GWP for life insurance, for the bancassurance channel, amounted to PLN 4.2 billion (EUR 0.91 billion), up by 14% y-o-y, this distribution channel holding a 19% share in the intermediation structure of the life insurance segment. Out of the total life GWP, investment products accounted for PLN 1.9 billion, a fairly constant volume as compared with the previous year (-0.02%), while protection products totalized GWP worth PLN 2.35 billion, by 29.3% more y-o-y.
The bancassurance channel contributed to the non-life sector's GWP with PLN 2.6 billion (EUR 0.56 billion), 39.6% up y-o-y. The share of bancassurance distribution in the non-life premiums volume went up by about 1.2 percentage points, to 5.6%.
The full report is available on PIU's website here.