The good macroeconomic indicators in Poland are also having a positive effect on the insurance industry. In terms of local currency, premium volume rose by 7.8% year-on-year in the 1st-3rd quarter of 2012. Premiums written in the non-life insurance segment rose by 4.2%. Life insurance achieved a major increase of 10.6%, and already represents far more than 50% of the total premium volume of the country. This increase was driven by strong demand for single-premium products.
Average per capita expenditures for insurance premiums were EUR 364 in Poland in 2011, of which EUR 161 was for non-life insurance and EUR 203 for life insurance.
Market growth in 2012 compared to the previous year |
Market shares of the major insurance groups |
