STATISTICS: POLAND, FY2019: The largest CEE market reported positive rates and almost EUR 15 billion in aggregate GWP

2 April 2020 — Andrei Victor
The largest CEE insurance market reported positive dynamic in terms of premiums, according to the year-end figures from the Polish Financial Supervision Authority (KNF).

Thus, the Polish insurers' aggregate GWP was up by 2.67% y-o-y to PLN 63.83 billion (~EUR 14.98 billion) at the end of 2019, as the most recent financial indicators KNF showed.

Official figures also revealed that the amount of paid claims/indemnities during the period was PLN 40.86 billion (~EUR 9.59 billion), representing a decrease of almost 2% y-o-y.

The non-life insurance segment accounted for PLN 42.56 billion of the total GWP or 5.19% more y-o-y - except MTPL LoB (-1.69% y-o-y) all the main non-life subclasses reporting positive rates; the life-insurance companies contributed the remaining PLN 21.26 billion, which was almost half a million PLN less as compared with year-end 2018 - due the 14.5% decrease in GWP reported by Unit-linked products.

The local insurer PZU Zyce was the largest life insurer (40.35% market share), followed by AVIVA TUnZ (9.10% market share), and NN (7.22%). PZU was the biggest non-life insurer - market share of 30.63%, followed by ERGO HESTIA at 14.98% and WARTA, 14.17%.

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