance products.


  • Key Facts and Events
    • Table Polish Personal Accident and Health Insurance - Key Facts, 2013
  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Polish Insurance Industry Attractiveness
    • Insurance Industry Size, 2009-2018
      • Table Polish Insurance - Gross Written Premium by Segment (PLN Billion), 2009-2013
      • Table Polish Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013
      • Table Polish Insurance - Gross Written Premium by Segment (PLN Billion), 2013-2018
      • Table Polish Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018
      • Table Polish Insurance - Segmentation, Gross Written Premium (Percentage Share), 2009-2018
      • Table Polish Insurance - Direct Written Premium by Segment (PLN Billion), 2009-2013
      • Table Polish Insurance - Direct Written Premium by Segment (US$ Billion), 2009-2013
      • Table Polish Insurance - Direct Written Premium by Segment (PLN Billion), 2013-2018
      • Table Polish Insurance - Direct Written Premium by Segment (US$ Billion), 2013-2018
      • Table Polish Insurance - Segmentation, Direct Written Premium (Percentage Share), 2009-2018
  • Personal Accident and Health Insurance Segment Outlook
    • Consumer Segmentation
    • Key Trends
    • Key Drivers
    • Challenges
    • Personal Accident and Health Insurance Growth Prospects by Category
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium by Category (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium by Category (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Direct Written Premium by Category (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Direct Written Premium by Category (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Earned Premium (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Earned Premium (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Paid Claims by Category (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Paid Claims by Category (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Incurred Loss by Category (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Incurred Loss by Category (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Retention by Category (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Retention by Category (US$ Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Retention by Category (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Retention by Category (US$ Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Loss Ratio (%), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Loss Ratio (%), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Commission and Expenses (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Commission and Expenses (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Combined Ratio (%), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Combined Ratio (%), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Frauds and Crimes (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Frauds and Crimes (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Total Assets (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Total Assets (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Total Investment Income (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Total Investment Income (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Retentions (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Retentions (PLN Billion), 2013-2018
      • Personal accident insurance
        • Table Polish Personal Accident Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Polish Personal Accident Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Polish Personal Accident Insurance - Gross Written Premium (PLN Billion), 2009-2013
        • Table Polish Personal Accident Insurance - Gross Written Premium (PLN Billion), 2013-2018
        • Table Polish Personal Accident Insurance - Loss Ratio (%), 2009-2013
        • Table Polish Personal Accident Insurance - Loss Ratio (%), 2013-2018
      • Travel insurance
        • Table Polish Travel Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Polish Travel Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Polish Travel Insurance - Gross Written Premium (PLN Billion), 2009-2013
        • Table Polish Travel Insurance - Gross Written Premium (PLN Billion), 2013-2018
        • Table Polish Travel Insurance - Loss Ratio (%), 2009-2013
        • Table Polish Travel Insurance - Loss Ratio (%), 2013-2018
      • Health insurance
        • Table Polish Health Insurance - Gross Written Premium by Sub-Category (PLN Billion), 2009-2013
        • Table Polish Health Insurance - Gross Written Premium by Sub-Category (US$ Billion), 2009-2013
        • Table Polish Health Insurance - Gross Written Premium by Sub-Category (PLN Billion), 2013-2018
        • Table Polish Health Insurance - Gross Written Premium by Sub-Category (US$ Billion), 2013-2018
      • Non-life health insurance
        • Table Polish Non-Life Health Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Polish Non-Life Health Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Polish Non-Life Health Insurance - Gross Written Premium (PLN Billion), 2009-2013
        • Table Polish Non-Life Health Insurance - Gross Written Premium (PLN Billion), 2013-2018
        • Table Polish Non-Life Health Insurance - Direct Written Premium (PLN Billion), 2009-2013
        • Table Polish Non-Life Health Insurance - Direct Written Premium (PLN Billion), 2013-2018
        • Table Polish Non-Life Health Insurance - Loss Ratio (%), 2009-2013
        • Table Polish Non-Life Health Insurance - Loss Ratio (%), 2013-2018
        • Table Polish Non-Life Health Insurance - Retention (PLN Billion), 2009-2013
        • Table Polish Non-Life Health Insurance - Retention (PLN Billion), 2013-2018
      • Life health insurance
        • Table Polish Life Health Insurance - Number of Policies Sold (Thousand), 2009-2013
        • Table Polish Life Health Insurance - Number of Policies Sold (Thousand), 2013-2018
        • Table Polish Life Health Insurance - Gross Written Premium (PLN Billion), 2009-2013
        • Table Polish Life Health Insurance - Gross Written Premium (PLN Billion), 2013-2018
        • Table Polish Life Health Insurance - Direct Written Premium (PLN Billion), 2009-2013
        • Table Polish Life Health Insurance - Direct Written Premium (PLN Billion), 2013-2018
        • Table Polish Life Health Insurance - Loss Ratio (%), 2009-2013
        • Table Polish Life Health Insurance - Loss Ratio (%), 2013-2018
        • Table Polish Life Health Insurance - Retention (PLN Billion), 2009-2013
        • Table Polish Life Health Insurance - Retention (PLN Billion), 2013-2018
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table Polish Personal Accident and Health Insurance - Direct Marketing Commission Paid (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Direct Marketing Commission Paid (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Direct Marketing (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Direct Marketing (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2009-2013
      • Table Polish Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2013-2018
    • Bancassurance
      • Table Polish Personal Accident and Health Insurance - Bancassurance Commission Paid (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Bancassurance Commission Paid (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Bancassurance (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Bancassurance (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2009-2013
      • Table Polish Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2013-2018
    • Agencies
      • Table Polish Personal Accident and Health Insurance - Commission Paid to Agencies (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Commission Paid to Agencies (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Agencies (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Agencies (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Number of Agencies, 2009-2013
      • Table Polish Personal Accident and Health Insurance - Number of Agencies, 2013-2018
    • E-Commerce
      • Table Polish Personal Accident and Health Insurance - E-Commerce Commission Paid (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - E-Commerce Commission Paid (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through E-Commerce (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through E-Commerce (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2009-2013
      • Table Polish Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2013-2018
    • Brokers
      • Table Polish Personal Accident and Health Insurance - Commission Paid to Brokers (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Commission Paid to Brokers (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Brokers (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Brokers (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Number of Brokers, 2009-2013
      • Table Polish Personal Accident and Health Insurance - Number of Brokers, 2013-2018
    • Other Channels
      • Table Polish Personal Accident and Health Insurance - Commission Paid to Other Channels (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Commission Paid to Other Channels (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Other Channels (PLN Billion), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Gross Written Premium Through Other Channels (PLN Billion), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2013-2018
      • Table Polish Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2009-2013
      • Table Polish Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2013-2018
  • Governance, Risk and Compliance
    • Legislation Overview and Historical Evolution
    • 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
      • 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
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • European Insurance and Occupational Pensions Authority (EIOPA)
      • Polish Financial Supervision Authority (PFSA)
      • Polish Chamber of Insurance (PIU)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • 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 2014
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in Polish Personal Accident and Health Insurance Segment
      • Table Poland Leading Personal Accident and Health Insurance Companies, 2013
    • Leading Personal Accident and Health Insurers - New Product Launches
    • Leading Personal accident and health Insurers - Key Developments
    • PZU SA - Company Overview
      • PZU SA - Key facts
        • Table PZU S.A., Key Facts
    • ING Tunż SA - Company Overview
      • ING Tunż SA - key facts
        • Table ING Tunż SA, Key Facts
    • Tunż Warta SA - Company Overview
      • Tunż Warta SA - key facts
        • Table Tunż Warta SA, Key Facts
    • Tuir Allianz Polska SA - Company Overview
      • Tuir Allianz Polska SA - Key facts
        • Table Tuir Allianz Polska SA, Key Facts
    • Generali TU SA - Company Overview
      • Generali TU SA - Key facts
        • Table Generali TU SA, Key Facts
    • Gothaer Tu SA - Company Overview
      • Gothaer Tu SA - Key facts
        • Table Gothaer Tu SA, Key Facts
    • Compensa TU SA Vienna Insurance Group - Company Overview
      • Compensa Tu SA Vienna Insurance Group - key facts
        • Table Compensa Tu SA Vienna Insurance Group, Key Facts
    • Nordea Polska Tu na Życie SA - Company Overview
      • Nordea Polska Tu na Życie SA - key facts
        • Table Nordea Polska Tu na Życie SA, Key Facts
    • Axa Życie Tu SA - Company Overview
      • Axa Życie Tu SA - key facts
        • Table Axa Życie Tu SA, Key Facts
    • Tu Europa SA - Company Overview
      • Tu Europa SA - key facts
        • Table Tu Europa SA, Key Facts
  • Appendix - 1
    • Market Capitalization Trend - Warsaw Stock Exchange, Poland
    • GDP at Constant Prices (US$)
    • GDP per Capita at Constant Prices (US$)
    • GDP at Current Prices (US$)
    • GDP per Capita at Current Prices (US$)
    • GDP by Key Sector
    • Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$)
    • Agriculture Net Output at Current Prices as a Percentage of GDP
    • Manufacturing Net Output at Current Prices (US$)
    • Manufacturing Net Output at Current Prices as a Percentage of GDP
    • Mining, Manufacturing and Utilities at Current Prices (US$)
    • Mining, Manufacturing and Utilities at Current Prices, as a Percentage of GDP
    • Construction Net Output at Current Prices, (US$)
    • Construction Net Output at Current Prices as a Percentage of GDP
    • Inflation Rate
    • Exports as a Percentage of GDP
    • Imports as a Percentage of GDP
    • Merchandise Exports Growth
    • Merchandise Imports Growth
    • Annual Average Exchange Rate PLN-US$
    • Commercial Vehicle Imports - Total Value
    • Commercial Vehicle Exports - Total Value
    • Automotive Exports - Total Value
    • Automotive Imports - Total Value
    • Total Internet Subscribers
    • Labor Force
    • Unemployment Rate
    • Total Population
    • Urban and Rural Populations
    • Age Distribution of the Total Population
    • Life Expectancy
  • Appendix - 2
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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