Life Insurance Industry in Poland to 2017
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Life Insurance Industry in Poland to 2017

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Life Insurance Industry in Poland to 2017 Life Insurance Industry in Poland to 2017 Document Transcript

  • Life Insurance in Poland, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Polish life insurance segment, including: The Polish life insurance segment’s growth prospects by life insurance categories Key trends and drivers for the life insurance segment The various distribution channels in the Polish life insurance segment Detailed competitive landscape in the life insurance segment in Poland Detailed regulatory framework of the Polish insurance industry A description of the life reinsurance segment in Poland Porter's Five Forces Analysis of the life insurance segment Executive summary Poland is one of the fastest-growing economies in Central and Eastern Europe. The country’s life insurance segment registered a decrease in written premiums at a compound annual growth rate (CAGR) of -1.9% during the review period (2008–2012). This was primarily due to the global financial crisis in 2009 and the EU debt crisis in the following years. However, these events did not have a significant impact on the overall segment as it recovered after the global financial crisis, supported by the country’s stable economic development. Recovery was partly due to the growth of group insurance and unit-linked product sales. Over the forecast period, the life insurance segment is expected to benefit from the product innovations introduced by insurers, and changes in Poland’s social security and pension system which are likely to generate business for life insurance and savings products. Scope This report provides a comprehensive analysis of the life insurance segment in Poland: It provides historical values for the Polish life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period It offers a detailed analysis of the key sub-segments in the Polish life insurance segment, along with market forecasts until 2017 It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions It analyses the various distribution channels for life insurance products in Poland Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Poland for the life insurance business It provides a detailed analysis of the reinsurance segment in Poland and its growth prospects It profiles the top life insurance companies in Poland and outlines the key regulations affecting them Reasons to buy Make strategic business decisions using in depth historic and forecast market data related to the Polish life insurance segment and each category within it Understand the demand-side dynamics, key market trends and growth opportunities within the Polish life insurance segment Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment Identify the growth opportunities and market dynamics within key product categories Gain insights into key regulations governing the Polish insurance industry and its impact on companies and the market's future Key highlights Polish life insurance segment registered a decrease in written premiums at a compound annual growth rate (CAGR) of -1.9% during the review period (2008–2012). This was primarily due to the global financial Life Insurance in Poland, Key Trends and Opportunities to 2017
  • crisis in 2009 and the EU debt crisis in the following years The underdeveloped customer base provides attractive business opportunities for domestic and foreign insurers operating in Poland Cost-effective distribution channels to help product penetration The growing dependent population generating demand for life insurance products The Polish life insurance segment is regulated by the Polish Financial Supervisory Authority The Polish life insurance segment is highly concentrated, with the 10 leading life insurance companies together accounting for 82.2% of the segment’s written premiums in 2012 table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Polish Insurance Industry Attractiveness 3.1 Insurance Industry Size, 2008–2017 3.2 Key Industry Trends And Drivers 4 Life Insurance Outlook 4.1 Life Insurance Growth Prospects By Category 4.1.1 Individual Life Insurance 4.1.2 Individual General Annuity Insurance 4.1.3 Individual Marriage And Birth Insurance 4.1.4 Individual Unit-linked Insurance 4.1.5 Individual Supplementary Insurance 4.1.6 Group Life Insurance 4.1.7 Group Superannuation Insurance 4.1.8 Group Unit-linked Insurance 4.2 Life Insurance Growth Prospects By Product Type 4.2.1 Individual Single-premium Policies 4.2.2 Individual Non-single-premium Policies 4.2.3 Group Single-premium Policies 4.2.4 Group Non-single-premium Policies 5 Analysis By Distribution Channel 5.1 Direct Marketing Life Insurance in Poland, Key Trends and Opportunities to 2017
  • 5.2 Bancassurance 5.3 Agencies 5.4 E-commerce 5.5 Brokers 5.6 Other Channels 6 Porter’s Five Forces Analysis – Polish Life Insurance 6.1 Bargaining Power Of Supplier: Low To Medium 6.2 Bargaining Power Of Buyer: Low To Medium 6.3 Barriers To Entry: Low 6.4 Intensity Of Rivalry: Medium 6.5 Threat Of Substitutes: Low 7 Reinsurance Growth Dynamics And Challenges 7.1 Reinsurance Segment Size, 2008–2017 7.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017 8 Regulatory Policies 9 Competitive Landscape And Strategic Insights 9.1 Overview 9.2 Leading Companies In The Polish Life Insurance Segment 9.3 Comparison Of The Top Five Insurers 9.3.1 Gross Written Premium 9.3.2 Net Earned Premiums 9.3.3 Gross Claims 9.3.4 Loss Ratio 9.4 Pzu Å»ycie Sa – Company Overview 9.4.1 Pzu Å»ycie Sa – Key Facts 9.4.2 Pzu Å»ycie Sa – Key Financials 9.5 Benefia Tu Na Å»ycie Sa Vienna Insurance Group – Company Overview 9.5.1 Benefia Tu Na Å»ycie Sa Vienna Insurance Group – Key Facts 9.5.2 Benefia Tu Na Å»ycie Sa Vienna Insurance Group – Key Financials 9.6 Open Life Tu Å»ycie Sa – Company Overview 9.6.1 Open Life Tu Å»ycie Sa – Key Facts 9.6.2 Open Life Tu Å»ycie Sa – Key Financials 9.7 Tunż Warta Sa – Company Overview 9.7.1 Tunż Warta Sa – Key Facts 9.7.2 Tunż Warta Sa – Key Financials Life Insurance in Poland, Key Trends and Opportunities to 2017
  • 9.8 Tu Na Å»ycie Europa Sa – Company Overview 9.8.1 Tu Na Å»ycie Europa Sa – Key Facts 9.8.2 Tu Na Å»ycie Europa Sa– Key Financials 9.9 Aviva Tunż Sa – Company Overview 9.9.1 Aviva Tunż Sa – Key Facts 9.9.2 Aviva Tunż Sa – Key Financials 9.10 Ing Tunż Sa – Company Overview 9.10.1 Ing Tunż Sa – Key Facts 9.10.2 Ing Tunż Sa – Key Financials 9.11 Tu Allianz Å»ycie Polska Sa – Company Overview 9.11.1 Tu Allianz Å»ycie Polska Sa – Key Facts 9.11.2 Tu Allianz Å»ycie Polska Sa – Key Financials 9.12 Amplico Life Sa – Company Overview 9.12.1 Amplico Life Sa – Key Facts 9.12.2 Amplico Life Sa – Key Financials 9.13 Nordea Polska Tu Na Å»ycie Sa – Company Overview 9.13.1 Nordea Polska Tu Na Å»ycie Sa – Key Facts 9.13.2 Nordea Polska Tu Na Å»ycie Sa – Key Financials 10 Business Environment And Country Risk 10.1 Business Confidence 10.1.1 Market Capitalization Trend – Warsaw Stock Exchange, Poland 10.2 Economic Performance 10.2.1 Gdp At Constant Prices (us$) 10.2.2 Gdp Per Capita At Constant Prices (us$) 10.2.3 Gdp At Current Prices (us$) 10.2.4 Gdp Per Capita At Current Prices (us$) 10.2.5 Gdp By Key Segments 10.2.6 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$) 10.2.7 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp 10.2.8 Manufacturing Net Output At Current Prices (us$) 10.2.9 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 10.2.10 Mining, Manufacturing And Utilities At Current Prices (us$) 10.2.11 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp 10.2.12 Construction Net Output At Current Prices, (us$) 10.2.13 Construction Net Output At Current Prices As A Percentage Of Gdp 10.2.14 Inflation Rate 10.2.15 Exports As A Percentage Of Gdp 10.2.16 Imports As A Percentage Of Gdp 10.2.17 Exports Growth 10.2.18 Imports Growth 10.2.19 Annual Average Exchange Rate Pln–us$ Life Insurance in Poland, Key Trends and Opportunities to 2017
  • 10.3 Infrastructure 10.3.1 Commercial Vehicles Exports – Total Value 10.3.2 Commercial Vehicles Imports – Total Value 10.3.3 Automotive Exports – Total Value 10.3.4 Automotive Imports – Total Value 10.3.5 Total Internet Subscribers 10.4 Labor Force 10.4.1 Labor Force 10.4.2 Unemployment Rate 10.5 Demographics 10.5.1 Gross National Disposable Income (us$) 10.5.2 Household Consumption Expenditure (us$) 10.5.3 Total Population 10.5.4 Urban And Rural Population 10.5.5 Age Distribution Of The Total Population 11 Appendix 11.1 Methodology 11.2 Contact Timetric 11.3 About Timetric 11.4 Timetric’s Services 11.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Life Insurance in Poland, Key Trends and Opportunities to 2017