Poland

Location:
- Central Europe;
- Neighbours: Slovakia, Czechia, Germany, Russia, Belarus, Ukraine.

Climate:
- temperate with cold, cloudy, moderately severe winters with frequent precipitation;
- mild summers with frequent showers and thundershowers.

Natural hazards:
- destructive earthquakes;

European Union:
EU member, since 2004

Currency: Zloty
Code: PLN
Since: 1994

Exchange rates at December 31st:

1 EUR = 4.3000 PLN (2018)
1 EUR = 4.1709 PLN (2017)
1 EUR = 4.4240 PLN (2016)
1 EUR = 4.2615 PLN (2015)
1 EUR = 4.2623 PLN (2014)
1 EUR = 4.1472 PLN (2013)
1 EUR = 4.0882 PLN (2012)
1 EUR = 4.4168 PLN (2011)
1 EUR = 3.9603 PLN (2010)

Sources:

Flag

source: Wikimedia Commons

Location map

author: OCHA/ReliefWeb

Statistics

Poland FY2018 Market Portfolio

Poland FY2018 Rankings

See all statistics

Latest news

POLAND: PZU Group successfully completed a pilot project of using A.I. in handling motor damage

Poland-based PZU Group announced that progress was realized on their PZU GO service, an innovative technology, which will support the insurer's employees and experts in motor claim handling. The time necessary for claim handling will be significantly shorten through the software.

2019-04-11

POLAND: The Management Board of PZU Zycie SA appointed for a new term

The Supervisory Board of PZU Zycie SA appointed the Management Board of the company, including its president Roman PALAC, for a new term, until December 31, 2022, the company said in an official statement.

2019-04-11

PZU starts using AI to handle motor insurance claims aiming for tenfold increase of process efficiency

PZU successfully completed a pilot project of using artificial intelligence (AI) in handling motor damage claims, the company announced in a press release. PZU is the first insurer in Poland to implement this unique technology on such a scale.

2019-03-28

STATISTICS: POLAND, FY2018: increased profitability despite a stagnating GWP level and increasing claims expenses

In 2018, Polish insurers paid almost PLN 42 billion (EUR 9.7 billion) to injured parties and clients. That's 4.7% more than a year earlier. On the other hand, GWP decreased vs. 2017, totaling some PLN 62.17 billion (~EUR 14.5 billion), representing a -3.29% reduction.

2019-03-28

The Polish Insurance Association opens a representative office in Brussels

On March 1 this year the Polish Insurance Association (PIU) opened its representative office in Brussels. Its aim is to actively participate in legislative work on the European forum and to represent the interests of the Polish insurance market.

2019-03-28

PZU Group, FY2018: the highest annual net profit for 5 years

In 2018, PZU recorded a profit of PLN 5.4 billion at Group level, while parent company profit was PLN 3.2 billion (+11.0%). Total GWP reached PLN 23.5 billion (+2.7%) in 2018.

2019-03-14

POLAND: KNF's head on regulator's goals

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2019-03-13

Arkadiusz GESICKI, appointed managing Director for Business Development at PZU

Arkadiusz GESICKI was appointed managing Director for Business Development at PZU, responsible for the Strategy and Design Office and the Business Development Office.

2019-03-07

POLAND: MAK Group and STBU brokers merge creating the first broker with over PLN 1 billion mediated premiums

The management boards of the MAK Group and STBU announced the two brokers will merge, creating the biggest player in the intermediation segment. In 2018, the aggregated volume of intermediated premiums exceeded PLN 1 billion, a historical record.

2019-03-07

POLAND: UFG published its annual rankings of insurer data quality

The Insurance Guarantee Fund of Poland (UFG) published its 8th annual review of data quality provided by insurance companies. According to UFG's ratings, PZU, TUW TUW, Link4, Compensa and Allianz were the top 5 insurers in 2018.

2019-03-07

VIG completes the acquisition of GOTHAER TU in Poland

Austrian insurer VIG expanded its non-life presence on the Polish market by acquiring 100% shares of GOTHAER Towarzystwo Ubezpieczen (Gothaer TU). The transaction was closed on 28th February 2019 following approval by the local authorities.

2019-03-05

VIG expands in Poland by acquiring stake in insurance association "TUW"

Vienna Insurance Group (VIG) has purchased the entire stake of France's MACIF-Group in TUW "TUW" through InterRisk Group company. This operation will increase the VIG's share in Polish non-life market to 7%, getting VIG closer to its 10% market share medium term goal.

2019-02-20

POLAND: platform for identifying insurance fraud launched by the Insurance Guarantee Fund

Aiming to help all market participants in revealing and preventing insurance fraud, the Polish Insurance Guarantee Fund (UFG) has launched a dedicated platform using advanced technologies.

2019-02-07

POLAND, 3Q2018: Bancassurance arrangements provided for 12.6% of the market GWP

The Polish bancassurance distribution channel provided for 12.6% of the total premium production of the local market in 3Q2018, i.e. for a GWP volume of PLN 5.8 billion.

2019-01-25

Poland: the financial markets' supervisory body reorganized as state legal entity

On 1 January 2019, further provisions of the Act of 9 November 2018 amending certain acts in connection with the strengthening of supervision over the financial market and investor protection on the Polish market entered into force.

2019-01-08

STATISTICS: POLAND, 3Q2018: the decreasing popularity of the UL life insurance products pulled down the market

Polish insurers have collected premiums worth EUR 10.84 billion, which is about 1.2% more y-o-y, and paid claims totaling EUR 6.87 billion, most damages and liquidated damages being related to motor insurance.

2018-12-20

Insurer PZU signs agreement with US advisory centre Atlantic Council

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2018-12-17

Stackhouse Poland completes specialist real estate broker acquisition

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2018-12-17

POLAND: insurance brokers have mediated GWP of EUR 1.7 billion in 2017

The total number of insurance brokers licensed in Poland at the end of 2017 was of 1,416. Throughout the year, 34 deletions from the register of insurance brokers were made, a Polish Financial Supervision Authority's Report on the condition of the brokerage market in 2017 shows.

2018-12-13

STATISTICS: POLAND, 2008-2017 timeline: motor lines took over the trendsetter role after 2015

As the XPRIMM 10 years GWP timeline for Poland shows, the local insurance market needed about 10 years to regain and exceed its pre-crisis level: GWP of EUR 14.95 billion in 2017 vs. EUR 14.2 billion in 2008.