According to data collected by the PIU, as of December 31, 2023, GWP in the banking channel reached PLN 5.97 billion (~EUR 1.37 billion), which is 5% higher y-o-y. At the same time, it was one of the weakest results over the years 2021–2016:
2021 – PLN 6.83 billion
2020 – PLN 5.56 billion
2019 – PLN 6.87 billion,
2018 – PLN 7.61 billion,
2017 – PLN 10.15 billion,
2016 – PLN 9.81 billion.
A total of PLN 3.63 billion were collected in life bancassurance (+6% y-o-y). Premiums collected in 2023 from individual contracts accounted for 91% of the total (vs 87% in 2022). Traditionally, most of the premium in life bancassurance came from insurance related to banking products - 55%. In turn, 33% were generated by investment products and 12% by stand-alone policies. According to the PIU report, a total of PLN 2.45 billion of life bancassurance premiums came from the sale of protection insurance (+6%), while GWP from investment policies amounted to PLN 1.18 billion (+5%).
PLN 2.34 billion were collected in non-life bancassurance, which is 4% more y-o-y. It is worth noting that this was the second-best result in recent years. Individual contracts accounted for 79% of non-life premiums.
*EUR 1 = PLN 4.34 (31.12.2023)
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