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RNCOS Releases a New Report - Poland Insurance Market Forecast (2008-2012)
RNCOS Releases a New Report - Poland Insurance Market Forecast (2008-2012)
RNCOS | 12 Jul 2008
RNCOS has recently added a new Market Research Report titled, "Poland Insurance Market Forecast (2008-2012)" to its report gallery. The report provides first-hand analysis of the Polish insurance sector and helps clients to analyze the leading-edge opportunities critical to the success of the insurance industry in Poland.
The forecast and estimation given in this report is not based on a complex economic model, but is a rough guide to the direction in which the market is likely to move.
Market Analysis
Led by the life insurance sector, the insurance industry in Poland is growing rapidly. Total life insurance premium in the country amounted to PLN 21 Billion in 2006. The non-life sector, on the other hand, grew more slowly, with total premiums in 2006 posting a rise of 4.85% in 2006 over a year earlier.
Insurance companies in Poland are either state-owned or private, and many are under control of international insurers. The country has some combined banking/insurance groups also, but they have yet to play a significant role in the Polish insurance market. The Polish insurance law restricts companies to sell both life and general insurance that has prompted most general insurance firms to establish separate life subsidiaries. Despite the entry of many foreign companies, public sector insurance companies still dominate the Poland’s insurance market.
Key Findings
- Gross life insurance premium in Poland is anticipated to grow at a CAGR of nearly 23.34% for the period spanning from 2008 to 2012.
- Bancassurance is gaining popularity in life insurance market of Poland.
- Investment-linked insurance products dominate the Polish life insurance market.
- The premium generated from this segment is projected to grow at a CAGR of approx 33% during the forecast period (2008-2012).
- In Poland, gross non-life insurance premium is expected to expand at a CAGR of around 7.6% from 2008 to 2012.
- Non-life insurance market was mainly driven by car insurance market.
- Motor insurance premium in the country is forecasted to hit a CAGR of 7.46% during 2008-2012.
- Booming real estate sector and mutual fund industry are two of the biggest challenges for the Polish insurance market.
Key Issues & Facts
- Where does Poland stands in context of Central and Eastern European market?
- Why Poland is considered an attractive insurance market?
- What are the growing insurance segments in Poland?
- What are the opportunities areas in the Polish insurance market?
- What are the key issues that need to be addressed?
- What initiatives the Polish government is taking to promote its insurance market?
Key Players
The major key players discussed in the report are Aegon, Allianz, Amplico-Life, PZU and Warta.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
For more information visit: http://rncos.com/Report/IM593.htm
Current Industry News: http://www.rncos.com/Blog/
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