Life GWP amounted to PLN 18.29 billion (EUR 4.25 billion), up by 2.70% y-o-y, representing about 40% of the entire insurance market. Traditional life policies experienced a negative dynamic (-4.92% y-o-y to PLN 5.61 billion), while Unit-Linked products reported a double-digit growth rate: +10.22% to PLN 8.37 billion.
The non-life insurance segment generated a 21.68% increase in GWP (to PLN 27.85 billion / EUR 6.46 billion) - with impressive growth rates in both motor classes (MoD +17.25%, MTPL +34.64%) and stable results on other sub-segments.
KNF statistics also reveal that the amount of paid claims/indemnities during the period was PLN 29.59 billion (EUR 6.87 billion), representing an increase of 9.64% y-o-y.
The life and non-life market rankings as GWP was led by the two PZU units as follows: PZU ZYCIE SA generated 34.82% of the life insurance GWP, while PZU SA held a 33.18% share of the non-life sector.
Access www.xprimm.com and download the 3Q2017 Polish insurance market statistics.
Market portfolio (in EUR and PLN):
- Gross written premiums
- Paid claims
- Growth rates
- Life insurance ranking
- Non-life insurance ranking