Poland
STATISTICS: POLAND, 3Q2018: the decreasing popularity of the UL life insurance products pulled down the market
Polish insurers have collected premiums worth EUR 10.84 billion, which is about 1.2% more y-o-y, and paid claims totaling EUR 6.87 billion, most damages and liquidated damages being related to motor insurance.
20 December 2018Insurer PZU signs agreement with US advisory centre Atlantic Council
17 December 2018Stackhouse Poland completes specialist real estate broker acquisition
17 December 2018POLAND: insurance brokers have mediated GWP of EUR 1.7 billion in 2017
The total number of insurance brokers licensed in Poland at the end of 2017 was of 1,416. Throughout the year, 34 deletions from the register of insurance brokers were made, a Polish Financial Supervision Authority's Report on the condition of the brokerage market in 2017 shows.
13 December 2018STATISTICS: POLAND, 2008-2017 timeline: motor lines took over the trendsetter role after 2015
As the XPRIMM 10 years GWP timeline for Poland shows, the local insurance market needed about 10 years to regain and exceed its pre-crisis level: GWP of EUR 14.95 billion in 2017 vs. EUR 14.2 billion in 2008.
13 December 2018GENERALI completes the acquisition of CONCORDIA companies
Italian insurer GENERALI announced it entered into the final agreement to acquire full control of the Polish insurers CONCORDIA Capital (life insurance) and CONCORDIA Polska TUW (non-life insurance) from their German shareholders CONCORDIA Versicherung and Vereinigte Hagelversicherung.
5 December 2018Jacek JASTRZEBSKI is the new Chairman of the Polish Financial Supervision Authority
KNF- the Polish Financial Supervision Authority has announced the appointment of Jacek JASTRZEBSKI as Chairman of the market regulator, replacing Marek CHRZANOWSKI who resigned amid corruption allegations.
28 November 2018Bulgaria's Lev Ins planning to offer MTPL insurance in Poland
25 November 2018PZU Group, 3Q2018: the highest quarterly profit for 5 years and record GWP
In Q3 2018 the PZU Group recorded the highest quarterly net profit in the last five years. At Group level, the net profit reached PLN 1.56 billion (EUR 366.75 million) in Q3 and increased by 34.6% y-o-y, to PLN 3.9 billion (EUR 916.9 million) for the first three quarters.
21 November 2018Poland's PZU aims to increase dividend per share each year
19 November 2018POLAND: Societe Generale Sells Retail Banking Subsidiary
5 November 2018GENERALI to acquire Union Investment TFI in Poland
The Italian Group, GENERALI, has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100% stake in the Polish asset management company Union Investment TFI S.A., a move that will significantly strengthen GENERALI's presence in Poland.
24 October 2018Poland's PZU chief expects more domestic bank consolidation
10 October 2018POLAND: Unum completes acquisition of Poland's Pramerica
10 October 2018STATISTICS: POLAND, 1H2018: improved profitability in life insurance despite reduction in GWP
The largest insurance market in the CEE, Poland, ended1H2018 with GWP worth EUR 7.36 billion (PLN 32.12 billion). In local currency, the y-o-y comparison shows a positive rate growth of 1.7%. Yet, given the roughly 3% depreciation of the Polish zloty against Euro, the market results denominated in European currency show a market decrease of 1.4%.
4 October 2018POLAND: Acquisition of Pramerica Zycie TUiR SA by Unum Group complete
Unum Group completed its purchase of Pramerica Zycie TUiR SA ("Pramerica"), a financial protection provider in Poland that will support Unum's long-term growth strategy of protecting more people.
3 October 2018Poland: Full online access to the Insurance Guarantee Fund communication database
The full history of MTPL and Motor Hull insurance is now available online for every vehicle owner in Poland. In addition, all drivers - even if they are not the owners of the vehicle - can check their accidents history.
27 September 2018NN named Jacek KORONKIEWICZ as interim CEO of Nationale-Nederlanden Poland
The Dutch insurance group NN announced that as of 15 September, Jacek KORONKIEWICZ, currently CFO and COO of Nationale-Nederlanden Poland, heading the functions of Finance, Operations and Procurement, will act as interim CEO.
5 September 2018A.M. Best affirms credit ratings of Polskie Towarzystwo Reasekuracji S.A.
A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" of Polskie Towarzystwo Reasekuracji S.A. (POLISH Re) (Poland). The outlook of these Credit Ratings (ratings) remains stable.
27 August 2018Poland: ALLIANZ was the best rated insurer by customers in 1H2018
Allianz was the most recommended life and property insurance brand in Poland in the first half of 2018, a research carried out by GfK showed. The company achieved the highest Net Promoter Score (NPS) values both in life and non-life insurance.
6 August 2018
