NewswireToday - /newswire/ -
London, United Kingdom, 2008/03/02 - Report Buyer added a new report showing that the Polish insurance industry, led by the life insurance sector, is growing rapidly.
Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report showing that the Polish insurance industry, led by the life insurance sector, is growing rapidly.
“Poland Insurance Market Forecast (2008-2012) reports that 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.
The report shows that investment-linked insurance products dominate the Polish life insurance sector. The premium generated from this segment is projected to grow at a CAGR of approx 33% during the forecast period (2008-2012).
It further shows that gross non-life insurance premium is expected to expand at a CAGR of around 7.6% from 2008 to 2012. This insurance market is mainly driven by the car insurance market.
Authors of the report note that the 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 as well, but they have yet to play a significant role in the Polish insurance market.
The report shows that the Polish insurance law restricts companies to sell both life and general insurance, which 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.
The major key players discussed in the report are Aegon, Allianz, Amplico-Life, PZU and Warta.
“Poland Insurance Market Forecast (2008-2012)” is available from Report Buyer. For more information, see website.
Report Buyer product ID: RCS00355
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