According to data collected by the Polish Insurance Chamber (PIU), as of December 31, 2024, GWP in the banking channel was PLN 6.32 billion (~EUR 1.48 billion), which is 3% higher y-o-y (PLN 6.11 billion), and at the same time the second-best result since 2020 (in 2021 bancassurance amounted to PLN 6.83 billion), Gazeta Ubezpieczeniowa (Insurance Gazette) writes.

In 2024, Polish insurers paid out a record-breaking 50.3 billion PLN (EUR 11.76 billion) in claims and benefits, marking a 13.6% increase y-o-y. Notably, natural disaster-related payouts surged by 64.1% to 3.7 billion PLN (EUR 865 million), primarily due to floods and other extreme weather events. At the same time, gross written premiums rose by 8.9% y-o-y, to PLN 85.7 billion.

In the first quarter of this year, the price of third-party liability insurance for motor vehicle owners was on average PLN 118 higher than in the same period of 2024. In some regions, price increases even exceeded PLN 150, as data collected by Rankomat show, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.

Warta is consistently strengthening its market position, achieving the highest GWP in the property and life insurance segments in 2024 at over PLN 12.6 billion (~EUR 2.94 billion), which means an increase of 17% y-o-y. This is another record year for the Warta Group, the company said on its website.

UNIQA in Poland ended 2024 with total GWP of PLN 5.5 billion (~EUR 1.28 billion), which is 18.9% more y-o-y. The insurer recorded a 20.7% increase in the property and 11.2% in the life insurance segment. The group's gross profit in Poland (according to the IFRS17) amounted to PLN 371.3 million, which is the highest result in history, the company said.

Following the merger of the Polish life insurance companies belonging to Vienna Insurance Group (VIG) in autumn 2024, VIG is taking the next step to strengthen its local market positioning by acquiring a stake in Phinance – one of Poland's largest financial brokers.

The Polish insurance sector recorded an all-time high in motor insurance payouts in 2024, with insurers disbursing PLN 19.24 billion (EUR 4.4 billion) in claims from MTPL insurance and Motor own Damage (MoD) policies. This marks a PLN 3 billion increase compared with 2023, according to Insurance Guarantee Fund (UFG) as quoted by Gazeta Ubezpieczeniowadata.

The Polish Chamber of Insurance (PIU) has appointed Artur Dziekański as its new Spokesperson and Head of Communications. With extensive experience in corporate communications, financial reporting, and crisis management, Dziekański is set to enhance PIU’s public relations strategy and industry outreach.

The Polish Chamber of Insurance announced that the 12th edition of its Congress will be held on May 21–22 at the Sheraton Sopot Hotel. The motto of this year's Congress will be "Competitiveness".

According to Rankomat data, the average MTPL price in January was PLN 693 (EUR 164). The experts note that MTPL rates increased by 23%, and by 41% over the past two years, respectively. Despite this fact, insurers in the motor insurance segment are recording growing losses caused by increasingly high claim settlement costs, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.

ERGO Hestia has been awarded the prestigious Top Employer Polska 2025 certificate. This is the fourth title in a row, placing ERGO Hestia among the best employers in Poland, the company said in its press release.

According to data collected by Rankomat, last year MTPL prices increased by 25% compared to 2023. The experts believe that drivers will face further increases in 2025, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.

The largest CEE insurance market posted aggregate 3Q2024 GWP worth PLN 63.25 billion (EUR 14.75 billion), up by 9.6% y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). At the same time, claims and benefits paid by local insurers increased by 11% y-o-y to PLN 36.78 billion or EUR 8.58 billion.

Life GWP was up by 4% y-o-y to over PLN 17.7 billion (EUR 4.13 billion), while the non-life insurance segment increased by 11.95% to PLN 45.55 billion (EUR 10.6 billion).

In 3Q 2024, Polish insurers paid compensation and benefits worth PLN 36.8 billion (EUR 8.6 billion), by ~11.5% more y-o-y. However, claims paid for losses caused by violent weather and the effects of floods in southern Poland - increased by as much as 40% y-o-y, to PLN 2.3 billion, data collected by PIU – the Polish Chamber of Insurers show.

“Certainly, the future” – the new PZU Group strategy for 2025-2027 is based on 4 pillars that will strengthen PZU’s position as a leader in large-scale risk management and a partner that provides certainty in times of threats, the Group’s press release says.

The Polish Financial Supervision Authority (UKNF) has unveiled its supervisory priorities for 2025, with a significant emphasis on the insurance sector. These priorities aim to address emerging risks, enhance product quality, and strengthen market stability.

In 3Q 2024, insurers in Poland processed over 1.4 million claims under MTPL and motor own damage insurance (MoD). According to the data of the Insurance Guarantee Fund Information Centre, paid claims reached PLN 14.3 billion, including PLN 8.1 billion for MTPL and PLN 6.2 billion for MoD claims.

Poland's top insurer PZU reported a nearly 18% drop in its third-quarter profit due to a high number of claims for flood-related damages, though it still beat market expectations, REUTERS reported.

As Gazeta Ubezpieczeniowa (Insurance Gazette) reports, according to Warta's estimates, premium dynamics in corporate insurance in the first half of the year was at 111%. The insurer points out that this means stable growth.

Despite the unfavorable environment, the bancassurance sector in 1H2024 achieved one of the best results in recent years. This was primarily the effect of the bank distribution of property insurance, which achieved a double-digit increase in premiums, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.