Poland
Poland: insurers will be able to consider also the driving penalties in each driver's history when underwriting MTPL
Starting June 17, Polish motor insurers will have access to information about fines and penalty points acquired by drivers, thus being able to consider driver's behavior as demonstrated by their penalties' history when calculating MTPL tariffs. Access to data will be possible through the tools of the Insurance Guarantee Fund.
16 June 2022Poland: lower incidence of motor insurance claims in the 1st quarter of 2022
In the first quarter of 2022, insurers paid a total of PLN 3.54 billion (approx.: EUR 0.77 billion) in claims from motor policies. Out the total, paid claims for MTPL insurance accounted for 57.6%, the Polish Chamber of Insurance said quoting data from the Information Centre of the Insurance Guarantee Fund.
9 June 2022POLAND: ERGO Hestia celebrated its 30th anniversary maintaining high profitability and technical result
Ergo Hestia, one of the largest insurers in the Polish insurance market, had its 30th anniversary in 2021 and a record result - the insurer achieved a very good net financial result (PLN 373 million), maintaining high profitability and technical result (PLN 434 million).
5 May 2022NN Group completes the acquisition of MetLife's businesses in Poland and Greece
On 22nd April, NN Group announced the completion of the acquisition of MetLife's businesses in Poland, following the approval obtained by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF) on 14 April 2022. NN Group completed the acquisition of MetLife's businesses in Greece on 31 January 2022.
27 April 2022POLAND: ERGO Hestia, Beesafe and Aviva awarded during the Gala of Banking and Insurance Leaders
On Thursday, April 21, 2022, the Banking and Insurance Leaders Gala was held at the Westin Hotel in Warsaw, which was the culmination of the spring edition of the Banking & Insurance Forum, Gazeta Ubezpieczeniowa informed being the main media partner of the event's insurance part.
27 April 2022Poland: bancassurance distribution's premiums volume increased by 22.9% y-o-y in 2021
Gross written premium in the bancassurance channel amounted to PLN 6.83 billion (EUR 1.32 billion), up by 22.9% y-o-y, reported the Polish Chamber of Insurance in its latest quarterly report on bancassurance.
21 April 2022Changes in the ERGO HESTIA Management Board
ERGO HESTIA, one of the largest insurers in Polish insurance market announced that, after 31 years, its Vice President - Grzegorz SZATKOWSKI will leave the company.
24 March 2022STATISTICS: POLAND, FY2021: positive evolution, mainly supported by the non-life business lines
The Polish insurance market saw a 9.5% y-o-y increase in the total GWP, to EUR 15.05 billion. Paid claims increased at a lower pace, reaching EUR 8.98 billion, 4.5% more y-o-y. The non-life sector, in particular the property and motor insurance lines provided for most of the market's business growth.
24 March 2022POLAND: PZU and BOS are now partners in green bancassurance
PZU Group, the largest financial institution in Poland and CEE with the first insurance company established in Poland, on March 21 signed a letter of intent with Bank Ochrony Srodowiska on establishment of the strategic cooperation in bancassurance, Gazeta Ubezpieczeniowa reports.
23 March 2022POLAND: The increase in life insurance premiums and claims is one of the effects of the pandemic
The pandemic has caused an increase in both interest in life insurance and payments from this type of compensation, said Marcin TARCZYNSKI, an analyst of the Polish Chamber of Insurance, Gazeta Ubezpieczeniowa reports.
8 February 2022STATISTICS: Polish insurers posted Q3 aggregate profits of over EUR 1 bn
Polish insurance market totaled PLN 50.9 billion (EUR 10.9 billion) at the end of September 2021, up by almost 7% y-o-y, according to the quarterly market figures published by The Polish Financial Supervision Authority (KNF). Claims and benefits paid by local insurers increased by 2.9% y-o-y to PLN 30.2 billion or ~EUR 6.5 billion.
19 January 2022POLAND: Europ Assistance Polska sums up the last year
During the 25th year of Europ Assistance's operations in Poland, the company's service volumes returned to pre-pandemic levels, and in some areas, the operator of assistance services handled even more cases than in the period before Covid-19.
17 January 2022POLAND: the pandemic increased demand for life and health insurance as well as travel insurance and telemedicine
The pandemic led to an over half-million increase in the number of individual life policies and lower interest in group contracts, Gazeta Ubezpieczeniowa reports referring to the data of the Polish Financial Supervision Authority.
10 January 2022POLAND: Bancassurance in a strong uptrend
According to data collected by the Polish Insurance Association (PIU), as at September 30, 2021, GWP through the banking channel reached PLN 5.21 billion, 26% more y-o-y (~EUR 1.12 billion*).
15 December 2021Poland and Greece: NN Group obtains EC competition clearance to acquire MetLife's businesses
NN Group announces that it has obtained competition clearance from the European Commission to acquire MetLife's business activities in Poland and Greece. The intended acquisition was announced on 5 July 2021.
13 December 2021POLAND: Inteliace Research: The Polish insurance market will grow
The insurance market in Poland (GWP) will increase in 2023 to PLN 76.5 billion (~EUR 16.6 billion*). This year the market will grow by 7%, to PLN 67.7 billion (vs PLN 63.4 billion in 2020). The prospects for insurers operating in Poland remain "mostly positive", said the experts from Inteliace Research, Gazeta Ubezpieczeniowa reports.
7 December 2021POLAND: PZU Group: record sales results - after 3Q exceeded the threshold of PLN 18 billion in GWP
More than two and a half times increase in net profit y-o-y, historically high GWP, nearly 18% return on equity - these are the most impressive achievements of the PZU Group in the first three quarters of this year, Gazeta Ubezpieczeniowa reports.
22 November 2021POLAND: S&P Global Ratings rated PZU at A-
On November 3, S&P Global Ratings affirmed the rating of the PZU Group at A- with a stable outlook. According to the agency, the company maintained good financial results and a stable capital position, and the group's dominant market position, recognizable brand and diversified structure will allow for continued growth, both on local and foreign markets, Gazeta Ubezpieczeniowa reports.
8 November 2021POLAND: Saltus Insurance: the number of people covered by health insurance increased by 14%
Every year Poles choose personal insurance more and more, thus the number of people covered by health insurance increased by 14% as of now, and the number of group contracts for life protection increased by 6%. About 3.5 million people are using health insurance policies and almost 12 million are covered by group life insurance, Gazeta Ubezpieczeniowa reports.
1 November 2021Generali Poland has a new CFO
Beata SIWCZYNSKA-ANTOSIEWICZ is the new Generali Poland CFO, Generali CEE Holding announced in a statement on its website. She takes up the position of Member of the Management Board of Generali Poland as well.
20 October 2021
