Life Insurance in Poland, Key Trends and Opportunities to 2018
Table of Contents
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Polish Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018
5 Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Life Insurance Growth Prospects by Category
5.6 Individual Life Insurance
5.6.1 Individual whole life insurance
5.6.2 Individual general annuity insurance
5.6.3 Individual supplementary insurance
5.6.4 Other individual other insurance
5.7 Group Life Insurance
5.7.1 Group whole life insurance
5.7.2 Group superannuation insurance
5.7.3 Other group life insurance
5.8 Life Insurance Growth Prospects by Customer Segment
5.8.1 Individual single-premium insurance
5.8.2 Individual non-single-premium insurance
5.8.3 Group single-premium insurance
5.8.4 Group non-single-premium insurance
5.9 Life Insurance Growth Prospects by Product Type
5.9.1 Total linked insurance business
5.9.2 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Legislation and Market Practice by Type of Insurance
7.2.1 Life insurance
7.2.2 Property insurance
7.2.3 Motor insurance
7.2.4 Marine, aviation and transit insurance
7.2.5 Personal accident and health insurance
7.3 Compulsory Insurance
7.3.1 Motor third-party liability insurance
7.3.2 Social insurance system
7.3.3 Air carriers and aircraft operators insurance
7.3.4 Marine liability insurance
7.4 Supervision and Control
7.4.1 International Association of Insurance Supervisors (IAIS)
7.4.2 European Insurance and Occupational Pensions Authority (EIOPA)
7.4.3 Polish Financial Supervision Authority (PFSA)
7.4.4 Polish Chamber of Insurance (PIU)
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a local company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
7.7 Taxation
7.7.1 Insurance premium or policy taxation
7.7.2 Withholding taxes on premium paid overseas
7.7.3 Corporate tax
7.7.4 VAT
7.7.5 Captives
7.8 Legal System
7.8.1 Introduction
7.8.2 Access to court
7.8.3 Alternative dispute resolution (ADR)
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in Polish Life segment
8.3 Comparison of the Five Leading Insurers
8.3.1 Gross written premiums
8.3.2 Net earned premiums
8.3.3 Gross claims
8.3.4 Incurred loss
8.3.5 Loss ratios
8.4 Leading Life Insurers – New Product Launches
8.5 Leading Life Insurers – Key Developments
8.6 PZU ?ycie SA – Company Overview
8.6.1 PZU ?ycie SA – key facts
8.6.2 PZU ?ycie SA – key financials
8.7 Open Life Tu ?ycie SA – Company Overview
8.7.1 Open Life Tu ?ycie SA – key facts
8.7.2 Open Life Tu ?ycie SA – key financials
8.8 Tun? Warta SA – Company Overview
8.8.1 Tun? Warta SA – key facts
8.8.2 Tun? Warta SA – key financials
8.9 ING Tun? SA – Company Overview
8.9.1 ING Tun? SA – key facts
8.9.2 ING Tun? SA – key financials
8.1 Amplico Life SA – Company Overview
8.10.1 Amplico Life SA – key facts
8.10.2 Amplico Life SA – key financials
8.11 Aviva Tun? SA – Company Overview
8.11.1 Aviva Tun? SA – key facts
8.11.2 Aviva Tun? SA – key financials
8.12 Tu na ?ycie Europa SA – Company Overview
8.12.1 Tu na ?ycie Europa SA – key facts
8.12.2 Tu na ?ycie Europa SA– key financials
8.13 Benefia Tu na ?ycie SA Vienna Insurance Group – Company Overview
8.13.1 Benefia Tu na ?ycie SA Vienna Insurance Group – key facts
8.13.2 Benefia Tu na ?ycie SA Vienna Insurance Group – key financials
8.14 Nordea Polska Tu na ?ycie SA – Company Overview
8.14.1 Nordea Polska Tu na ?ycie SA – key facts
8.14.2 Nordea Polska Tu na ?ycie SA – key financials
8.15 Axa ?ycie Tu SA – Company Overview
8.15.1 Axa ?ycie Tu SA– key facts
8.15.2 Axa ?ycie Tu SA– key financials
9 Appendix – 1
9.1 Market Capitalization Trend – Warsaw Stock Exchange, Poland
9.2 GDP at Constant Prices (US$)
9.3 GDP Per Capita at Constant Prices (US$)
9.4 GDP at Current Prices (US$)
9.5 GDP Per Capita at Current Prices (US$)
9.6 GDP by Key Sectors
9.7 Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$)
9.8 Agriculture Net Output at Current Prices as a Percentage of GDP
9.9 Manufacturing Net Output at Current Prices (US$)
9.1 Manufacturing Net Output at Current Prices as a Percentage of GDP
9.11 Mining, Manufacturing and Utilities at Current Prices (US$)
9.12 Mining, Manufacturing and Utilities at Current Prices, as Percentage of GDP
9.13 Construction Net Output at Current Prices, (US$)
9.14 Construction Net Output at Current Prices as a Percentage of GDP
9.15 Inflation Rate
9.16 Exports as a Percentage of GDP
9.17 Imports as a Percentage of GDP
9.18 Merchandise Exports Growth
9.19 Merchandise Imports Growth
9.2 Annual Average Exchange Rate PLN–US$
9.21 Commercial Vehicle Imports – Total Value
9.22 Commercial Vehicle Exports – Total Value
9.23 Automotive Exports – Total Value
9.24 Automotive Imports – Total Value
9.25 Total Internet Subscribers
9.26 Labor Force
9.27 Unemployment Rate
9.28 Total Population
9.29 Urban and Rural Populations
9.3 Age Distribution of the Total Population
9.31 Life Expectancy
10 Appendix – 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric’s Services
10.5 Disclaimer
List of Tables
Table 1: Polish Life Insurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Polish Insurance – Gross Written Premium by Segment (PLN Billion), 2009–2013
Table 4: Polish Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 5: Polish Insurance – Gross Written Premium by Segment (PLN Billion), 2013–2018
Table 6: Polish Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 7: Polish Insurance – Segmentation, Gross Written Premium (Percentage Share), 2009–2018
Table 8: Polish Insurance – Direct Written Premium by Segment (PLN Billion), 2009–2013
Table 9: Polish Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 10: Polish Insurance – Direct Written Premium by Segment (PLN Billion), 2013–2018
Table 11: Polish Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 12: Polish Insurance – Segmentation, Direct Written Premium (Percentage Share), 2009–2018
Table 13: Polish Life Insurance – Gross Written Premium by Category (PLN Billion), 2009–2013
Table 14: Polish Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 15: Polish Life Insurance – Gross Written Premium by Category (PLN Billion), 2013–2018
Table 16: Polish Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 17: Polish Life Insurance – New Business Written Premium (PLN Billion), 2009–2013
Table 18: Polish Life Insurance – New Business Written Premium (PLN Billion), 2013–2018
Table 19: Polish Life Insurance – Earned Premium (PLN Billion), 2009–2013
Table 20: Polish Life Insurance – Earned Premium (PLN Billion), 2013–2018
Table 21: Polish Life Insurance – Sum Assured (PLN Trillion), 2009–2013
Table 22: Polish Life Insurance – Sum Assured (PLN Trillion), 2013–2018
Table 23: Polish Life Insurance – Paid Claims (PLN Billion), 2009–2013
Table 24: Polish Life Insurance – Paid Claims (PLN Billion), 2013–2018
Table 25: Polish Life Insurance – Incurred Loss (PLN Billion), 2009–2013
Table 26: Polish Life Insurance – Incurred Loss (PLN Billion), 2013–2018
Table 27: Polish Life Insurance – Loss Ratio (%), 2009–2013
Table 28: Polish Life Insurance – Loss Ratio (%), 2013–2018
Table 29: Polish Life Insurance – Commissions and Expenses (PLN Billion), 2009–2013
Table 30: Polish Life Insurance – Commissions and Expenses (PLN Billion), 2013–2018
Table 31: Polish Life Insurance – Combined Ratio (%), 2009–2013
Table 32: Polish Life Insurance – Combined Ratio (%), 2013–2018
Table 33: Polish Life Insurance – Fraud and Crimes (PLN Billion), 2009–2013
Table 34: Polish Life Insurance – Fraud and Crimes (PLN Billion), 2013–2018
Table 35: Polish Life Insurance – Total Assets (PLN Billion), 2009–2013
Table 36: Polish Life Insurance – Total Assets (PLN Billion), 2013–2018
Table 37: Polish Life Insurance – Total Investment Income (PLN Billion), 2009–2013
Table 38: Polish Life Insurance – Total Investment Income (PLN Billion), 2013–2018
Table 39: Polish Life Insurance – Retentions (PLN Billion), 2009–2013
Table 40: Polish Life Insurance – Retentions (PLN Billion), 2013–2018
Table 41: Polish Individual Life Insurance – Gross Written Premium by Category (PLN Billion), 2009–2013
Table 42: Polish Individual Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 43: Polish Individual Life Insurance – Gross Written Premium by Category (PLN Billion), 2013–2018
Table 44: Polish Individual Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 45: Polish Individual Life Insurance – Direct Written Premium by Category (PLN Billion), 2009–2013
Table 46: Polish Individual Life Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 47: Polish Individual Life Insurance – Direct Written Premium by Category (PLN Billion), 2013–2018
Table 48: Polish Individual Life Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 49: Polish Individual Life Insurance – Policies by Category (Thousand), 2009–2013
Table 50: Polish Individual Life Insurance – Policies Premium by Category (Thousand), 2013–2018
Table 51: Polish Individual Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Table 52: Polish Individual Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Table 53: Polish Individual Whole Life Insurance – Gross Written Premium (PLN Billion), 2009–2013
Table 54: Polish Individual Whole Life Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 55: Polish Individual General Annuity Insurance – Number of Active Policies (Thousand), 2009–2013
Table 56: Polish Individual General Annuity Insurance – Number of Active Policies (Thousand), 2013–2018
Table 57: Polish Individual General Annuity Insurance – Gross Written Premium (PLN Million), 2009–2013
Table 58: Polish Individual General Annuity Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 59: Polish Individual Supplementary Insurance – Number of Active Policies (Thousand), 2009–2013
Table 60: Polish Individual Supplementary Insurance – Number of Active Policies (Thousand), 2013–2018
Table 61: Polish Individual Supplementary Insurance – Gross Written Premium (PLN Billion), 2009–2013
Table 62: Polish Individual Supplementary Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 63: Polish Other Individual Insurance – Number of Active Policies (Thousand), 2009–2013
Table 64: Polish Other Individual Insurance – Number of Active Policies (Thousand), 2013–2018
Table 65: Polish Other Individual Insurance – Gross Written Premium (PLN Billion), 2009–2013
Table 66: Polish Other Individual Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 67: Polish Group Life Insurance – Gross Written Premium by Category (PLN Billion), 2009–2013
Table 68: Polish Group Life Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 69: Polish Group Life Insurance – Gross Written Premium by Category (PLN Billion), 2013–2018
Table 70: Polish Group Life Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 71: Polish Group Life Insurance – Direct Written Premium by Category (PLN Billion), 2009–2013
Table 72: Polish Group Life Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 73: Polish Group Life Insurance – Direct Written Premium by Category (PLN Billion), 2013–2018
Table 74: Polish Group Life Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 75: Polish Group Life Insurance – Policies by Category (Thousand), 2009–2013
Table 76: Polish Group Life Insurance – Policies Premium by Category (Thousand), 2013–2018
Table 77: Polish Group Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Table 78: Polish Group Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Table 79: Polish Group Whole Life Insurance – Gross Written Premium (PLN Billion), 2009–2013
Table 80: Polish Group Whole Life Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 81: Polish Group Superannuation Insurance – Number of Active Policies, 2009–2013
Table 82: Polish Group Superannuation Insurance – Number of Active Policies, 2013–2018
Table 83: Polish Group Superannuation Insurance – Gross Written Premium (PLN Million), 2009–2013
Table 84: Polish Group Superannuation Insurance – Gross Written Premium (PLN Million), 2013–2018
Table 85: Polish Other Group Life Insurance – Number of Active Policies (Thousand), 2009–2013
Table 86: Polish Group Life Others Insurance – Number of Active Policies (Thousand), 2013–2018
Table 87: Polish Group Life Others Insurance – Gross Written Premium (PLN Billion), 2009–2013
Table 88: Polish Group Life Others Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 89: Polish Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 90: Polish Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 91: Polish Individual Single-Premium Insurance – Gross Written Premium (PLN Billion), 2009–2013
Table 92: Polish Individual Single-Premium Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 93: Polish Individual Single-Premium Insurance – Direct Written Premium (PLN Billion), 2009–2013
Table 94: Polish Individual Single-Premium Insurance – Direct Written Premium (PLN Billion), 2013–2018
Table 95: Polish Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 96: Polish Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 97: Polish Individual Non-Single-Premium Insurance – Gross Written Premium (PLN Billion), 2009–2013
Table 98: Polish Individual Non-Single-Premium Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 99: Polish Individual Non-Single-Premium Insurance – Direct Written Premium (PLN Billion), 2009–2013
Table 100: Polish Individual Non-Single-Premium Insurance – Direct Written Premium (PLN Billion), 2013–2018
Table 101: Polish Group Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 102: Polish Group Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 103: Polish Group Single-Premium Insurance – Gross Written Premium (PLN Billion), 2009–2013
Table 104: Polish Group Single-Premium Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 105: Polish Group Single-Premium Insurance – Direct Written Premium (PLN Billion), 2009–2013
Table 106: Polish Group Single-Premium Insurance – Direct Written Premium (PLN Billion), 2013–2018
Table 107: Polish Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Table 108: Polish Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Table 109: Polish Group Non-Single-Premium Insurance – Gross Written Premium (PLN Billion), 2009–2013
Table 110: Polish Group Non-Single-Premium Insurance – Gross Written Premium (PLN Billion), 2013–2018
Table 111: Polish Group Non-Single-Premium Insurance – Direct Written Premium (PLN Billion), 2009–2013
Table 112: Polish Group Non-Single-Premium Insurance – Direct Written Premium (PLN Billion), 2013–2018
Table 113: Polish Linked Insurance Business – Number of Active Policies (Thousand), 2009–2013
Table 114: Polish Linked Insurance Business – Number of Active Policies (Thousand), 2013–2018
Table 115: Polish Linked Insurance Business – Gross Written Premium (PLN Billion), 2009–2013
Table 116: Polish Linked Insurance Business – Gross Written Premium (PLN Billion), 2013–2018
Table 117: Polish Linked Insurance Business – Direct Written Premium (PLN Billion), 2009–2013
Table 118: Polish Linked Insurance Business – Direct Written Premium (PLN Billion), 2013–2018
Table 119: Polish Non-Linked Insurance Business – Number of Active Policies (Thousand), 2009–2013
Table 120: Polish Non-Linked Insurance Business – Number of Active Policies (Thousand), 2013–2018
Table 121: Polish Non-Linked Insurance Business – Gross Written Premium (PLN Billion), 2009–2013
Table 122: Polish Non-Linked Insurance Business – Gross Written Premium (PLN Billion), 2013–2018
Table 123: Polish Non-Linked Insurance Business – Direct Written Premium (PLN Billion), 2009–2013
Table 124: Polish Non-Linked Insurance Business – Direct Written Premium (PLN Billion), 2013–2018
Table 125: Polish Life Insurance – Direct Marketing Commission Paid (PLN Billion), 2009–2013
Table 126: Polish Life Insurance – Direct Marketing Commission Paid (PLN Billion), 2013–2018
Table 127: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2009–2013
Table 128: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2013–2018
Table 129: Polish Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 130: Polish Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 131: Polish Life Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 132: Polish Life Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 133: Polish Life Insurance – Bancassurance Commission Paid (PLN Billion), 2009–2013
Table 134: Polish Life Insurance – Bancassurance Commission Paid (PLN Billion), 2013–2018
Table 135: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2009–2013
Table 136: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2013–2018
Table 137: Polish Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 138: Polish Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 139: Polish Life Insurance – Number of Bancassurance Distributors, 2009–2013
Table 140: Polish Life Insurance – Number of Bancassurance Distributors, 2013–2018
Table 141: Polish Life Insurance – Commission Paid to Agencies (PLN Billion), 2009–2013
Table 142: Polish Life Insurance – Commission Paid to Agencies (PLN Billion), 2013–2018
Table 143: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2009–2013
Table 144: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2013–2018
Table 145: Polish Life Insurance – New Policies Sold Through Agencies (Thousand), 2009–2013
Table 146: Polish Life Insurance – New Policies Sold Through Agencies (Thousand), 2013–2018
Table 147: Polish Life Insurance – Number of Agencies, 2009–2013
Table 148: Polish Life Insurance – Number of Agencies, 2013–2018
Table 149: Polish Life Insurance – E-Commerce Commission Paid (PLN), 2009–2013
Table 150: Polish Life Insurance – E-Commerce Commission Paid (PLN), 2013–2018
Table 151: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2009–2013
Table 152: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2013–2018
Table 153: Polish Life Insurance – New Policies Sold Through E-Commerce (Absolute), 2009–2013
Table 154: Polish Life Insurance – New Policies Sold Through E-Commerce (Absolute), 2013–2018
Table 155: Polish Life Insurance – Number of E-Commerce Distributors, 2009–2013
Table 156: Polish Life Insurance – Number of E-Commerce Distributors, 2013–2018
Table 157: Polish Life Insurance – Commission Paid to Brokers (PLN Billion), 2009–2013
Table 158: Polish Life Insurance – Commission Paid to Brokers (PLN Million), 2013–2018
Table 159: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2009–2013
Table 160: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2013–2018
Table 161: Polish Life Insurance – New Policies Sold Through Brokers (Thousand), 2009–2013
Table 162: Polish Life Insurance – New Policies Sold Through Brokers (Thousand), 2013–2018
Table 163: Polish Life Insurance – Number of Brokers, 2009–2013
Table 164: Polish Life Insurance – Number of Brokers, 2013–2018
Table 165: Polish Life Insurance – Commission Paid to Other Channels (PLN Million), 2009–2013
Table 166: Polish Life Insurance – Commission Paid to Other Channels (PLN Million), 2013–2018
Table 167: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2009–2013
Table 168: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2013–2018
Table 169: Polish Life Insurance – New Policies Sold Through Other Channels (Thousand), 2009–2013
Table 170: Polish Life Insurance – New Policies Sold Through Other Channels (Thousand), 2013–2018
Table 171: Polish Life Insurance – Number of Distributors in Other Channels, 2009–2013
Table 172: Polish Life Insurance – Number of Distributors in Other Channels, 2013–2018
Table 173: Poland – Life Insurance Regulatory Framework
Table 174: Poland – Property Insurance Regulatory Framework
Table 175: Poland – Motor Insurance Regulatory Framework
Table 176: Poland – Minimum Cover for Aircraft Third-Party Liability, Per Accident Per Aircraft
Table 177: Poland – Corporate Tax Rate for the Financial Year 2014
Table 178: Shares of Key Insurers in Polish Life Segment (%), 2013
Table 179: PZU ?ycie SA, Key Facts
Table 180: PZU ?ycie SA, Key Financials (PLN Million), 2009–2013
Table 181: Open Life Tu ?ycie SA, Key Facts
Table 182: Open Life Tu ?ycie SA, Key Financials (PLN Million), 2010–2013
Table 183: Tun? Warta SA, Key Facts
Table 184: Tun? Warta SA, Key Financials (PLN Million), 2009–2013
Table 185: ING Tun? SA, Key Facts
Table 186: ING Tun? SA, Key Financials (PLN Million), 2009–2013
Table 187: Amplico Life SA, Key Facts
Table 188: Amplico Life SA, Key Financials (PLN Million), 2009–2013
Table 189: Aviva Tun? SA, Key Facts
Table 190: Aviva Tun? SA, Key Financials (PLN Million), 2009–2013
Table 191: Tu na ?ycie Europa SA, Key Facts
Table 192: Tu na ?ycie Europa SA, Key Financials (PLN Million), 2009–2013
Table 193: Benefia Tu na ?ycie SA Vienna Insurance Group, Key Facts
Table 194: Benefia Tu na ?ycie SA Vienna Insurance Group, Key Financials (PLN Million), 2009–2013
Table 195: Nordea Polska Tu na ?ycie SA, Key Facts
Table 196: Nordea Polska Tu na ?ycie SA, Key Financials (PLN Million), 2009–2013
Table 197: Axa ?ycie Tu SA, Key Facts
Table 198: Axa ?ycie Tu SA, Key Financials (PLN Million), 2009–2013
List of Figures
Figure 1: Polish Insurance – Gross Written Premium by Segment (PLN Billion), 2009–2018
Figure 2: Polish Insurance – Dynamics by Segment, Gross Written Premium (2009–2018)
Figure 3: Polish Insurance – Direct Written Premium by Segment (PLN Billion), 2009–2018
Figure 4: Polish Insurance – Dynamics by Segment, Direct Written Premium (2009–2018)
Figure 5: Polish Life segment – Number of Active Policies and Gross Written Premium (Percentage Share), 2013
Figure 6: Unemployment Rate (%), 2009–2013
Figure 7: Rural/Urban Population (%), 2009–2013
Figure 8: Distribution of Population By Age Group (%), 2009–2013
Figure 9: Polish Life Insurance – Gross Written Premium by Category (PLN Billion), 2009–2018
Figure 10: Polish Life Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 11: Polish Life Insurance – Dynamics by Category, 2009–2018
Figure 12: Polish Life Insurance – New Business Written Premium (PLN Billion), 2009–2013
Figure 13: Polish Life Insurance – New Business Written Premium (PLN Billion), 2013–2018
Figure 14: Polish Life Insurance – Earned Premium (PLN Billion), 2009–2013
Figure 15: Polish Life Insurance – Earned Premium (PLN Billion), 2013–2018
Figure 16: Polish Life Insurance – Sum Assured (PLN Trillion), 2009–2013
Figure 17: Polish Life Insurance – Sum Assured (PLN Trillion), 2013–2018
Figure 18: Polish Life Insurance – Paid Claims (PLN Billion), 2009–2013
Figure 19: Polish Life Insurance – Paid Claims (PLN Billion), 2013–2018
Figure 20: Polish Life Insurance – Incurred Loss (PLN Billion), 2009–2013
Figure 21: Polish Life Insurance – Incurred Loss (PLN Billion), 2013–2018
Figure 22: Polish Life Insurance – Loss Ratio (%), 2009–2013
Figure 23: Polish Life Insurance – Loss Ratio (%), 2013–2018
Figure 24: Polish Life Insurance – Commissions and Expenses (PLN Billion), 2009–2013
Figure 25: Polish Life Insurance – Commissions and Expenses (PLN Billion), 2013–2018
Figure 26: Polish Life Insurance – Combined Ratio (%), 2009–2013
Figure 27: Polish Life Insurance – Combined Ratio (%), 2013–2018
Figure 28: Polish Life Insurance – Fraud and Crimes (PLN Million), 2009–2013
Figure 29: Polish Life Insurance – Fraud and Crimes (PLN Million), 2013–2018
Figure 30: Polish Life Insurance – Total Assets (PLN Billion), 2009–2013
Figure 31: Polish Life Insurance – Total Assets (PLN Billion), 2013–2018
Figure 32: Polish Life Insurance – Total Investment Income (PLN Billion), 2009–2013
Figure 33: Polish Life Insurance – Total Investment Income (PLN Billion), 2013–2018
Figure 34: Polish Life Insurance – Retentions (PLN Billion), 2009–2013
Figure 35: Polish Life Insurance – Retentions (PLN Billion), 2013–2018
Figure 36: Polish Life Insurance – Investment Portfolio (PLN Billion), 2009–2013
Figure 37: Polish Life Insurance – Investment Portfolio, 2009 and 2013
Figure 38: Polish Life Insurance – Penetration (%), 2009–2013
Figure 39: Polish Life Insurance – Density (Number of Policies per Capita), 2009–2013
Figure 40: Polish Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 41: Polish Life Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 42: Polish Life Insurance – Number of New Policies Sold (Thousand), 2009–2013
Figure 43: Polish Life Insurance – Number of New Policies Sold (Thousand), 2013–2018
Figure 44: Polish Life Insurance – Premium per Capita (PLN), 2009–2013
Figure 45: Polish Individual Life Insurance – Gross Written Premium by Category (PLN Billion), 2009–2018
Figure 46: Polish Individual Life Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 47: Polish Individual Life Insurance – Dynamics by Category, 2009–2018
Figure 48: Polish Individual Life Insurance – Direct Written Premium by Category (PLN Billion), 2009–2018
Figure 49: Polish Individual Life Insurance – Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 50: Polish Individual Life Insurance – Dynamics by Category, 2009–2018
Figure 51: Polish Individual Life Insurance – Policies by Category (Thousand), 2009–2018
Figure 52: Polish Individual Life Insurance – Policies by Category (Percentage Share), 2013 and 2018
Figure 53: Polish Individual Life Insurance – Dynamics by Category, 2009–2018
Figure 54: Polish Individual Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 55: Polish Individual Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 56: Polish Individual Whole Life Insurance – Gross Written Premium (PLN Billion), 2009–2013
Figure 57: Polish Individual Whole Life Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 58: Polish Individual General Annuity Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 59: Polish Individual General Annuity Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 60: Polish Individual General Annuity Insurance – Gross Written Premium (PLN Million), 2009–2013
Figure 61: Polish Individual General Annuity Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 62: Polish Individual Supplementary Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 63: Polish Individual Supplementary Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 64: Polish Individual Supplementary Insurance – Gross Written Premium (PLN Billion), 2009–2013
Figure 65: Polish Individual Supplementary Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 66: Polish Other Individual Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 67: Polish Other Individual Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 68: Polish Other Individual Insurance – Gross Written Premium (PLN Billion), 2009–2013
Figure 69: Polish Other Individual Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 70: Polish Group Life Insurance – Gross Written Premium by Category (PLN Billion), 2009–2018
Figure 71: Polish Group Life Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 72: Polish Group Life Insurance – Dynamics by Category, 2009–2018
Figure 73: Polish Group Life Insurance – Direct Written Premium by Category (PLN Billion), 2009–2018
Figure 74: Polish Group Life Insurance – Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 75: Polish Group Life Insurance – Dynamics by Category, 2009–2018
Figure 76: Polish Group Life Insurance – Policies by Category (Thousand), 2009–2018
Figure 77: Polish Group Life Insurance – Policies by Category (Percentage Share), 2013 and 2018
Figure 78: Polish Group Life Insurance – Dynamics by Category, 2009–2018
Figure 79: Polish Group Whole Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 80: Polish Group Whole Life Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 81: Polish Group Whole Life Insurance – Gross Written Premium (PLN Billion), 2009–2013
Figure 82: Polish Group Whole Life Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 83: Polish Group Superannuation Insurance – Number of Active Policies, 2009–2013
Figure 84: Polish Group Superannuation Insurance – Number of Active Policies, 2013–2018
Figure 85: Polish Group Superannuation Insurance – Gross Written Premium (PLN Million), 2009–2013
Figure 86: Polish Group Superannuation Insurance – Gross Written Premium (PLN Million), 2013–2018
Figure 87: Polish Other Group Life Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 88: Polish Group Life Others Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 89: Polish Group Life Others Insurance – Gross Written Premium (PLN Billion), 2009–2013
Figure 90: Polish Group Life Others Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 91: Polish Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 92: Polish Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 93: Polish Individual Single-Premium Insurance – Gross Written Premium (PLN Billion), 2009–2013
Figure 94: Polish Individual Single-Premium Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 95: Polish Individual Single-Premium Insurance – Direct Written Premium (PLN Billion), 2009–2013
Figure 96: Polish Individual Single-Premium Insurance – Direct Written Premium (PLN Billion), 2013–2018
Figure 97: Polish Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 98: Polish Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 99: Polish Individual Non-Single-Premium Insurance – Gross Written Premium (PLN Billion), 2009–2013
Figure 100: Polish Individual Non-Single-Premium Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 101: Polish Individual Non-Single-Premium Insurance – Direct Written Premium (PLN Billion), 2009–2013
Figure 102: Polish Individual Non-Single-Premium Insurance – Direct Written Premium (PLN Billion), 2013–2018
Figure 103: Polish Group Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 104: Polish Group Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 105: Polish Group Single-Premium Insurance – Gross Written Premium (PLN Billion), 2009–2013
Figure 106: Polish Group Single-Premium Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 107: Polish Group Single-Premium Insurance – Direct Written Premium (PLN Billion), 2009–2013
Figure 108: Polish Group Single-Premium Insurance – Direct Written Premium (PLN Billion), 2013–2018
Figure 109: Polish Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2009–2013
Figure 110: Polish Group Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2013–2018
Figure 111: Polish Group Non-Single-Premium Insurance – Gross Written Premium (PLN Billion), 2009–2013
Figure 112: Polish Group Non-Single-Premium Insurance – Gross Written Premium (PLN Billion), 2013–2018
Figure 113: Polish Group Non-Single-Premium Insurance – Direct Written Premium (PLN Billion), 2009–2013
Figure 114: Polish Group Non-Single-Premium Insurance – Direct Written Premium (PLN Billion), 2013–2018
Figure 115: Polish Linked Insurance Business – Number of Active Policies (Thousand), 2009–2013
Figure 116: Polish Linked Insurance Business – Number of Active Policies (Thousand), 2013–2018
Figure 117: Polish Linked Insurance Business – Gross Written Premium (PLN Billion), 2009–2013
Figure 118: Polish Linked Insurance Business – Gross Written Premium (PLN Billion), 2013–2018
Figure 119: Polish Linked Insurance Business – Direct Written Premium (PLN Billion), 2009–2013
Figure 120: Polish Linked Insurance Business – Direct Written Premium (PLN Billion), 2013–2018
Figure 121: Polish Non-Linked Insurance Business – Number of Active Policies (Thousand), 2009–2013
Figure 122: Polish Non-Linked Insurance Business – Number of Active Policies (Thousand), 2013–2018
Figure 123: Polish Non-Linked Insurance Business – Gross Written Premium (PLN Billion), 2009–2013
Figure 124: Polish Non-Linked Insurance Business – Gross Written Premium (PLN Billion), 2013–2018
Figure 125: Polish Non-Linked Insurance Business – Direct Written Premium (PLN Billion), 2009–2013
Figure 126: Polish Non-Linked Insurance Business – Direct Written Premium (PLN Billion), 2013–2018
Figure 127: Polish Life Insurance – New Business Written Premium by Distribution Channel (Percentage Share), 2013 and 2018
Figure 128: Polish Life Insurance – Direct Marketing Commission Paid (PLN Billion), 2009–2013
Figure 129: Polish Life Insurance – Direct Marketing Commission Paid (PLN Billion), 2013–2018
Figure 130: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2009–2013
Figure 131: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2013–2018
Figure 132: Polish Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2009–2013
Figure 133: Polish Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2013–2018
Figure 134: Polish Life Insurance – Number of Direct Marketing Distributors, 2009–2013
Figure 135: Polish Life Insurance – Number of Direct Marketing Distributors, 2013–2018
Figure 136: Polish Life Insurance – Bancassurance Commission Paid (PLN Billion), 2009–2013
Figure 137: Polish Life Insurance – Bancassurance Commission Paid (PLN Billion), 2013–2018
Figure 138: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2009–2013
Figure 139: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2013–2018
Figure 140: Polish Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2009–2013
Figure 141: Polish Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2013–2018
Figure 142: Polish Life Insurance – Number of Bancassurance Distributors, 2009–2013
Figure 143: Polish Life Insurance – Number of Bancassurance Distributors, 2013–2018
Figure 144: Polish Life Insurance – Commission Paid to Agencies (PLN Billion), 2009–2013
Figure 145: Polish Life Insurance – Commission Paid to Agencies (PLN Billion), 2013–2018
Figure 146: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2009–2013
Figure 147: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2013–2018
Figure 148: Polish Life Insurance – New Policies Sold Through Agencies (Thousand), 2009–2013
Figure 149: Polish Life Insurance – New Policies Sold Through Agencies (Thousand), 2013–2018
Figure 150: Polish Life Insurance – Number of Agencies, 2009–2013
Figure 151: Polish Life Insurance – Number of Agencies, 2013–2018
Figure 152: Polish Life Insurance – E-Commerce Commission Paid (PLN Million), 2009–2013
Figure 153: Polish Life Insurance – E-Commerce Commission Paid (PLN Million), 2013–2018
Figure 154: Polish Life Insurance – New Business Gross Written Premium (PLN Billion), 2009–2013
Figure 155: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2013–2018
Figure 156: Polish Life Insurance – New Policies Sold Through E-Commerce (Absolute), 2009–2013
Figure 157: Polish Life Insurance – New Policies Sold Through E-Commerce (Absolute), 2013–2018
Figure 158: Polish Life Insurance – Number of E-Commerce Distributors, 2009–2013
Figure 159: Polish Life Insurance – Number of E-Commerce Distributors, 2013–2018
Figure 160: Polish Life Insurance – Commission Paid to Brokers (PLN Billion), 2009–2013
Figure 161: Polish Life Insurance – Commission Paid to Brokers (PLN Million), 2013–2018
Figure 162: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2009–2013
Figure 163: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2013–2018
Figure 164: Polish Life Insurance – New Policies Sold Through Brokers (Thousand), 2009–2013
Figure 165: Polish Life Insurance – New Policies Sold Through Brokers (Thousand), 2013–2018
Figure 166: Polish Life Insurance – Number of Brokers, 2009–2013
Figure 167: Polish Life Insurance – Number of Brokers, 2013–2018
Figure 168: Polish Life Insurance – Commission Paid to Other Channels (PLN Million), 2009–2013
Figure 169: Polish Life Insurance – Commission Paid to Other Channels (PLN Million), 2013–2018
Figure 170: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2009–2013
Figure 171: Polish Life Insurance – New Business Gross Written Premium (PLN Million), 2013–2018
Figure 172: Polish Life Insurance – New Policies Sold Through Other Channels (Thousand), 2009–2013
Figure 173: Polish Life Insurance – New Policies Sold Through Other Channels (Thousand), 2013–2018
Figure 174: Polish Life Insurance – Number of Distributors in Other Channels, 2009–2013
Figure 175: Polish Life Insurance – Number of Distributors in Other Channels, 2013–2018
Figure 176: Poland – Insurance Regulatory Framework
Figure 177: Poland – The Three Pillars of Solvency II
Figure 178: Poland – Insurance Supervision and Control at Various Levels
Figure 179: Poland – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 180: Number of Insurance Companies in Polish Life Segment 2009–2013
Figure 181: Shares of Key Insurers in the Polish Life Segment (%), 2013
Figure 182: Gross Written Premium – Top Five Polish Life Insurers, 2013
Figure 183: Net Earned Premium – Top Five Polish Life Insurers, 2013
Figure 184: Gross Claims – Top Five Polish Life Insurers, 2013
Figure 185: Incurred Loss – Top Five Polish Life Insurers, 2013
Figure 186: Loss Ratios – Top Five Polish Life Insurers, 2013
Figure 187: Polish, Warsaw Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 188: Polish GDP at Constant Prices (US$ Billion), 2009–2013
Figure 189: Polish GDP Per Capita at Constant Prices (US$), 2009–2013
Figure 190: Polish GDP at Current Prices (US$ Billion), 2009–2013
Figure 191: Polish GDP Per Capita at Current Prices (US$), 2009–2013
Figure 192: Polish GDP by Key Sectors (%) 2008 and 2012
Figure 193: Polish Agriculture Net Output at Current Prices (US$ Billion), 2008–2012
Figure 194: Polish Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 195: Polish Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 196: Polish Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 197: Polish Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
Figure 198: Polish Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2008–2012
Figure 199: Polish Construction Net Output at Current Prices (US$ Billion), 2008 – 2012
Figure 200: Polish Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 201: Polish Inflation Rate (%), 2009–2013
Figure 202: Polish Exports as a Percentage of GDP (%), 2008–2012
Figure 203: Polish Imports as a Percentage of GDP (%), 2008–2012
Figure 204: Polish Merchandise Exports Growth (%), 2009–2012
Figure 205: Polish Merchandise Imports Growth (%), 2009–2012
Figure 206: Polish Annual Average Exchange Rate US$–PLN, 2009–2013
Figure 207: Polish Commercial Vehicles Imports – Total Value (US$ Million), 2009–2013
Figure 208: Polish Commercial Vehicles Exports – Total Value (US$ Million), 2009–2013
Figure 209: Polish Automotive Exports – Total Value (US$ Million), 2009–2013
Figure 210: Polish Automotive Imports – Total Value (US$ Billion), 2009–2013
Figure 211: Polish Internet Subscriptions (Millions), 2009–2013
Figure 212: Polish Size of Labor Force (Million), 2008–2012
Figure 213: Polish Unemployment Rate (%), 2009–2013
Figure 214: Polish Total Population (Million), 2009–2013
Figure 215: Polish Urban and Rural Populations (%), 2009–2013
Figure 216: Polish Population Distribution by Age (%), 2009–2013
Figure 217: Polish Life Expectancy (Number of Years), 2009–2013