2.1. Number of Insurance Companies in Poland, Headcount in Poland Insurance Sector,

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2 TABLE OF CONTENTS 1. Poland Insurance Market Introduction 2. Poland Insurance Market Structure 2.1. Number of Insurance Companies in Poland, Headcount in Poland Insurance Sector, Poland Life and Non-Life Insurance Market Size by Value, Poland Life and Non-Life Insurance Density, Premium Per Capita, USD, Poland Life and Non-Life Insurance Penetration, Premium as a % of GDP, Poland Insurance Market Segmentation by Product, and 6.1. Poland Motor Insurance Market Size by Value, Poland Health Insurance Market Size by Value, Poland Property Insurance Market Size by Value, Poland Insurance Competitive Landscape 7.1. Poland Life Insurance Competitive Landscape, 7.2. Poland Non-Life Insurance Competitive Landscape, 8. Poland Life and Non-Life Insurers Investment Portfolio, USD Million, Poland Insurance Premium Segmentation on the Basis of Distribution Channel, 9.1. Poland Group and Individual Life Insurance Premium Segmentation on the Basis of Distribution Channel, 9.2. Poland Non-Life Insurance Premium Segmentation on the Basis of Distribution Channel, 10. Poland Insurance Market Future Outlook 11. Appendix Market Definition Abbreviations Disclaimer 2

3 LIST OF FIGURES Figure 1: The Total Number of Insurance Companies in Poland, Figure 2: The Total Number of Employees in the Insurance Sector in Poland, Figure 3: Poland Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Figure 4: Poland Life and Non Life Insurance Density, Premium per Capita, in USD, Figure 5: Poland Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, Figure 6: Poland Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, Figure 7: Poland Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, Figure 8: Poland Motor Insurance Market Size in USD Million, on the basis of Gross Figure 9: Poland Health Insurance Market Size in USD Million, on the basis of Gross Figure 10: Poland Property Insurance Market Size in USD Million, on the basis of Gross Figure 11: Poland Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, Figure 12: Poland Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, Figure 13: Poland Life and Non-Life Insurers Investment Portfolio, in USD Million, Figure 14: Poland Group and Individual Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, Figure 15: Poland Non-Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, 3

4 LIST OF TABLES Table 1: The Total Number of Insurance Companies in Poland, Table 2: The Total Number of Employees in the Insurance Sector in Poland, Table 3: Poland Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Table 4: Poland Life and Non Life Insurance Density, Premium per Capita, in USD, Table 5: Poland Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, Table 6: Poland Motor Insurance Market Size in USD Million, on the basis of Gross Table 7: Poland Health Insurance Market Size in USD Million, on the basis of Gross Table 8: Poland Property Insurance Market Size in USD Million, on the basis of Gross Table 9: Poland Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, Table 10: Poland Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, Table 11: Poland Life and Non-Life Insurers Investment Portfolio, in USD Million,

5 POLAND LIFE AND NON-LIFE INSURANCE MARKET SIZE BY VALUE, In the forecasted period from to, the gross life insurance premium is expected to increase at a CAGR of ~%. The value would increase from USD ~ million in to USD ~ million in. Non-life insurance premium is also expected to increase from USD ~ million in to USD ~ million by at a CAGR of ~%. Total gross premium written is also likely to increase from USD ~ million in to USD ~ million in. The growth rate expected to achieve during this period is ~% Figure 1: Poland Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Gross Insurance Premium Written (USD million) 30,000 25,000 20,000 15,000 10,000 5, Life Insurance Non-Life Insurance POLAND LIFE AND NON-LIFE INSURANCE DENSITY, PREMIUM PER CAPITA, USD, Life insurance density is expected to increase from USD ~ in to USD ~ in, registering a CAGR of ~%. An increase of ~% is expected for non-life insurance density, resulting in an increased from USD ~ in to USD ~ in. Total insurance density in 5

6 Poland is also expected. The density would increase from USD ~ in to USD ~ in, at a growth of ~% Figure 2: Poland Life and Non Life Insurance Density, Premium per Capita, in USD, Premium per capita (USD) Life Insurance Density Non-Life Insurance Density POLAND INSURANCE MARKET SEGMENTATION BY PRODUCT, AND In the future, life insurance is expected to register decrease in its market share. The share of life insurance is expected to decrease from ~% in to ~% in. Even after decline in its expected share, life insurance would still be the leading contributor to the insurance industry. The share of motor insurance is also expected to decrease in the future. The share would decrease from ~% in to ~% in. The likely decrease in motor insurance is expected to increase the share of other non-life products. The share of other non-life is expected to increase from ~% in to ~% in. The market share of health and property insurance are unlikely to exhibit any major change till. The share is expected to reach ~% and ~% respectively by. 6

7 Figure 3: Poland Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, Life Motor Property Health Other non-life POLAND MOTOR INSURANCE MARKET SIZE BY VALUE, Motor insurance in Poland grew at a CAGR of ~% during The maximum increase in growth was registered in the year 2008, where the growth registered was ~%. The premium increased from USD ~ million in 2001 to USD ~ million in. By, motor insurance is likely to increase at a CAGR of ~% during the period from -. The premium is set to increase from USD ~ million in to USD ~ million in. 7

8 Figure 4: Poland Motor Insurance Market Size in USD Million, on the basis of Gross Gross Insurance Premium Written (USD million) 7,000 6,000 5,000 4,000 3,000 2,000 1, Motor Insurance POLAND INSURANCE COMPETITIVE LANDSCAPE POLAND LIFE INSURANCE COMPETITIVE LANDSCAPE, PZU Zycie with a share of ~% and gross insurance premium of USD ~ million is by far the biggest player operating in the Poland life insurance industry in. TUNZ Europa with a share of ~% is the second largest player, followed closely by TUNZ Warta with ~% of the market share. ING TUNZ is another major player operating in the region with a share of ~% and gross insurance premium of USD ~ million. The fifth largest player in the region is TU Allianz Zycie Polska with a share of ~%. Other prominent players operating in the region areaviva TUNZ, PAPTUnZiR Amplico Life, Nordea Polska TU na Zycie, Generali Zycie TU and Uuniqa TU na Zycie.. Other players operating in the region had a combined share of ~%. 8

9 Figure 5: Poland Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, PZU Zycie TUnZ EUROPA TUnZ WARTA ING TUnZ TU Allianz Zycie P olska Aviva TUnZ PAPTUnZiR Amplico L ife Nordea Polska TU na Zycie Generali Zycie TU Uuniqa TU na Zycie Others POLAND INSURANCE PREMIUM SEGMENTATION ON THE BASIS OF DISTRIBUTION CHANNEL, POLAND GROUP AND INDIVIDUAL LIFE INSURANCE PREMIUM SEGMENTATION ON THE BASIS OF DISTRIBUTION CHANNEL, Bancassurance was the largest and the most preferred distribution channel preferred by life insurance companies. Bancassurance dominated the distribution network with a share of ~% while, contributed ~% of the sales in Individual life insurance and ~% of the sales of group life insurance. Direct Writing was the second most preferred distribution channel with a share of ~% in total life insurance segment with ~% in individual life insurance and ~% in group insurance. Agents and brokers were another preferred channel with ~% and ~% of the share. Other distribution channel also contributed with ~% of the market share. 9

10 Figure 6: Poland Group and Individual Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, 100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Individual Insurance Group Insurance Total Life Direct Writing Agents Brokers Bancassurance Other 10

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