Polish insurers paid out almost PLN 40 billion (EUR 9.33 billion) in claims and benefits in 3Q 2025, up 8.4% y-o-y, reflecting steady growth in both the number of insured persons and gross written premiums, according to data released on 5 December 2025 by Polish Insurance Association (PIU).

Key figures at a glance
 

• Claims and benefits: PLN 39.8 billion (EUR 9.33 billion)
  • Life insurance: PLN 13.1 billion (+7.5% y/y) (EUR 3.06 billion)
  • Non-life insurance: PLN 26.8 billion (+8.8% y/y) (EUR 6.27 billion)
• Gross written premiums: PLN 66 billion (EUR 15.45 billion)
  • Life: PLN 18.3 billion (+3.6% y/y) (EUR 4.3 billion)
  • Non-life: PLN 47.6 billion (+4.6% y/y) (EUR 11.16 billion)
• Investments:
  • PLN 109.5 billion in bonds and other fixed-income securities
  • PLN 21 billion in equities and other variable-income instruments
• Corporate income tax paid: PLN 1.7 billion (+36% y/y)

By the end of Q3 2025, life insurers covered 25.4 million policies, with over 14.2 million people insured under group schemes—a segment that expanded by 21% year on year and recorded more than 5% premium growth.

However, overall life premium growth remained modest due to a sharp decline of more than PLN 700 million in bancassurance sales, historically a key distribution channel. Regulatory changes reduced bancassurance’s share in life insurance by 4.5 percentage points y-o-y.

PIU President Jan Grzegorz Prądzyński stressed that insurers could play a much larger role in building long-term savings in Poland, noting that life insurance penetration stands at just 0.7% of GDP, compared with an EU average of 3.9%. He highlighted the need for stable tax incentives and financial education to unlock this potential.

Motor insurance remained the largest segment of the non-life market:
 

• Motor third-party liability (MTPL): GWP worth EUR 3.3 billion (+9% y/y), claims of EUR 2.2 billion in claims (+6.7% y/y)
• Motor hull (CASCO): ): GWP worth EUR 2.52 billion (+5.4% y/y), claims of EUR 1.6 billion in claims (+7.75% y/y)

The average MTPL premium rose moderately to PLN 553 (+3.8% y/y), while the average MTPL claim jumped by 14%, exceeding PLN 12,000. Despite claims inflation, pricing pressure kept premium increases relatively subdued, while lower claim frequency supported a positive technical result.

Property insurance saw GWP increasing by 2.5% y-o-y, to EUR 2.19 billion, while claims reached EUR 1.1 billion, 11.47% up y-o-y, partly due to payouts related to agricultural insurance following spring losses. The medium-term outlook for corporate and large-risk property insurance remains tied to Poland’s investment cycle, which is currently supported by optimistic macroeconomic forecasts.

In the first nine months of 2025, insurers generated over PLN 10.5 billion in net profit and paid PLN 1.7 billion in corporate income tax. Net profit rose by 4.8% in life insurance and by a strong 40% in non-life, underpinning solid capital positions and high solvency ratios across the sector.

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