Location map
author: OCHA/ ReliefWeb

- Central Europe;
- Neighbours: Slovakia, Czechia, Germany, Russia, Belarus, Ukraine.

- temperate with cold, cloudy, moderately severe winters with frequent precipitation;
- mild summers with frequent showers and thundershowers.

Natural hazards:
- destructive earthquakes;

Macro indicators
* 2018 estimates
Pop. density*:121.5people/km2
GDP*:492.2EUR billion

European Union:
EU member, since 2004

Currency: Zloty
Code: PLN
Since: 1994

Insurance market portfolio
* 2018 estimates
Overall Property*:11%
Overall Motor*:38%



POLAND: Bancassurance returns to growth

After a decline in the value of insurance sales in the banking channel recorded in 2022, last year there was several percent increase in bancassurance due to improved results from the distribution of policies by banks in both sectors, Gazeta Ubezpieczeniowa (Insurance Gazette) wrote.

POLAND: MTPL insurers record a technical loss for the first time since 2016

Due to the still low rates in TPL, the Polish motor segment recorded another decline in the technical result in 2023. Total motor insurance GWP amounted to EUR 6.5 billion, 8.5% up y-o-y. While GWP growth on the MoD line was of about 14%, on the MTPL class premiums went up by only 1.7% y-o-y.

Polish WDB and Brokers Union merge under the PIB Broker brand

The Polish brokerage companies WDB and Brokers Union, which merge and further operate under the PIB Broker brand. The new entity is part of the international team of PIB Group, one of the largest insurance intermediation groups in Europe, operating in 9 countries, generating revenues in excess of GBP 350 million from specialist insurance, Gazeta Ubezpieczeniowa wrote.

POLAND: Car Insurance Day on 1st of February

According to PIU data, at the end of Q3 2023, the number of active mandatory MTPL policies exceeded 27.7 million in Poland, while the number of settled claims reached 826 thousand, with an average claim amount of about PLN 9.5 thousand.

STATISTICS: Polish insurers' 3Q 2023 business expanded to EUR 12.5 billion

The largest CEE insurance market posted aggregate 3Q2023 GWP worth PLN 57.7 billion (EUR 12.5 billion), up by 9.4% 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 decreased by ~1.6% y-o-y to PLN 33 billion or EUR 7.1 billion.