The largest CEE insurance market posted aggregate 3Q2022 GWP worth PLN 57.7 billion (EUR 10.8 billion), up by 3.6% y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). At the same time, claims and benefits paid by local insurers increased by ~11% y-o-y to PLN 33.6 billion or EUR 6.9 billion.

Polish insurance companies may be forced to increase MTPL rates for the first time since 2017, given the constant increase in the claims expenses, Gazeta Ubezpieczeniowa wrote, quoting Rankomat, a local comparison website. In Q2 2022, the average value of motor vehicle damage reached PLN 8,769.5, 5.2% up y-o-y.

The value of insurance premiums collected by the PZU Group throughout the first three quarters of 2022 exceeded PLN 19 billion (~EUR 4.05 billion), 4.3% up y-o-y. In Q3 alone, GWP growth rate was the highest in a year (12.1% y-o-y), thanks to the rapidly growing sales of non-life insurance, motor insurance in particular.

Czech insurance broker INSIA becomes part of the Polish UNILINK group, as INSIA informed here. According to the statement, UNILINK Group has acquired 80% of INSIA from Marsh.

Czech insurance broker INSIA becomes part of the Polish UNILINK group, as INSIA informed here. According to the statement, UNILINK Group has acquired 80% of INSIA from Marsh.

In 2021, drivers of vehicles with foreign registration numbers caused 12.8 thousand accidents and collisions, according to the data of the Polish Motor Insurers' Bureau (PBUK). This was almost at the same level as a year before, but nearly a quarter less than two years ago, Gazeta Ubezpieczeniowa reports.

According to the CUK Ubezpieczenia data, MTPL average rate in Poland in September was 2.2% lower than in January. On the other hand, the average price of Motor Hull increased significantly (10%), Gazeta Ubezpieczeniowa reports.

Starting January 1, 2023, Artur BOROWINSKI will be the new President of the Management Board of one of the largest insurers in Poland - ERGO Hestia, replacing Piotr Maria SLIWICKI - which headed the company since the beginning of the company's operations - for more than 31 years.

At the end of September, the PZU SA Management Board adopted a resolution approving the acquisition of 14.2 million PKN Orlen shares - an oil company - from the State Treasury.

More and more Poles are reaching for the help of psychologists and psychiatrists. According to the data of Polish health insurer TU Zdrowie, the number of consultations provided in the first half of 2022 increased by almost 40% compared to the same period of the previous year.

According to the Polish Financial Supervision Authority (KNF) data, the local insurance market ended the first half of 2022 with GWP slightly under the 1H2021 level (-0.5% y-o-y). Thus, GWP reached EUR 7.57 billion. The stagnant status of the market was determined entirely by the life insurance segment which saw a 8.3% decrease in GWP. The results confirm the data previously released by the Polish Chamber of Insurance (PIU).

According to Polish Chamber of Insurance (PIU) data, the local insurance market ended the first half of 2022 with GWP slightly under the 1H2021 level (-0.5% y-o-y). Thus, GWP reached EUR 7.57 billion. The stagnant status of the market was determined entirely by the life insurance segment which saw a 8.3% decrease in GWP.

The new recommendations of the Polish Financial Supervision Authority (KNF), concerning the liquidation of motor insurance claims, which will come into force on November 1, 2022 may have a significant contribution to drive inflation in vehicle claims covered by MTPL insurance up to 19-27% in Q1 2023, analyst quoted by Gazeta Ubezpieczeniowa believe.

Vienna Insurance Group (VIG) appointed Anna Wlodarczyk-Moczkowska, ex-Wiener TU's CEO, as president of the management board of both Compensa insurance companies in Poland, replacing Artur Borowinski, who resigned on September 12, the Polish magazine Gazeta Ubezpieczeniowa reports.

Generali announced that it has reached an agreement with NN Group to buy the former MetLife pension business in Poland. The transaction is subject to customary closing conditions and is expected to close ultimately in the first quarter of 2023.

On August 29, the Board of the Polish Insurance Guarantee Fund elected Piotr Zadrozny, the president of the management board of TUZ Ubezpieczenia, as Chairman. Rafal Stankiewicz, vice-president of the board of Warta will continue to serve as Vice-Chairman.

Almost every third of the drivers that responded to the latest driver awareness survey organized by the Polish Chamber of Insurance (PIU) consider that speeding by 30 km/h is not dangerous despite being one of the main causes of road accidents, right after forcing the right of way.

Poland ranked 26th in Europe and 43rd in the world in the road infrastructure quality ranking. Among the European countries, Poland only overtook Bulgaria, Turkey, Romania, and Croatia. The quality of roads was better assessed in Slovakia, Hungary, Lithuania, and the Czech Republic, Gazeta Ubezpieczeniowa reports.

On July 18, the Polish Financial Supervision Authority (KNF) published the final version of its recommendations regarding claim settlement in motor insurance. This will replace the ones adopted in December 2014. It is expected that the recommendations will be applied by insurance companies no later than November 1, 2022, Gazeta Ubezpieczeniowa reports.

In the first half of 2022 the Polish market saw the largest reduction in MTPL prices since 2018. The average premium decreased by as much as 14.8% y-o-y to PLN 524 (EUR 111.72*). The average MTPL price is now 3% lower than the rate in the first half of 2016, Gazeta Ubezpieczeniowa reports.