Poland
POLAND: Eight out of ten Poles believe that having insurance means maturity and responsibility
Nearly one quarter (23%) of respondents in the “Financial Portrait of Poles” study conducted by Maison&Partners for Business Insider and PKO BP have only compulsory insurance and do not intend to purchase any voluntary policy. On the other hand, 65% of respondents used various insurance products, including non-compulsory ones, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
21 May 2025POLAND: Rankomat: Poland has fewer road accident fatalities, but still too many
Eurostat data on the number of road accidents in Europe shows that Poland is in the top of the countries with the highest number of accidents. However, Rankomat experts point out, that based on the number of inhabitants Poland ranks 3rd with the lowest number of accidents per 100 thousand people, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
13 May 2025POLAND: PZU CEO Andrzej Klesyk sets out vision for growth, innovation, and market leadership, planning a bold overhaul
Returning as acting CEO of PZU after a 10 years break, Andrzej Klesyk brings with him not only international experience, but a decisive plan to reposition Poland's largest insurer for sustainable growth and restored market dominance.
30 April 2025POLAND: UNIQA recognized as the best insurance company in Poland
The jury of the competition of leaders of the global financial market awarded UNIQA the title of "Best Insurance Company in Poland", the press service of UNIQA reports.
22 April 2025POLAND: Bancassurance result in 2024 was one of the best over the past 5 years
According to data collected by the Polish Insurance Chamber (PIU), as of December 31, 2024, GWP in the banking channel was PLN 6.32 billion (~EUR 1.48 billion), which is 3% higher y-o-y (PLN 6.11 billion), and at the same time the second-best result since 2020 (in 2021 bancassurance amounted to PLN 6.83 billion), Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
15 April 2025STATISTICS: POLAND FY2024: floods and extreme weather events led to record-breaking claims payments
In 2024, Polish insurers paid out a record-breaking 50.3 billion PLN (EUR 11.76 billion) in claims and benefits, marking a 13.6% increase y-o-y. Notably, natural disaster-related payouts surged by 64.1% to 3.7 billion PLN (EUR 865 million), primarily due to floods and other extreme weather events. At the same time, gross written premiums rose by 8.9% y-o-y, to PLN 85.7 billion.
9 April 2025POLAND: Rankomat: The average price of third-party liability insurance rises 19.7% in the first quarter
In the first quarter of this year, the price of third-party liability insurance for motor vehicle owners was on average PLN 118 higher than in the same period of 2024. In some regions, price increases even exceeded PLN 150, as data collected by Rankomat show, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
8 April 2025POLAND: In 2024 UNIQA achieved record financial results on the Polish market
UNIQA in Poland ended 2024 with total GWP of PLN 5.5 billion (~EUR 1.28 billion), which is 18.9% more y-o-y. The insurer recorded a 20.7% increase in the property and 11.2% in the life insurance segment. The group's gross profit in Poland (according to the IFRS17) amounted to PLN 371.3 million, which is the highest result in history, the company said.
1 April 2025POLAND: Warta achieved the highest GWP in the property and life insurance segments in 2024
Warta is consistently strengthening its market position, achieving the highest GWP in the property and life insurance segments in 2024 at over PLN 12.6 billion (~EUR 2.94 billion), which means an increase of 17% y-o-y. This is another record year for the Warta Group, the company said on its website.
1 April 2025VIG further expands market presence in Poland: investment in one of the country's largest financial brokers
Following the merger of the Polish life insurance companies belonging to Vienna Insurance Group (VIG) in autumn 2024, VIG is taking the next step to strengthen its local market positioning by acquiring a stake in Phinance – one of Poland's largest financial brokers.
19 March 2025POLAND: Record EUR 4.4 billion in motor insurance payouts in 2024 amid rising claims and costs
The Polish insurance sector recorded an all-time high in motor insurance payouts in 2024, with insurers disbursing PLN 19.24 billion (EUR 4.4 billion) in claims from MTPL insurance and Motor own Damage (MoD) policies. This marks a PLN 3 billion increase compared with 2023, according to Insurance Guarantee Fund (UFG) as quoted by Gazeta Ubezpieczeniowadata.
4 March 2025Polish Chamber of Insurance appoints Artur Dziekański as new spokesperson
The Polish Chamber of Insurance (PIU) has appointed Artur Dziekański as its new Spokesperson and Head of Communications. With extensive experience in corporate communications, financial reporting, and crisis management, Dziekański is set to enhance PIU’s public relations strategy and industry outreach.
4 March 2025POLAND: Competitiveness is the main topic of the 12th PIU Congress
The Polish Chamber of Insurance announced that the 12th edition of its Congress will be held on May 21–22 at the Sheraton Sopot Hotel. The motto of this year's Congress will be "Competitiveness".
3 March 2025POLAND: MTPL losses are growing due to high claim settlement costs
According to Rankomat data, the average MTPL price in January was PLN 693 (EUR 164). The experts note that MTPL rates increased by 23%, and by 41% over the past two years, respectively. Despite this fact, insurers in the motor insurance segment are recording growing losses caused by increasingly high claim settlement costs, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
10 February 2025POLAND: ERGO Hestia is among the best employers for the fourth time
ERGO Hestia has been awarded the prestigious Top Employer Polska 2025 certificate. This is the fourth title in a row, placing ERGO Hestia among the best employers in Poland, the company said in its press release.
27 January 2025POLAND: Rankomat: last year MTPL prices increased by 25%
According to data collected by Rankomat, last year MTPL prices increased by 25% compared to 2023. The experts believe that drivers will face further increases in 2025, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
13 January 2025STATISTICS: POLAND, 3Q 2024: Steep increase in claims expenses following the autumn weather events
The largest CEE insurance market posted aggregate 3Q2024 GWP worth PLN 63.25 billion (EUR 14.75 billion), up by 9.6% 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 36.78 billion or EUR 8.58 billion.
Life GWP was up by 4% y-o-y to over PLN 17.7 billion (EUR 4.13 billion), while the non-life insurance segment increased by 11.95% to PLN 45.55 billion (EUR 10.6 billion).
Life GWP was up by 4% y-o-y to over PLN 17.7 billion (EUR 4.13 billion), while the non-life insurance segment increased by 11.95% to PLN 45.55 billion (EUR 10.6 billion).
18 December 2024POLAND, 3Q2024: Compensations paid for property insurance increased by 40% after the floods in southern Poland
In 3Q 2024, Polish insurers paid compensation and benefits worth PLN 36.8 billion (EUR 8.6 billion), by ~11.5% more y-o-y. However, claims paid for losses caused by violent weather and the effects of floods in southern Poland - increased by as much as 40% y-o-y, to PLN 2.3 billion, data collected by PIU – the Polish Chamber of Insurers show.
12 December 2024“Certainly, the future” – the PZU’s new strategy aiming to unleash the Group’s potential
“Certainly, the future” – the new PZU Group strategy for 2025-2027 is based on 4 pillars that will strengthen PZU’s position as a leader in large-scale risk management and a partner that provides certainty in times of threats, the Group’s press release says.
4 December 2024Polish market authority reveals its supervisory priorities for 2025
The Polish Financial Supervision Authority (UKNF) has unveiled its supervisory priorities for 2025, with a significant emphasis on the insurance sector. These priorities aim to address emerging risks, enhance product quality, and strengthen market stability.
4 December 2024
