Boston, MA -- (SBWIRE) -- 06/25/2014 -- Large, resilient, and open to foreign majors, Poland remains the most important market in Central and Eastern Europe. Premiums will likely stagnate in 2014: however, many of the leading players will remain profitable. Meanwhile, consolidation of what are fairly fragmented competitive landscapes (in both major segments) continues.
As of mid-2014, it remains obvious that Poland is, with the possible exception of the Czech Republic, the largest market in Central and Eastern Europe and one which is too large to ignore. The previous data and comments from the leading insurance companies suggested that the boom in sales of single-premium insurance products to individuals had gone into reverse. Nevertheless, demand for other products remained resilient. Now it is clear that the life segment has stabilised. There is every chance that life insurance's role as a conduit for organised savings will continue to grow through the forecast period.
View Full Report Details and Table of Contents
In contrast to other countries in Central and Eastern Europe, premiums had been growing at respectable rates - and for most companies - in the non-life segment. A number of positive factors, such as higher prices and the introduction of new products, were at work. The implication is that difficult economic conditions have not had the impact that might have been expected. Many companies benefited from lower claims in 2012 relative to 2011. However, as has been well documented, flooding and natural catastrophes took their toll in H113. Mainly because of competitive pressures within the segment, we see no catalyst for non-life penetration to rise meaningfully from what is a fairly low level.
The consolidation of the sector continues. In early 2012, Talanx emerged as a new and significant force through its acquisition of Warta and Europa, from KBC and Getin Holding respectively. In mid-2012, VIG completed its acquisition of the specialist life insurer Polisa. VIG has also completed the integration of two of its...
The Poland Insurance Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.
BMI's Poland Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Polish insurance industry.
- Benchmark BMI's independent insurance industry forecasts for Poland to test other views - a key input for successful budgeting and strategic business planning in Poland's insurance market.
- Target business opportunities and risks in Poland through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
- Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
BMI Industry View
Summary of BMI's key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.
Individual analysis of both Life and Non-Life insurance sector developments and prospects across developed states and emerging markets - supported by BMI's global industry growth forecasts. This is followed by an in-depth evaluation of region- and country-specific trends, focusing on BMI's country-by-country market growth data.
Business Environment Ratings
BMI's Insurance Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (Life and Non-Life) in the insurance market.
The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Ratings products.
BMI Industry Forecasts
Historic data series (2008-2012) and forecasts to end-2018 for key industry and economic indicators (see list below) supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Financial Services research reports at Fast Market Research
You may also be interested in these related reports:
- Thailand Insurance Report Q3 2014
- Singapore Insurance Report Q3 2014
- United States Insurance Report Q3 2014
- India Insurance Report Q3 2014
- Indonesia Insurance Report Q3 2014
- China Insurance Report Q3 2014
- Malaysia Insurance Report Q3 2014
- Hungary Insurance Report Q3 2014
- Argentina Insurance Report Q3 2014
- South Korea Insurance Report Q3 2014