Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

News

Non-Life Insurance in Poland, Key Trends and Opportunities to 2016

dallas 7/4/2012 4:31:02 PM

The Polish non-life insurance segment was largely unaffected by the global financial crisis, with growth supported by an increase in car sales and improved demand for property, fire and general liability insurance products. With stable economic growth anticipated, the country’s non-life insurance segment is expected to continue to expand over the forecast period. The segment is also expected to benefit from increasing levels of risk awareness and preparation for risk avoidance among Polish consumers. Other factors expected to support the growth of the segment over the forecast period include the strong performance of the country’s property market, increased infrastructure spending in preparation for the UEFA Euro 2012 championship, rising levels of disposable income and government reforms.

Scope

This report provides a comprehensive analysis of the non-life insurance market in Poland:

  • It provides historical values for the Polish non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
  • It offers a detailed analysis of the key sub-segments in the Polish non-life insurance market, along with market forecasts until 2016
  • 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
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Poland for the non-life insurance business
  • It provides a detailed analysis of the reinsurance market in Poland and its growth prospects
  • It profiles the top non-life insurance companies in Poland and outlines the key regulations affecting them

Key highlights

  • The Polish infrastructure construction market grew rapidly during the review period; growth that was driven by preparations for the country’s co-hosting of the UEFA 2012 championship. This entailed significant investment in the renovation of the country’s airports, the modernization of Polish roads and railways and enhancement of its healthcare facilities.
  • With increasing demand for motor insurance, the Polish non-life insurance segment is expected to maintain moderate growth over the forecast period.
  • In Poland, agriculture insurance is governed by several domestic and EU legislative acts, with the Polish government covering 80% of the premiums for insurance against losses caused by adverse atmospheric conditions comparable to natural disasters.
  • Insurance companies operating in Poland are anticipating significant changes with the launch of the country’s new Solvency II regulatory framework, a change expected to be enacted during the forecast period.
  • The Polish non-life insurance segment is dominated by foreign insurance companies, with 23 of the 33 non-life insurance companies operating in the country in 2011 being foreign owned. The entry of a number of leading foreign non-life companies into the Polish insurance industry significantly increased the intensity of rivalry during the review period.


More News

Initiating Rare Disease Drug Discovery Projects


Released On: 9/3/2012
Views: 3436

Organic Light Emitting Diodes (OLEDs): Technologies and Global Markets


Released On: 9/3/2012
Views: 3124

2012 China Synthesis Polypeptide Drug Industry Market Research Report


Released On: 8/31/2012
Views: 3858

The Future of Coal Fired Power Generation Technologies


Released On: 8/27/2012
Views: 2958

Global and China Polyurethane Industry Chain Report, 2011-2012


Released On: 8/27/2012
Views: 2139

UK Commercial Property Insurance 2012


Released On: 8/27/2012
Views: 2832

IP Multimedia Subsystem (IMS) Solutions and Market Opportunities


Released On: 8/23/2012
Views: 2993

Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2016


Released On: 8/23/2012
Views: 2018

Graphene: Technologies, Applications and Markets: ReportsnReports


Released On: 8/21/2012
Views: 2711

Supraventricular Tachycardia (SVT) Therapeutics - Pipeline Assessment and Market Forecasts to 2019


Released On: 8/16/2012
Views: 3351

2012 Market Research Report on China Reversing Camera System Industry


Released On: 8/16/2012
Views: 1968

2012 Market Research Report on China Child Safety Seat Industry


Released On: 8/16/2012
Views: 4217

ReportsnReports: Agricultural Biotechnology: Emerging Technologies and Global Markets


Released On: 8/14/2012
Views: 2093

Clothing and footwear retail market in Russia 2012


Released On: 8/14/2012
Views: 1913

Clothing and footwear retail market in Poland 2012: ReportsnReports


Released On: 8/14/2012
Views: 1797

Cement market in CIS countries 2012


Released On: 8/13/2012
Views: 2206

Personal Accident and Health Insurance in the Netherlands, Key Trends and Opportunities to 2016


Released On: 8/13/2012
Views: 2097

U.S. Indoor Air Quality Market


Released On: 8/13/2012
Views: 1945

Load More wait