The Polish brokerage companies WDB and Brokers Union, which merge and further operate under the PIB Broker brand. The new entity is part of the international team of PIB Group, one of the largest insurance intermediation groups in Europe, operating in 9 countries, generating revenues in excess of GBP 350 million from specialist insurance, Gazeta Ubezpieczeniowa wrote.

According to PIU data, at the end of Q3 2023, the number of active mandatory MTPL policies exceeded 27.7 million in Poland, while the number of settled claims reached 826 thousand, with an average claim amount of about PLN 9.5 thousand.

ERGO Hestia is among the best employers in Poland for the third year in a row. The insurer received the prestigious Top Employer Polska 2024 award, the company said in its statement.

By the end of September 2023, the number of customers covered by private health insurance continued to grow reaching almost 4.7 million, despite the inflation-driven increase in the prices, Gazeta Ubezpieczeniowa (Insurance Gazette) wrote.

The largest CEE insurance market posted aggregate 3Q2023 GWP worth PLN 57.7 billion (EUR 12.5 billion), up by 9.4% 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 decreased by ~1.6% y-o-y to PLN 33 billion or EUR 7.1 billion.

During 9M2023, insurers operating in Poland paid a total of PLN 12.07 billion (~EUR 2.61 billion) on MTPL and motor insurance. This is PLN 1.2 billion more than a year ago, when companies paid out PLN 10.83 billion, the Insurance Guarantee Fund reported in the latest Information Bulletin of the UFG Information Center, Gazeta Ubezpieczeniowa (Insurance Gazette) wrote.

Last year an increase in life bancassurance sales through banks was observed, while non-life bancassurance has still not returned to growth.

Data collected by the Samar Automotive Market Research Institute (IBRM) shows that during the first three quarters of 2023, 992,552 passenger cars and commercial vehicles with a total permissible weight of up to 3.5 tons were registered for the first time, Gazeta Ubezpieczeniowa writes.

The Polish insurance market remains the largest in Central and Eastern Europe. However, the penetration rate is 2.2%, ranking Poland 53^rd in the world, according to Swiss Re, as EMIS (ISI Emerging Markets Group) analysts noted in the "Poland Insurance Sector Report 2023-2024", Gazeta Ubezpieczeniowa writes.

TUW PZUW (Polski Zakład Ubezpieczen Wzajemnych) won the Insurance Stars ranking. The award was given at an event organized by the editorial office of "Dziennik Gazeta Prawna". The company ranked first among all insurance companies in Poland and among mutual insurance companies, Gazeta Ubezpieczeniowa reports.

Polish insurance market reported 1H2023 aggregate GWP worth PLN 40 billion (EUR 8.8 billion), 10% more y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority).

Vienna Insurance Group is consolidating its operations on the Polish market, which means that instead of the current six insurance companies, only three will operate. The aim is to make greater use of the Polish market potential as one of the key markets for the group, and to strengthen competitive position, Gazeta Ubezpieczeniowa wrote.

In the first half of the year, the dynamics of premium collection in corporate insurance reached 112%, which, compared with inflation, means at most maintaining the market at a very stable level, according to Warta's estimates, Gazeta Ubezpieczeniowa wrote.

TUW PZUW (Polski Zakład Ubezpieczen Wzajemnych), the largest mutual insurance company in Poland, has exceeded 600 members, which means this number doubled in less than four years. TUW PZUW has a 34% market share and is the only insurance company with an international rating (A-), Gazeta Ubezpieczeniowa reports.

In July, the average price of MTPL policy for owners of motor vehicles was PLN 518 (~EUR 117.46), while in the same period of 2022, it was PLN 497, which means that the current premium is 4.9% higher than a year ago, Gazeta Ubezpieczeniowa wrote based on the insurance report of RMF FM and Rankomat.

WARTA, a leading motor insurer in Poland, and Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, announced Warta4U, a connected insurance program that offers safe driving discounts. The program will begin by focusing on young drivers, providing them feedback on risk factors like speed, acceleration, braking, cornering, and phone distraction while driving.

In Poland insurers recorded another MTPL price reduction by the end of the first half of 2023. The average insurance premium decreased by 4.2% y-o-y and amounted to PLN 502 (~EUR 113), Gazeta Ubezpieczeniowa wrote based on the Rankomat data.

Thanks to the improvement in the insurance sector's solvency ratios observed in 2H2022, at the end of December the coverage ratio of the Solvency Capital Requirement with eligible own funds was 272% in life and 228% in non-life, which was more than at the end of June 2022, the "Financial Stability Report. June 2023" published by the National Bank of Poland said, Gazeta Ubezpieczeniowa wrote.

Polish insurance market reported Q1 2023 aggregate GWP worth PLN 20.12 billion (EUR 4.30 billion), 10.89% more y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). Claims and benefits paid by local insurers decreased by 2.46% y-o-y to PLN 11.25 billion (~EUR 2.40 billion) from PLN 11.53 billion a year before.

Dutch insurer Aegon announced the completion of the divestment of its businesses in Poland and Romania to Vienna Insurance Group for EUR 125 million.