This report is the latest full update of comprehensive publication on the insurance sector in Poland. It describes the present market structure and recent trends in the insurance market. It also provides estimates of insurance premium growth expected for the years 2024-2026.
As of H1 2024, Poland, with nearly €19.2 billion in gross written premiums (GWP), accounted for approximately 39% of the total regional premium in Central and Eastern Europe. (CEE14*)
Poland’s insurance sector experienced solid premium growth in 2023, with these trends continuing through the first half of 2024. The non-life segment performed particularly well, with premiums increasing by 12% year-on-year in H1 2024. In the life insurance segment, growth was lower but still significant, with premiums rising nearly 5% on an annual basis. Consistent with long-term trends, a small number of top insurers continue to expand their market share, while the collective share of smaller players is declining. This trend is likely driven by recent mergers and acquisitions (M&A) and the economies of scale enabling larger insurers to offer more competitive rates.
The mid-term outlook for premium income remains positive. Projections suggest that from 2024 to 2026, the nominal growth of gross written premium (GWP) will remain stable, albeit slightly below historical averages, at approximately 8% for the non-life segment and 5% for the life segment. By 2026, combined life and non-life insurance premiums are expected to exceed PLN 98 billion (EUR 23+ billion).
Table of Contents
Companies Mentioned
- Allianz Życie Polska S.A.
- Aviva
- Compensa Tunż S.A.Vienna Insurance Group
- Concordia Polska Tuw
- Generali Tu S.A.
- Hdi Asekuracja Tu S.A
- Link4 Tu S.A.
- Metlife
- Mtu Moje Towarzystwo Ubezpieczeń
- Nationale Nederlanden Tunż S.A.
- Pzu S.A.
- Pzu Życie S.A.
- Stu Ergo Hestia S.A.
- Stunż Ergo Hestia S.A.
- Tu Allianz Polska S.A.
- Tu Compensa S.A.
- Tu Europa S.A.
- Tuir Warta S.A.
- Tunż Europa S.A.
- Tunż Warta S.A.
- Uniqa Tu Na Życie S.A.
- Uniqa Tu S.A.
