# Research reports

Research report: Insurance market in Poland, 2014

## Research Report: Insurance market in Poland, 2015-2017

Insurers operating in Poland are expected to take advantage from the ongoing economic recovery. The premium in non-life insurance segment is likely to rebound in 2015 as insurers will both increase sales of property insurance and slowly raise tariffs in car insurance. Also the improving situation of enterprises is expected to drive demand for specialized insurance products in the corporate sector including credit and liability insurance. At the same time, a better economic situation and improved sentiment in households sector, resulting from lower unemployment and increasing real wages, will boost the demand for unit-linked and plain risk life insurance.
For more information on recent developments in the Polish insurance sector, please refer to the full publication.

## Table of contents

Slide 1: Executive summary
1. Macroeconomic overview
Slide 2: Poland - General overview
Slide 3: Key macroeconomic indicators, 2008-2014
Slide 4: Foreign trade statistics, C/A, FDI, 2008-2014
Slide 5: Unemployment and wages, 2008-2014
Slide 6: Disposable income in households and income distribution, 2008-2014; Income distribution 2013
Slide 7: Consumer confidence index evolution, 2009-Mar. 2015
Slide 8: Warsaw Stock Exchange - Turnover, Market cap. and indexes, 2008-2014
Slide 9: Top 12 foreign investors in banking sector and their subsidiaries, 2014
Slide 10: Banking assets evolution, 2008-2014
2. Insurance market
Slide 11: Insurance Markets in CEE - Size vs. growth matrix, 2012-2014
Slide 12: Insurance premiums per capita & premiums/GDP penetration – CEE comparison, 2014
Slide 13: Insurance gross premiums - Local insurers (life/non-life, in EUR), 2010-2014
Slide 14: Insurance gross premiums - Local insurers (life/non-life, in PLN), 2010-2014
Slide 15: Number of locally registered insurance companies, foreign insurers, 2003-2014
Slide 16: Top 12 insurance groups in Poland by total premium written, 2014
Slide 17: Insurance market concentration and Herfindahl-Hirschman Index (life/non-life), 2013 vs. 2014
Slide 18: Solvency margin , own funds for life and non-life insurers, 2010-2014
Slide 19: Number of insurance agents by type and number of sales reps (OFWCA), 2010-2013
Slide 20: Insurance - Regulatory institutions, 2015
Slide 21: Private health Insurance – Opportunity for insurers
3. Non-life insurance
Slide 22: Non-life insurance markets in CEE – Size vs. growth matrix, 2012-2014
Slide 23: Non-life premiums per capita & premiums/GDP penetration - CEE comparison, 2014
Slide 24: Non-life insurance gross and net premium evolution, 2010-2014
Slide 25: Top 10 non-life insurance players in Poland, 2014
Slide 26: Market shares of top non-life players evolution, 2011-2014
Slide 27: Number of policies and premiums evolution by client segment (retail vs. corporate), 2010-2014
Slide 28: Non-life premium by risk class, 2012-2014
Slide 29: Sales channels of non-life insurance, 2010-2013
Slide 30: Direct insurance – key players overview , 2010-2014
Slide 31: Link4 - Leader in direct sales in Poland - company profile, 2003-2014
Slide 32: Liberty Insurance - a "premium" direct player
Slide 33: Non-life insurers results, technical and P&L accounts, 2014
Slide 34: Non-life insurance - profitability tree, 2010-2014
Slide 35: Non-life insurance - claims and expense ratio evolution, 2010-2014
Slide 36: Non-life insurance - combined ratio and its elements, 2010-2014
Slide 37: Non-life insurance - acquisition costs evolution, 2012-2014, acquisition costs for top non-life insurers comparison, 2013
Slide 38: Network multi-agents: Consultia, CUK, Unilink etc.
Slide 39: Car insurance - premiums and no. policies evolution, MTPL, Casco, 2010-2014
Slide 40: Car insurance - top players in MTPL and in Casco, 2012-2014
Slide 41: Car insurance - combined ratio and its elements, MTPL and in Casco, 2012-2014
Slide 42: Car insurance - average premium per policy: retail vs. corporate, 1Q2011-4Q2014
Slide 43: Channels/product innovations: ERGO Hestia “You can drive”
4. Life insurance
Slide 44: Life insurance markets in CEE - Size vs. growth matrix, 2012-2014
Slide 45: Life premiums per capita & premiums/GDP penetration - CEE comparison, 2014
Slide 46: Life insurance gross and net premiums evolution, 2010-2014
Slide 47: Top 10 life insurance players in Poland, 2014
Slide 48: Market shares of top life players evolution, 2012-2014
Slide 49: Life premium by risk class evolution, 2010-2014
Slide 50: Life insurance technical reserves evolution and structure, 2010-2014
Slide 51: Sales channels of life insurance, separately for individual life and group life, 2010-2013
Slide 52: Life insurers results, Technical and P&L accounts, 2014
Slide 53: Life insurance - profitability tree, 2010-2014
Slide 54: Life insurance - acquisition costs evolution, 2012-2014, acquisition costs for top life insurers comparison, 2013
5. Bancassurance & alternative sales channels
Slide 55: Bancassurance: Premium written by bank channel (life/non-life), 2011-2013 - data by KNF vs. data by PIU
Slide 56: Bancassurance: Product/class split in bank channel (life/non-life), 2011-2014
Slide 57: Bancassurance: Sales of investment type life products other than unit-linked, 2010-2014
Slide 58: Banking (own) sales platform: "mBank, SUS - Centrum Ubezpieczeń"
Slide 59: Banking (operated by 3rd party) sales platform: "eurobank ubezpieczenia"
Slide 60: Bancassurance: Comparison websites and online sales sites operated - overview
Slide 61: Comparison websites: "UBEA"
Slide 62: Comparison websites: "Rankomat"
6. Top players' profiles
Slide 63: Non-life insurance: PZU, 2012-2014
Slide 64: Non-life insurance: Ergo Hestia, 2012-2014
Slide 65: Non-life insurance: Warta2012-2014
Slide 66: Life Insurance: PZU Życie, 2012-2014
Slide 67: Life Insurance: Open Life, 2012-2014
Slide 68: Life Insurance: MetLife, 2012-2014
7. Forecast
Slide 69: Non-life insurance premiums forecast, 2015-2017
Slide 70: Life Insurance premiums forecast, 2015-2017
Slide 71: Notes on Methodology
Backup:
Slide 72: Total insurance premiums collected in Poland, including
foreign insurers operating cross-border, 2008-2010
End of report.