Poland Insurance Report Q2 2011: New research report available at Fast Market Research

March 22, 2011 - PRLog -- Key Insights On Poland's Insurance Sector

Writing in February 2011, this report uses actual published 2009 numbers. Also on the basis of figures published by the Polish Financial Supervision Authority (PFSA) for H110, we estimate that total premiums for the year amounted to PLN54.78bn. This includes non-life premiums of PLN21.93bn and life premiums of PLN32.86bn. In 2015, the corresponding figures are forecast to be PLN64.41bn, PLN31.95bn and PLN32.45bn. In terms of the key drivers that underpin our forecasts, we expect non-life penetration to rise from 1.54% of GDP in 2010 to 1.60% in 2015, and we forecast life density to rise from US$298 per capita to US$351 per capita over the same period.

At this stage it appears apparent to us that the Polish insurance market has weathered the global financial crisis and the subsequent fiscal problems for many countries in Europe rather well. The contraction of the life segment in 2009 came after a surge in 2008 and strong growth prior to that. The life market in Poland has grown by about 50% since 2005, in sharp contrast to other countries in Central and Eastern Europe. Growth in the non-life segment since 2005 has also been relatively high in comparison to other countries in the region.

Issues To Watch

PZU's Marketing Strategies

PZU is looking to halt the long-term decline in its market share by 2011. It hopes to do this with a number of pricing and marketing strategies, as well as by improving the levels of service it provides to its customers.

Contagion In Bond Markets

A key feature of 2009 was the rebound in investment income. In the event of volatility in bond markets in Central and Eastern Europe, it may be more difficult for Polish insurers to maintain levels of profitability in the coming year or so.

Pricing Pressures

Pricing appears to have remained reasonably firm across most lines in the non-life segment and for some operators in the life segment. Profitability could decline rapidly in the event that deterioration in investment income coincides with weaknesses in pricing.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/127239_poland_insurance_report...


Report Table of Contents:

Executive Summary
- Table: Overview Of Poland's Insurance Sector
- Key Insights On Poland's Insurance Sector
- Issues To Watch
SWOT Analysis
- Poland Insurance SWOT
- Poland Political SWOT
- Poland Economic SWOT
- Poland Business Environment SWOT
MetLife's Acquisition Of ALICO
- Table: ALICO At A Glance
- Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%)
- Table: ALICO - A Market Leader In Japan
- Table: MetLife's Acquisition Of ALICO
- Table: MetLife And ALICO Combined
Central And Eastern European Markets Overview
- Table: Non-Life Segment Premiums In Central And Eastern Europe
- Table: Life Segment Premiums In Central And Eastern Europe
Projections And Forecasts
- Table: Insurance Premiums, 2007-2015
- Projections And Drivers Of Growth
- Table: Growth Drivers, 2007-2015
Country Update
- Macroeconomic Outlook
- Table: Poland's GDP By Expenditure, 2006-2015
- Political Outlook
Insurance Business Environment Ratings
- Table: Poland's Insurance Business Environment Rating
- Table: Central And Eastern Europe Insurance Business Environment Ratings
Regional Context
- Table: Non-Life Premiums In A Regional Context, 2009
- Table: Life Premiums In A Regional Context, 2009
Major Players In Poland's Insurance Sector
- Table: Structure Of The Life Segment - Gross Written Premiums, H110
- Table: Ranking Of Life Companies By Gross Written Premiums, H109-H110 (PLNmn)
- Table: Structure Of Non-Life Segment - Gross Written Premiums, 9M10
- Table: Ranking Of Non-Life Companies By Gross Written Premiums, H109-H110 (PLNmn)
Analysis Of Regional Competitive Conditions
- Company Profiles
- Local Company Profiles
- Benefia
- Europa
- PZU
- Regional Company Profiles
- AEGON
- Allianz
- Aviva
- AXA    
- BNP Paribas/Cardif
- ERGO
- Eureko
- Generali
- GRAWE
- Groupama
- HDI-Gerling
- ING
- KBC Group
- MetLife ALICO
- Prudential Financial
- QBE
- RSA
- UNIQA
- Vienna Insurance Group
- Zurich
Country Snapshot: Poland Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 2000-2012
BMI Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.