Reinsurance in Poland, Key Trends and Opportunities to 2018
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%.
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
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.
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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
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.