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Summary of 2014-2015 key facts in the non-life insurance sector

Summary of 2014-2015 key facts in the non-life insurance sector

Dodano: 2016-09-20
Publikator: Polish Insurance Association

At the end of 2015, 30 insurance companies filed statistical and financial accounts with the Polish Insurance Association in respect of their non-life business. PZU maintained its leading position in the non-life segment. In 2015 the total value of the segment’s assets was PLN 77.2 billion. PZU Życie had a 46.7% share in this asset pool, which means a 0.8 pp (percentage point) decline as compared to the previous year. In 2015 PZU Życie’s premium income market share was 32.5%, which, as compared to the previous year, was an increase of 1.0 pp.

In 2015, the accumulated premiums written by the three and five largest insurers constituted, respectively, 59.3% and 69.9% of the total value of non-life written premiums. At the end of 2015, the total number of active non-life segment policies was 44.6 million, which was 89% of the figure for the previous year. In 2015, gross written premiums amounted to PLN 27.3 billion, which was PLN 1,016 million more than in the preceding year.

In 2015 the growth rate of gross written premiums was 103.9% of the respective value for 2014. PZU recorded a growth ratio of 107.2%. Among relatively large insurers, Hestia, Warta and PZU recorded a growth ratio in respect of gross written premiums at a level higher than average for the non-life segment.

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