The largest share in MTPL premiums was generated by domestic insurance companies. Over the first six months of this year, they collected PLN 8.34 billion, which is 94.22% of the total MTPL market and 9.66% more y-o-y.
The leader of the domestic insurance segment (and the entire market) is PZU SA, which collected a total of PLN 2.23 billion in MTPL from January to June (+5.84%). This amount is equal to 26.22% of the entire segment. Warta ranks second with PLN 1.87 billion (+10.19%), which is equal to 22.46% of the domestic insurance segment, followed by ERGO Hestia with PLN 1.5 billion (+14.84%). These three companies control over two-thirds of the domestic insurance segment, as their combined share is 66.71%.
It is noted that the first half of the year was a bad period for branches of foreign insurers. They collected a total of PLN 154.8 million, which is 13.94% less y-o-y. However, there was a completely different situation in the case of insurers operating under the EU freedom to provide services. Such companies collected PLN 357.52 million (+54.01%). At the end of June, the leader of among these companies was Euroins AD, which collected PLN 118.73 million (+18.28%). However, Zavarovalnica Triglav is already breathing down its neck. The Slovenian company grew by 106.42% in 12 months, achieving PLN 100.13 million in written premiums. Both companies controlled 33.21% and 28.01% respectively in the MTPL segment of insurers operating under the EU freedom to provide services, ranking 12th and 13th, among the largest players in the MTPL market of Poland.
*EUR 1 = PLN 4.32 (as of June 30)
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