2014-03-17 14:46:02 - Non-Life Insurance in Poland, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
The Polish non-life insurance segment performed better as compared to the life insurance segment which declined at a CAGR of -1.9% during the review period, and continued to expand even during the global financial crisis in 2009. The written premium of the non-life segment increased from PLN18.1 billion (US$7.5 billion) in 2008 to PLN23.4 billion (US$7.2 billion) in 2012, at a review-period CAGR of 6.6%.
The growth in the segment was partly due to improved demand for property insurance, and the high frequency of natural disasters. The increase in insurance premium rates due to the severe flooding and forest fires in 2010, coupled with mandatory motor third-party liability insurance, supported the growth during the review period (2008â2012).
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