Poland: bancassurance distribution's premiums volume increased by 22.9% y-o-y in 2021

21 April 2022 — Daniela GHETU
Gross written premium in the bancassurance channel amounted to PLN 6.83 billion (EUR 1.32 billion), up by 22.9% y-o-y, reported the Polish Chamber of Insurance in its latest quarterly report on bancassurance.

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.

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