Non-Life Insurance in Poland
Summary
Non-Life Insurance in Poland industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
- The Polish non-life insurance market recorded written premiums of $13.3 billion in 2023, representing a compound annual growth rate (CAGR) of 3.6% between 2018 and 2023.
- The motor segment accounted for the market's largest proportion in 2023, with total written premiums of $7 billion, equivalent to 52.3% of the market's overall value.
- The Polish non-life insurance market is experiencing significant growth, driven by rising awareness of the importance of insurance in safeguarding assets and mitigating financial risks. This heightened awareness has led to an increase in the number of active non-life insurance policies. According to the Polish Financial Supervision Authority, in 2023, the number of active non-life insurance policies in the country reached 160.6 million, an increase of 6.3% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Poland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Poland
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Poland non-life insurance market with five year forecasts by both value and volume
- What was the size of the Poland non-life insurance market by value in 2023?
- What will be the size of the Poland non-life insurance market in 2028?
- What factors are affecting the strength of competition in the Poland non-life insurance market?
- How has the market performed over the last five years?
- How large is Poland’s non-life insurance market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strategies of the leading players?
- 7.4. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. PZU SA
- 8.2. UNIQA Insurance Group AG
- 8.3. Towarzystwo Ubezpieczen I Reasekuracji Warta SA
- 8.4. Sopockie Towarzystwo Ubezpieczen Ergo Hestia SA
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Poland non-life insurance market value: $ billion, 2018-23
- Table 2: Poland non-life insurance market category segmentation: % share, by value, 2018-23
- Table 3: Poland non-life insurance market category segmentation: $ billion, 2018-23
- Table 4: Poland non-life insurance market geography segmentation: $ billion, 2023
- Table 5: Poland non-life insurance market value forecast: $ billion, 2023-28
- Table 6: Poland non-life insurance market share: % share, by value, 2023
- Table 7: PZU SA: key facts
- Table 8: PZU SA: Annual Financial Ratios
- Table 9: PZU SA: Key Employees
- Table 10: UNIQA Insurance Group AG: key facts
- Table 11: UNIQA Insurance Group AG: Annual Financial Ratios
- Table 12: UNIQA Insurance Group AG: Key Employees
- Table 13: Towarzystwo Ubezpieczen I Reasekuracji Warta SA: key facts
- Table 14: Towarzystwo Ubezpieczen I Reasekuracji Warta SA: Key Employees
- Table 15: Sopockie Towarzystwo Ubezpieczen Ergo Hestia SA: key facts
- Table 16: Sopockie Towarzystwo Ubezpieczen Ergo Hestia SA: Key Employees
- Table 17: Poland Size of Population (million), 2019-23
- Table 18: Poland Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 19: Poland GDP (Current Prices, $ Billion), 2019-23
- Table 20: Poland Inflation, 2019-23
- Table 21: Poland Consumer Price Index (Absolute), 2019-23
- Table 22: Poland Exchange Rate, 2018-23
- List of Figures
- Figure 1: Poland non-life insurance market value: $ billion, 2018-23
- Figure 2: Poland non-life insurance market category segmentation: $ billion, 2018-23
- Figure 3: Poland non-life insurance market geography segmentation: % share, by value, 2023
- Figure 4: Poland non-life insurance market value forecast: $ billion, 2023-28
- Figure 5: Forces driving competition in the non-life insurance market in Poland, 2023
- Figure 6: Drivers of buyer power in the non-life insurance market in Poland, 2023
- Figure 7: Drivers of supplier power in the non-life insurance market in Poland, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Poland, 2023
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Poland, 2023
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Poland, 2023
- Figure 11: Poland non-life insurance market share: % share, by value, 2023
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