The Polish reinsurance segment recorded a stable compound annual growth rate (CAGR) of 7% during the review period (2008-2012). This growth was partly driven by the non-life insurance segment, which increased the share of written premium ceded to reinsurers. Poland was adversely affected by flooding in 2010 which resulted in huge insurance claims, encouraging insurance companies, especially those in the non-life segment, to utilize reinsurance services to minimize their losses from future natural disasters. As a result, the written premium of the Polish reinsurance segment increased from PLN493 million in 2008 to PLN646.7 million in 2012. Moreover, the percentage of non-life insurance premium ceded to reinsurers is expected to increase over the forecast period (2012-2017), from 14.6% in 2012 to 16.8% in 2017. This, coupled with the projected economic development and high frequency of natural disasters, is expected to drive the reinsurance segment to grow at a forecast-period CAGR of 4.9%.