The non-life insurance segment continued to expand during the review period, even during adverse global economic conditions in 2009. The Polish non-life segments gross written premium increased at a review-period CAGR of 5.7%. Growth in the segment was partly due to improved demand for property insurance, mandatory motor third-part liability cover, and the occurrence of natural disasters such as severe flooding and forest fires, which prompted consumers to buy policies and insurers to increase premium rates. These factors, coupled with projected economic growth, are expected to support the segment over the forecast period. The gross written premium of the non-life segment is expected to increase at a forecast-period CAGR of 6.0%. The segment is also expected to benefit from increasing levels of risk awareness and preparation for risk avoidance among Polish consumers.
The Non-Life Insurance in Poland, Key Trends and Opportunities to 2018 report provides in-depth market analysis, information and insights into the Polish non-life insurance segment, including:
The Polish non-life insurance segments growth prospects by non-life insurance category
Key trends and drivers for the non-life insurance segment
The various distribution channels in the Polish non-life insurance segment
The detailed competitive landscape in the non-life insurance segment in Poland
Detailed regulatory policies of the Polish insurance industry
Analysis of various consumer segments in Polish non-life insurance
Key developments in the Polish non-life insurance segment
New products launched by Polish non-life insurers
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 reports 20092013 review period, and projected figures for the 20132018 forecast period.
It offers a detailed analysis of the key categories in Polands non-life 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 non-life insurance products in Poland.
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 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.
Motor insurance occupied the largest share of the life segment with 58.6% of total gross written premium.
According to the Polish Statistical Office, industrial output increased by 2.2% in August 2013, compared to the same period in 2012.
The Polish non-life segment recorded a high combined ratio during the review period, which stood at 104.7% in 2009 and increased to 111.8% in 2010.
The Polish non-life insurance segment is highly concentrated, with the 10 leading insurers accounting for 83.2% of the segments gross written premium in 2013.
As of 2013, agencies were the leading distribution channel for non-life products in Poland, accounting for 61.5% of the gross written premiums, and are expected to reach 63.7% by 2018.
Poland is prone to natural disasters such as floods, storms and heavy rain, all of which damage both life and property. The country was affected by three major floods during the review period: the 2009 European floods, the 2010 Central European floods and the 2013 European floods.
Poland is the largest economy of the Central and Eastern European (CEE) countries, and was the only EU economy to avoid contraction when other European economies suffered from the global financial crisis in 2009.
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