Life Insurance Market in Poland: Size, Trends, Industry, Analysis, Opportunities and Forecast to 2018

In terms of GDP at current prices in 2013, Poland ranked eighth in the EU. The country’s GDP growth declined from 5.1% in 2008 to 1.8% in 2009 due to the global financial crisis. While many countries in Europe region were badly affected by the crisis which led to declines in their economies in 2009, Poland’s economy grew by 1.8%. The Polish insurance industry was the largest in the Central and Eastern European and Baltic region. However, both the life and non-life insurance segments were dominated by foreign companies. Life insurance was the largest segment in Poland in 2013, accounting for 53.3% of the industry’s total value, while the non-life segment accounted for 41.1%. Life insurance accounted for 66.5% of the total paid claims in 2013, while the non-life segment accounted for 30.6%. Despite a decline in gross written premium in 2009, due to the global financial crisis and a reduction in the demand for insurance and investment products, the industry recovered following 2010. The industry’s gross written premium increased, at a review-period (2009-2013) compound annual growth rate (CAGR) of 3.0%. This growth was supported by the personal accident and health insurance segment, which registered the fastest CAGR of 8.9%.Executive Summary :
The report provides in-depth market analysis, information and insights into the Polish life insurance segment, including:
• The Polish life insurance segment’s growth prospects by life insurance category
• Key trends and drivers for the life insurance segment
• The various distribution channels in the Polish life insurance segment
• The detailed competitive landscape in the life insurance segment in Poland
• Detailed regulatory policies of the Polish insurance industry
• Analysis of various consumer segments in Polish life insurance
• Key developments in the Polish life insurance segment
• New products launched by Polish life insurers
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