NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/06/09 - Poland insurance industry is set to post double-digit growth during 2011-2014 on the back of rapidly growing economy and developing industrial, construction, and services sector, says RNCOS in its latest research report - RNCOS.com.
According to our new research report “Poland Insurance Market Forecast to 2014”, Poland is the seventh highest populated country in Europe, thus providing enormous base for the multinational and national insurance companies to expand their businesses in the country. The country’s insurance market has been registering high growth in the premiums for the past few years on the back of increasing ownership of automobiles and investment in real estate. Moreover, various government reforms, increasing foreign investment in insurance, and growth in nominal wages have improved performance of life as well as non-life products. Consequently, we anticipate that, the insurance market gross written premiums will record a astonishing CAGR of around 15% during 2011-2014.
Moreover, our team of experts has analyzed that, bancassurance is becoming quite popular and common in Poland. Presently, the trend of bancassurance is more common in life insurance products (particularly ULIPs, as banks get better fee income on these products) however in future, with the development of infrastructure, it will start penetrating into other life insurance and non-life insurance products also.
Additionally, we have found that, among the non-life insurance segments, motor insurance segment secures the largest share due to the increasing number of vehicle registration in Poland. Moreover, the government has made it mandatory for vehicle owners to take third party motor insurance policy, thus providing a further boost to the segment.
Further, we have segregated the country’s total insurance market into life and non-life segments. The life insurance segment is further divided into- traditional life insurance, unit-linked insurance, accident & sickness insurance and annuity insurance. While, the non-life insurance segment is divided into motor, property, and liability insurance segments.
Our report “Poland Insurance Market Forecast to 2014” provides detail analysis of Poland insurance industry. The report provides an extensive research and objective analysis of the market structure and demand potential. Moreover, the report thoroughly examines emerging market trends, such as pension funds, health insurance, export credit insurance, online insurance marketing, and so on to enable clients understands the market structure and its progress in coming years. Most importantly, the report has identified key players in the industry and presents their detail business description.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.