Insurers' expenses with the claims paid in 1Q2014 recorded a visible decrease: the overall amount of claims paid amounted to EUR 2.2 billion, about 7% down y-o-y, with an 11% decrease on the life insurance segment and a 0.6% growth for the non-life insurance lines.
Among the non-life insurance lines, motor insurance recorded the worst dynamic. Thus, while GWP decreased both on the Motor Hull and the MTPL lines (by 0.4% and 6% respectively), claims paid increased overall by almost 3%, mostly because of the 4.3% increase in claims paid for MTPL contracts.
Access www.xprimm.com and download the 1Q2014 Polish insurance market statistics.
Market portfolio (in EUR and PLN):
- Gross written premiums
- Paid claims
- Growth rates
- Life insurance ranking
- Non-life insurance ranking