Poland's insurance sector 2020 - A growing profitability and positive outlook

"The profitability of insurers operating in Poland has been growing steadily for a few years with ROAE exceeding 20% recently in both life and non-life segments" said Marcin Mazurek, director of Inteliace, during a press conference in Warsaw
 
WARSAW, Poland - Dec. 30, 2019 - PRLog -- "The profitability of insurers operating in Poland has been growing steadily for a few years with ROAE exceeding 20% in 1H 2019 in both life and non-life segments" said Marcin Mazurek, director of Inteliace Research, during a presentation of Inteliace's latest report, Insurance Market in Poland, 2019-2021.

Poland has the largest insurance sector in the CEE with nearly € 15 billion in premium written p.a. and a 40 % share in the CEE14 region. Premium in the non-life insurance segment in Poland jumped by 7% in 2018 and by 3% in 1H 2019, and it is expected to top PLN 42 billion by year end 2019. By contrast, the premium in the life segment continued to decline, falling by nearly 12% in 2018 and going down again by another 3% in 1H 2019.

Recent years have been particularly challenging for life insurers as the regulatory developments and disclosure rules have changed the way life products are distributed. This led also to significant changes in market shares as less adaptive players lost the business while more flexible players gained market share and reinforced their position. Increasing regulatory pressure has also triggered the market consolidation. After multiple M&A transactions recorded in 2018, there are new deals upcoming with the recently speculated withdrawal of AXA.

For more information on recent developments in the Polish insurance sector, please refer to the publication "Insurance Market in Poland, 2019-2021" at:
http://www.inteliace.com/en/00175_Insurance_market_in_Poland_2019_2021.html

About The Report
"Insurance Market in Poland, 2019-2021" is the latest update of our comprehensive publication about the banking sector in Poland. It describes the present market structure and recent trends in the market and also provides short-term estimates of key banking through 2021. When preparing this report, Inteliace Research responded to feedback received from its clients. Compared to the previous edition, it has been fully revised and updated.

About Inteliace Research
Inteliace Research is an independent consulting company that focuses on the financial markets in Central and Eastern Europe. Inteliace Research specializes in management consulting and custom research services, including market-entry strategies, product launches, and performance and benchmarking analyses.

During 2005–2019, Inteliace Research provided its products and services to more than 70 clients, including major CEE insurers and banks. To learn more about the company, visit Inteliace Research's webpage: www.inteliace.com.

Media Contact
Marcin Mazurek
***@inteliace.com
+48224086620
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Tags:Insurance
Industry:Insurance
Location:Warsaw - Warsaw - Poland
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