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Reinsurance in Poland, Key Trends and Opportunities to 2018

Reinsurance in Poland, Key Trends and Opportunities to 2018

Synopsis

The Polish reinsurance segment recorded stable growth and posted a compound annual growth rate (CAGR) of 7% during the review period (2009–2013). This growth was driven by the non-life insurance segment, which increased the share of written premium ceded to reinsurers. Poland was adversely affected by natural disasters such as flooding in 2010, which resulted in large insurance claims and encouraged insurance companies operating in the non-life segment to utilize reinsurance services to minimize future losses. The percentage of non-life insurance premium ceded to reinsurers is expected to increase over the forecast period (2013–2018), from 14.6% in 2012 to 16.8% in 2017. This, coupled with projected economic growth and the high frequency of natural disasters, is expected to drive the reinsurance segment to post a forecast-period (2013–2018) CAGR of 4.6%.

Summary

The report provides in-depth market analysis, information and insights into the Polish reinsurance segment, including:

  • The Polish reinsurance segment's growth prospects by reinsurance category
  • Key trends and drivers for the reinsurance segment
  • Polish reinsurance segment’s growth prospects by reinsurance ceded from direct insurance
  • The competitive landscape in the Polish reinsurance segment
Scope

This report provides a comprehensive analysis of the reinsurance segment in Poland:
  • It provides historical values for the Polish reinsurance 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 Poland’s reinsurance segment, along with market forecasts until 2018.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Polishd its growth prospects.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Polish reinsurance segment and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Polish reinsurance 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
  • Reinsurance in Poland grew during the review period: its written premium increased in 2013, at a review-period CAGR of 7% .
  • The presence of large multinational reinsurers in Poland, such as Swiss Re, Munich Re and Allianz, making the segment highly competitive.
  • The Polish Financial Supervision Authority (PFSA) allows non-EU reinsurers to operate in the insurance industry, provided they comply with the required provisions.
  • Poland is prone to natural disasters such as floods and earthquakes, and a number of natural disasters occurred in the country during the review period, prompting insurers, especially those operating in property insurance, to share a larger portion of revenue with reinsurers.
  • The facultative reinsurance category accounted for 98.9% of the total reinsurance written premium value in 2013, which is expected to be the dominant category over the forecast period.
  • Polish Re is the only domestic operator in the country that focuses solely on reinsurance. The company operates in over 40 countries across the world, with over 200 clients.


  • Key Facts and Events
    • Table Polish Reinsurance - 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
  • Reinsurance Growth Dynamics and Challenges
    • Reinsurance Segment Size, 2009-2018
      • Table Polish Reinsurance - Premium Accepted by Category (PLN Million), 2009-2013
      • Table Polish Reinsurance - Premium Accepted by Category (US$ Million), 2009-2013
      • Table Polish Reinsurance - Premium Accepted by Category (PLN Million), 2013-2018
      • Table Polish Reinsurance - Premium Accepted by Category (US$ Million), 2013-2018
    • Reinsurance Segment Size by Premium Ceded, 2009-2018
      • Table Polish Reinsurance - Premium Ceded by Type of Insurance (PLN Million), 2009-2013
      • Table Polish Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2009-2013
      • Table Polish Reinsurance - Premium Ceded by Type of Insurance (PLN Million), 2013-2018
      • Table Polish Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2013-2018
      • Table Polish Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
      • Table Polish Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
      • Table Polish Non-Life Insurance - Percentage of Reinsurance Ceded, 2009-2013
      • Table Polish Non-Life Insurance - Percentage of Reinsurance Ceded, 2013-2018
      • Table Polish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
      • Table Polish Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
  • Key Industry Trends and Drivers
    • Fundamental Business Drivers
    • Life Insurance Segment Drivers
    • Non-Life Insurance Segment Drivers
    • Personal Accident and Health Insurance Segment Drivers
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the Polish Reinsurance Segment
      • Table Polish Reinsurance - Leading Companies, 2012
    • Polish Reinsurance Company - Company Overview
      • Polish Reinsurance Company - key facts
        • Table Polish Reinsurance Company, Key Facts
    • RGA International Reinsurance Company Ltd - Company Overview
      • RGA International Reinsurance Company Ltd - key facts
        • Table RGA International Reinsurance Company Ltd, Key Facts
    • Swiss Re - Company Overview
      • Swiss Re - key facts
        • Table Swiss Re, 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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