Executive summary

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Scope

• This report provides a comprehensive analysis of the life insurance market in Poland:
• It provides historical values for the Polish life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in the Polish life insurance market, along with market forecasts until 2016
• 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 insurance products in Poland
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Poland for life insurance business
• It provides a detailed analysis of the reinsurance market in Poland and its growth prospects
• It profiles the top life insurance companies in Poland and outlines the key regulations affecting them

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Key highlights

• The steady growth in Polish life insurance written premiums was mainly due to the growth of group insurance product sales during the review period.
• Foreign life insurance companies are expected to continue generating the majority of the segment’s written premium value over the forecast period (2012–2016). There were 29 life insurers operating in Poland at the end of 2011, of which 22 were under majority foreign ownership.
• Polish life insurance is reliant on the bancassurance distribution channel for generating its largest share of written premiums. Polish insurers recognized bancassurance could provide an important and cost-effective channel for distributing life insurance during the review period.
• Poland’s current economic conditions, changing customer behaviors, supportive government regulation and intensive competitive pressure will be the key growth drivers for the Polish life insurance segment over the forecast period.
• A new pension law was introduced in Poland in May 2011, which reduces the contribution rate from second-pillar individual accounts that are managed by open pension funds (OFEs) from 7.3% of the employee’s monthly salary to 2.3%. The 5% reduction was diverted to newly created first-pillar accounts managed by Poland's social insurance institution (ZUS).
• Polish insurance law restricts companies by only allowing them to sell either life insurance or general insurance, which encourages most general insurance firms to establish separate life insurance subsidiaries. A number of secondary regulations became effective in relation to changing the Polish reinsurance directive and the separation of reinsurance companies in 2010.

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Reasons to buy

• Make strategic business decisions using in depth historic and forecast market data related to the Polish life insurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Polish life insurance market
• Assess the competitive dynamics in the life insurance market, 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 market and its impact on companies and the market's future

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 Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 Life Insurance Segment Outlook
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Individual general annuity insurance category
4.1.3 Individual marriage and birth insurance category
4.1.4 Individual unit-linked insurance category
4.1.5 Individual supplementary insurance category
4.1.6 Group life insurance category
4.1.7 Group superannuation insurance category
4.1.8 Group unit-linked insurance category
4.2 Life Insurance Growth Prospects by Individual and Group Policies
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 Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 E-Commerce Channel
5.5 Brokers Channel
5.6 Other Channels
6 Regulatory Policies
7 Porter’s Five Forces Analysis: Polish Life Insurance
7.1 Bargaining Power of Supplier: Low to Medium
7.2 Bargaining Power of Buyer: Low to Medium
7.3 Barriers to Entry: Low
7.4 Intensity of Rivalry: Medium
7.5 Threat of Substitutes: Low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by insurance segment, 2007–2016
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Polish Life Insurance Segment
9.3 Comparison of Top Five Insurers
9.3.1 Gross written premium
9.3.2 Net earned premiums
9.3.3 Gross claims
9.3.4 Reinsurance share of claims
9.3.5 Paid claims
9.4 Pzu Życie SA – Company Overview
9.4.1 Pzu ŻyciE SA – key facts
9.4.2 PZU Życie SA – key financials
9.5 Tunż Europa SA – Company Overview
9.5.1 Tunż Europa SA – key facts
9.5.2 Tunż Europa SA – key financials
9.6 Tunż Warta SA – Company Overview
9.6.1 Tunż Warta SA – key facts
9.6.2 Tunż Warta SA – key financials
9.7 ING Tunż SA – Company Overview
9.7.1 ING Tunż SA – key facts
9.7.2 ING Tunż SA – key financials
9.8 Aviva Tunż SA – Company Overview
9.8.1 Aviva Tunż SA – key facts
9.8.2 Aviva Tunż SA – key financials
9.9 Nordea Polska TU NA Życie SA – Company Overview
9.9.1 Nordea Polska TU NA Życie SA – key facts
9.9.2 Nordea Polska TU NA Życie SA – key financials
9.1 Paptunżir Amplico LIFE SA – Company Overview
9.10.1 Paptunżir Amplico LIFE SA – key facts
9.10.2 Paptunżir Amplico LIFE SA – key financials
9.11 TU Allianz Życie Polska SA – Company Overview
9.11.1 TU Allianz Życie Polska SA – key facts
9.11.2 TU Allianz Życie Polska SA – key financials
9.12 AXA Życie TU SA – Company Overview
9.12.1 AXA Życie TU SA – key facts
9.12.2 AXA Życie TU SA – key financials
9.13 Generali Życie TU SA – Company Overview
9.13.1 GENERALI ŻYCIE TU SA – key facts
9.13.2 Generali Życie TU SA – key financials
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend – The Warsaw Stock Exchange (WSE), Poland
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollar)
10.2.2 GDP per capita at constant prices (US dollar)
10.2.3 GDP at current prices (US dollar)
10.2.4 GDP per capita at current prices (US dollar)
10.2.5 GDP by key sectors
10.2.6 Agricultural net output at current prices (Polish zloty)
10.2.7 Agricultural net output at current prices (US dollar)
10.2.8 Agricultural net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Polish zloty)
10.2.10 Manufacturing net output at current prices (US dollar)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Polish zloty)
10.2.13 Mining, manufacturing and utilities at current prices (US dollar)
10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
10.2.15 Construction net output at current prices (Polish zloty)
10.2.16 Construction net output at current prices (US dollar)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Current account balance as a percentage of GDP
10.2.20 Exports as a percentage of GDP
10.2.21 Imports as a percentage of GDP
10.2.22 Exports growth
10.2.23 Imports growth
10.2.24 Annual average exchange rate (US$–PLN)
10.2.25 End-of-period exchange rate (US$–PLN)
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Female population as a percentage of the total population
10.5.6 Male population as a percentage of the total population
10.5.7 Mean age of the population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 Appendix
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer

List of tables

Table 1: Insurance Industry Definitions
Table 2: Polish Insurance Overall Written Premium by Segment (PLN Billion), 2007–2011
Table 3: Polish Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Polish Insurance Overall Written Premium by Segment (PLN Billion), 2011–2016
Table 5: Polish Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Polish Insurance Segmentation (% Share), 2007–2016
Table 7: Life Insurance Written Premium by Category (PLN Billion), 2007–2011
Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Life Insurance Written Premium by Category (PLN Billion), 2011–2016
Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Life Insurance – Earned Premium (PLN Billion), 2007–2011
Table 12: Life Insurance – Earned Premium (PLN Billion), 2011–2016
Table 13: Life Insurance – Sum Assured (PLN Trillion), 2007–2011
Table 14: Life Insurance – Sum Assured (PLN Trillion), 2011–2016
Table 15: Life Insurance – Paid Claims (PLN Billion), 2007–2011
Table 16: Life Insurance – Paid Claims (PLN Billion), 2011–2016
Table 17: Life Insurance – Incurred Loss (PLN Billion), 2007–2011
Table 18: Life Insurance – Incurred Loss (PLN Billion), 2011–2016
Table 19: Life Insurance – Loss Ratio (%), 2007–2011
Table 20: Life Insurance – Loss Ratio (%), 2011–2016
Table 21: Life Insurance – Commissions and Expenses (PLN Billion), 2007–2011
Table 22: Life Insurance – Commissions and Expenses (PLN Billion), 2011–2016
Table 23: Life Insurance – Combined Ratio (%), 2007–2011
Table 24: Life Insurance – Combined Ratio (%), 2011–2016
Table 25: Life Insurance – Frauds and Crimes (PLN Billion), 2007–2011
Table 26: Life Insurance – Frauds and Crimes (PLN Billion), 2011–2016
Table 27: Life Insurance – Total Assets (PLN Billion), 2007–2011
Table 28: Life Insurance – Total Assets (PLN Billion), 2011–2016
Table 29: Life Insurance – Total Investment Income (PLN Billion), 2007–2011
Table 30: Life Insurance – Total Investment Income (PLN Billion), 2011–2016
Table 31: Life Insurance – Retentions (PLN Billion), 2007–2011
Table 32: Life Insurance – Retentions (PLN Billion), 2011–2016
Table 33: Individual Life Insurance Category – Number of Active Policies (Thousand), 2007–2011
Table 34: Individual Life Insurance Category – Number of Active Policies, 2011–2016
Table 35: Individual Life Insurance Category – Written Premium (PLN Billion), 2007–2011
Table 36: Individual Life Insurance Category – Written Premium (PLN Billion), 2011–2016
Table 37: Individual General Annuity Category – Number of Active Policies (Thousand), 2007–2011
Table 38: Individual General Annuity Category – Number of Active Policies (Thousand), 2011–2016
Table 39: Individual General Annuity Category – Written Premium (PLN Billion), 2007–2011
Table 40: Individual General Annuity Category – Written Premium (PLN Billion), 2011–2016
Table 41: Individual Marriage and Birth Insurance Category – Number of Active Policies (Thousand), 2007–2011
Table 42: Individual Marriage and Birth Insurance Category – Number of Active Policies (Thousand), 2011–2016
Table 43: Individual Marriage and Birth Insurance Category – Written Premium (PLN Billion), 2007–2011
Table 44: Individual Marriage and Birth Insurance Category – Written Premium (PLN Billion), 2011–2016
Table 45: Individual Unit-Linked Insurance Category – Number of Active Policies (Thousand), 2007–2011
Table 46: Individual Unit-Linked Insurance Category – Number of Active Policies (Thousand), 2011–2016
Table 47: Individual Unit-Linked Insurance Category – Written Premium (PLN Billion), 2007–2011
Table 48: Individual Unit-Linked Insurance Category – Written Premium (PLN Billion), 2011–2016
Table 49: Individual Supplementary Category – Number of Active Policies (Thousand), 2007–2011
Table 50: Individual Supplementary Category – Number of Active Policies (Thousand), 2011–2016
Table 51: Individual Supplementary Category – Written Premium (PLN Billion), 2007–2011
Table 52: Individual Supplementary Category – Written Premium (PLN Billion), 2011–2016
Table 53: Group Life Insurance Category – Number of Active Policies (Thousand), 2007–2011
Table 54: Group Life Insurance Category – Number of Active Policies (Thousand), 2011–2016
Table 55: Group Life Insurance Category – Written Premium (PLN Billion), 2007–2011
Table 56: Group Life Insurance Category – Written Premium (PLN Billion), 2011–2016
Table 57: Group Superannuation Category – Number of Active Policies (Thousand), 2007–2011
Table 58: Group Superannuation – Number of Active Policies (Thousand), 2011–2016
Table 59: Group Superannuation Category – Written Premium (PLN Billion), 2007–2011
Table 60: Group Superannuation Category – Written Premium (PLN Billion), 2011–2016
Table 61: Group Unit-Linked Insurance Category – Number of Active Policies (Thousand), 2007–2011
Table 62: Group Unit-Linked Insurance Category – Number of Active Policies (Thousand), 2011–2016
Table 63: Group Unit-Linked Insurance Category – Written Premium (PLN Billion), 2007–2011
Table 64: Group Unit-Linked Insurance Category – Written Premium (PLN Billion), 2011–2016
Table 65: Individual Single-Premium Policies – Number of Active Policies (Thousand), 2007–2011
Table 66: Individual Single-Premium Policies – Number of Active Policies (Thousand), 2011–2016
Table 67: Individual Single-Premium Policies – Written Premium (PLN Billion), 2007–2011
Table 68: Individual Single-Premium Policies – Written Premium (PLN Billion), 2011–2016
Table 69: Individual Non-Single-Premium Policies – Number of Active Policies (Thousand), 2007–2011
Table 70: Individual Non-Single-Premium Policies – Number of Active Policies (Thousand), 2011–2016
Table 71: Individual Non-Single-Premium Policies – Written Premium (PLN Billion), 2007–2011
Table 72: Individual Non-Single-Premium Policies – Written Premium (PLN Billion), 2011–2016
Table 73: Group Single-Premium Policies – Number of Active Policies (Thousand), 2007–2011
Table 74: Group Single-Premium Policies – Number of Active Policies (Thousand), 2011–2016
Table 75: Group Single-Premium Policies – Written Premium (PLN Billion), 2007–2011
Table 76: Group Single-Premium Policies – Written Premium (PLN Billion), 2011–2016
Table 77: Group Non-Single-Premium Policies – Number of Active Policies (Thousand), 2007–2011
Table 78: Group Non-Single-Premium Policies – Number of Active Policies (Thousand), 2011–2016
Table 79: Group Non-Single-Premium Policies – Written Premium (PLN Billion), 2007–2011
Table 80: Group Non-Single-Premium Policies – Written Premium (PLN Billion), 2011–2016
Table 81: Life Insurance – Direct Marketing Commission Paid (PLN Billion), 2007–2011
Table 82: Life Insurance – Direct Marketing Commission Paid (PLN Billion), 2011–2016
Table 83: Life Insurance – Written Premium Through Direct Marketing (PLN Billion), 2007–2011
Table 84: Life Insurance – Written Premium Through Direct Marketing (PLN Billion), 2011–2016
Table 85: Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2007–2011
Table 86: Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2011–2016
Table 87: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 88: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 89: Life Insurance – Bancassurance Commission Paid (PLN Billion), 2007–2011
Table 90: Life Insurance – Bancassurance Commission Paid (PLN Billion), 2011–2016
Table 91: Life Insurance – Written Premium Through Bancassurance (PLN Billion), 2007–2011
Table 92: Life Insurance – Written Premium Through Bancassurance (PLN Billion), 2011–2016
Table 93: Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2007–2011
Table 94: Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2011–2016
Table 95: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 96: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 97: Life Insurance – Commission Paid to Agencies (PLN Billion), 2007–2011
Table 98: Life Insurance – Commission Paid to Agencies (PLN Billion), 2011–2016
Table 99: Life Insurance – Written Premium Through Agencies (PLN Billion), 2007–2011
Table 100: Life Insurance – Written Premium Through Agencies (PLN Billion), 2011–2016
Table 101: Life Insurance – New Policies Sold Through Agencies (Thousand), 2007–2011
Table 102: Life Insurance – New Policies Sold Through Agencies (Thousand), 2011–2016
Table 103: Life Insurance – Number of Agencies, 2007–2011
Table 104: Life Insurance – Number of Agencies, 2011–2016
Table 105: Life Insurance – E-Commerce Commission Paid (PLN Billion), 2007–2011
Table 106: Life Insurance – E-Commerce Commission Paid (PLN Billion), 2011–2016
Table 107: Life Insurance – Written Premium Through E-Commerce (PLN Billion), 2007–2011
Table 108: Life Insurance – Written Premium Through E-Commerce (PLN Billion), 2011–2016
Table 109: Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2007–2011
Table 110: Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2011–2016
Table 111: Life Insurance – Number of E-Commerce Distributors, 2007–2011
Table 112: Life Insurance – Number of E-Commerce Distributors, 2011–2016
Table 113: Life Insurance – Commission Paid to Brokers (PLN Billion), 2007–2011
Table 114: Life Insurance – Commission Paid to Brokers (PLN Billion), 2011–2016
Table 115: Life Insurance – Written Premium Through Brokers (PLN Billion), 2007–2011
Table 116: Life Insurance – Written Premium Through Brokers (PLN Billion), 2011–2016
Table 117: Life Insurance – New Policies Sold Through Brokers (Thousand), 2007–2011
Table 118: Life Insurance – New Policies Sold Through Brokers (Thousand), 2011–2016
Table 119: Life Insurance – Number of Brokers, 2007–2011
Table 120: Life Insurance – Number of Brokers, 2011–2016
Table 121: Life Insurance – Commission Paid to Other Channels (PLN Billion), 2007–2011
Table 122: Life Insurance – Commission Paid to Other Channels (PLN Billion), 2011–2016
Table 123: Life Insurance – Written Premium Through Other Channels (PLN Billion), 2007–2011
Table 124: Life Insurance – Written Premium Through Other Channels (PLN Billion), 2011–2016
Table 125: Life Insurance – New Policies Sold Through Other Channels (Thousand), 2007–2011
Table 126: Life Insurance – New Policies Sold Through Other Channels (Thousand), 2011–2016
Table 127: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 128: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 129: Polish Reinsurance Market Size by Category (PLN Billion), 2007–2011
Table 130: Polish Reinsurance Market Size by Category (US$ Billion), 2007–2011
Table 131: Polish Reinsurance Market Size by Category (PLN Billion), 2011–2016
Table 132: Polish Reinsurance Market Size by Category (US$ Billion), 2011–2016
Table 133: Polish Reinsurance Premium Ceded by Segment (PLN Billion), 2007–2011
Table 134: Polish Reinsurance Premium Ceded by Segment (US$ Billion), 2007–2011
Table 135: Polish Reinsurance Premium Ceded by Segment (PLN Billion), 2011–2016
Table 136: Polish Reinsurance Premium Ceded by Segment (US$ Billion), 2011–2016
Table 137: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 138: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 139: Polish Life Insurance – Leading Companies (% Share), 2007–2011
Table 140: Pzu Życie SA, Key Facts
Table 141: PZU Życie SA, Key Financials (PLN Thousand)
Table 142: Tunż Europa SA, Key Facts
Table 143: Tunż Europa SA, Key Financials (PLN Thousand)
Table 144: Tunż Warta SA, Key Facts
Table 145: Tunż Warta SA, Key Financials (PLN Thousand)
Table 146: ING Tunż SA, Key Facts
Table 147: ING Tunż SA, Key Financials (PLN Thousand)
Table 148: Aviva Tunż SA, Key Facts
Table 149: Aviva Tunż SA, Key Financials (PLN Thousand)
Table 150: Nordea Polska TU NA Życie SA, Key Facts
Table 151: Nordea Polska TU NA Życie SA, Key Financials (PLN Thousand)
Table 152: Paptunżir Amplico LIFE SA, Key Financials (PLN Thousand)
Table 153: TU Allianz Życie Polska SA, Key Facts
Table 154: TU Allianz Życie Polska SA, Key Financials (PLN Thousand)
Table 155: AXA Życie TU SA, Key Facts
Table 156: AXA Życie TU SA, Key Financials (PLN Thousand)
Table 157: Generali Życie TU SA, Key Facts
Table 158: Generali Życie TU SA, Key Financials (PLN Thousand)

List of figures

Figure 1: Polish Insurance Overall Written Premium by Segment (PLN Billion), 2007–2016
Figure 2: Polish Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Life Insurance Written Premium by Category (PLN Billion), 2007–2016
Figure 4: Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Life Insurance – Earned Premium (PLN Billion), 2007–2011
Figure 7: Life Insurance – Earned Premium (PLN Billion), 2011–2016
Figure 8: Life Insurance – Sum Assured (PLN Trillion), 2007–2011
Figure 9: Life Insurance – Sum Assured (PLN Trillion), 2011–2016
Figure 10: Life Insurance – Paid Claims (PLN Billion), 2007–2011
Figure 11: Life Insurance – Paid Claims (PLN Billion), 2011–2016
Figure 12: Life Insurance – Incurred Loss (PLN Billion), 2007–2011
Figure 13: Life Insurance – Incurred Loss (PLN Billion), 2011–2016
Figure 14: Life Insurance – Loss Ratio (%), 2007–2011
Figure 15: Life Insurance – Loss Ratio (%), 2011–2016
Figure 16: Life Insurance – Commissions and Expenses (PLN Billion), 2007–2011
Figure 17: Life Insurance – Commissions and Expenses (PLN Billion), 2011–2016
Figure 18: Life Insurance – Combined Ratio (%), 2007–2011
Figure 19: Life Insurance – Combined Ratio (%), 2011–2016
Figure 20: Life Insurance – Frauds and Crimes (PLN Billion), 2007–2011
Figure 21: Life Insurance – Frauds and Crimes (PLN Billion), 2011–2016
Figure 22: Life Insurance – Total Assets (PLN Billion), 2007–2011
Figure 23: Life Insurance – Total Assets (PLN Billion), 2011–2016
Figure 24: Life Insurance – Total Investment Income (PLN Billion), 2007–2011
Figure 25: Life Insurance – Total Investment Income (PLN Billion), 2011–2016
Figure 26: Life Insurance – Retentions (PLN Billion), 2007–2011
Figure 27: Life Insurance – Retentions (PLN Billion), 2011–2016
Figure 28: Life Insurance – Investment Portfolio (PLN Billion), 2007–2011
Figure 29: Life Insurance – Investment Portfolio (% Share), 2007 and 2011
Figure 30: Life Insurance – Penetration (% of GDP), 2007–2011
Figure 31: Life Insurance – Density, 2007–2011
Figure 32: Life Insurance – Number of Active Policies (Thousand), 2007–2011
Figure 33: Life Insurance – Number of Active Policies (Thousand), 2011–2016
Figure 34: Life Insurance – Premium Per Capita (PLN), 2007–2011
Figure 35: Individual Life Insurance Category – Number of Active Policies (Thousand), 2007–2011
Figure 36: Individual Life Insurance Category – Number of Active Policies (Thousand), 2011–2016
Figure 37: Individual Life Insurance Category – Written Premium (PLN Billion), 2007–2011
Figure 38: Individual Life Insurance Category – Written Premium (PLN Billion), 2011–2016
Figure 39: Individual General Annuity Category – Number of Active Policies (Thousand), 2007–2011
Figure 40: Individual General Annuity Category – Number of Active Policies (Thousand), 2011–2016
Figure 41: Individual General Annuity Category – Written Premium (PLN Billion), 2007–2011
Figure 42: Individual General Annuity Category – Written Premium (PLN Billion), 2011–2016
Figure 43: Individual Marriage and Birth Insurance Category – Number of Active Policies (Thousand), 2007–2011
Figure 44: Individual Marriage and Birth Insurance Category – Number of Active Policies (Thousand), 2011–2016
Figure 45: Individual Marriage and Birth Insurance Category – Written Premium (PLN Billion), 2007–2011
Figure 46: Individual Marriage and Birth Insurance Category – Written Premium (PLN Billion), 2011–2016
Figure 47: Individual Unit-Linked Insurance Category – Number of Active Policies (Thousand), 2007–2011
Figure 48: Individual Unit-Linked Insurance Category – Number of Active Policies (Thousand), 2011–2016
Figure 49: Individual Unit-Linked Insurance Category – Written Premium (PLN Billion), 2007–2011
Figure 50: Individual Unit-Linked Insurance Category – Written Premium (PLN Billion), 2011–2016
Figure 51: Individual Supplementary Category – Number of Active Policies (Thousand), 2007–2011
Figure 52: Individual Supplementary Category – Number of Active Policies (Thousand), 2011–2016
Figure 53: Individual Supplementary Category – Written Premium (PLN Billion), 2007–2011
Figure 54: Individual Supplementary Category – Written Premium (PLN Billion), 2011–2016
Figure 55: Group Life Insurance Category – Number of Active Policies (Thousand), 2007–2011
Figure 56: Group Life Insurance Category – Number of Active Policies (Thousand), 2011–2016
Figure 57: Group Life Insurance Category – Written Premium (PLN Billion), 2007–2011
Figure 58: Group Life Insurance Category – Written Premium (PLN Billion), 2011–2016
Figure 59: Group Superannuation Category – Number of Active Policies (Thousand), 2007–2011
Figure 60: Group Superannuation Category – Number of Active Policies (Thousand), 2011–2016
Figure 61: Group Superannuation Category – Written Premium (PLN Billion), 2007–2011
Figure 62: Group Superannuation Category – Written Premium (PLN Billion), 2011–2016
Figure 63: Group Unit-Linked Insurance Category – Number of Active Policies (Thousand), 2007–2011
Figure 64: Group Unit-Linked Insurance Category – Number of Active Policies (Thousand), 2011–2016
Figure 65: Group Unit-Linked Insurance Category – Written Premium (PLN Billion), 2007–2011
Figure 66: Group Unit-Linked Insurance Category – Written Premium (PLN Billion), 2011–2016
Figure 67: Individual Single-Premium Policies – Number of Active Policies (Thousand), 2007–2011
Figure 68: Individual Single-Premium Policies – Number of Active Policies (Thousand), 2011–2016
Figure 69: Individual Single-Premium Policies – Written Premium (PLN Billion), 2007–2011
Figure 70: Individual Single-Premium Policies – Written Premium (PLN Billion), 2011–2016
Figure 71: Individual Non-Single-Premium Policies – Number of Active Policies (Thousand), 2007–2011
Figure 72: Individual Non-Single-Premium Policies – Number of Active Policies (Thousand), 2011–2016
Figure 73: Individual Non-Single-Premium Policies – Written Premium (PLN Billion), 2007–2011
Figure 74: Individual Non-Single-Premium Policies – Written Premium (PLN Billion), 2011–2016
Figure 75: Group Single-Premium Policies – Number of Active Policies (Thousand), 2007–2011
Figure 76: Group Single-Premium Policies – Number of Active Policies (Thousand), 2011–2016
Figure 77: Group Single-Premium Policies – Written Premium (PLN Billion), 2007–2011
Figure 78: Group Single-Premium Policies – Written Premium (PLN Billion), 2011–2016
Figure 79: Group Non-Single-Premium Policies – Number of Active Policies (Thousand), 2007–2011
Figure 80: Group Non-Single-Premium Policies – Number of Active Policies (Thousand), 2011–2016
Figure 81: Group Non-Single-Premium Policies – Written Premium (PLN Billion), 2007–2011
Figure 82: Group Non-Single-Premium Policies – Written Premium (PLN Billion), 2011–2016
Figure 83: Polish Life Insurance Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 84: Life Insurance – Direct Marketing Commission Paid (PLN Billion), 2007–2011
Figure 85: Life Insurance – Direct Marketing Commission Paid (PLN Billion), 2011–2016
Figure 86: Life Insurance – Written Premium Through Direct Marketing (PLN Billion), 2007–2011
Figure 87: Life Insurance – Written Premium Through Direct Marketing (PLN Billion), 2011–2016
Figure 88: Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 89: Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 90: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 91: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 92: Life Insurance – Bancassurance Commission Paid (PLN Billion), 2007–2011
Figure 93: Life Insurance – Bancassurance Commission Paid (PLN Billion), 2011–2016
Figure 94: Life Insurance – Written Premium Through Bancassurance (PLN Billion), 2007–2011
Figure 95: Life Insurance – Written Premium Through Bancassurance (PLN Billion), 2011–2016
Figure 96: Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2007–2011
Figure 97: Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2011–2016
Figure 98: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 99: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 100: Life Insurance – Commission Paid to Agencies (PLN Billion), 2007–2011
Figure 101: Life Insurance – Commission Paid to Agencies (PLN Billion), 2011–2016
Figure 102: Life Insurance – Written Premium Through Agencies (PLN Billion), 2007–2011
Figure 103: Life Insurance – Written Premium Through Agencies (PLN Billion), 2011–2016
Figure 104: Life Insurance – New Policies Sold Through Agencies (Thousand), 2007–2011
Figure 105: Life Insurance – New Policies Sold Through Agencies (Thousand), 2011–2016
Figure 106: Life Insurance – Number of Agencies, 2007–2011
Figure 107: Life Insurance – Number of Agencies, 2011–2016
Figure 108: Life Insurance – E-Commerce Commission Paid (PLN Billion), 2007–2011
Figure 109: Life Insurance – E-Commerce Commission Paid (PLN Billion), 2011–2016
Figure 110: Life Insurance – Written Premium Through E-Commerce (PLN Billion), 2007–2011
Figure 111: Life Insurance – Written Premium Through E-Commerce (PLN Billion), 2011–2016
Figure 112: Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2007–2011
Figure 113: Life Insurance – New Policies Sold Through E-Commerce (Thousand), 2011–2016
Figure 114: Life Insurance – Number of E-Commerce Distributors, 2007–2011
Figure 115: Life Insurance – Number of E-Commerce Distributors, 2011–2016
Figure 116: Life Insurance – Commission Paid to Brokers (PLN Billion), 2007–2011
Figure 117: Life Insurance – Commission Paid to Brokers (PLN Billion), 2011–2016
Figure 118: Life Insurance – Written Premium Through Brokers (PLN Billion), 2007–2011
Figure 119: Life Insurance – Written Premium Through Brokers (PLN Billion), 2011–2016
Figure 120: Life Insurance – New Policies Sold Through Brokers (Thousand), 2007–2011
Figure 121: Life Insurance – New Policies Sold Through Brokers (Thousand), 2011–2016
Figure 122: Life Insurance – Number of Brokers, 2007–2011
Figure 123: Life Insurance – Number of Brokers, 2011–2016
Figure 124: Life Insurance – Commission Paid to Other Channels (PLN Billion), 2007–2011
Figure 125: Life Insurance – Commission Paid to Other Channels (PLN Billion), 2011–2016
Figure 126: Life Insurance – Written Premium Through Other Channels (PLN Billion), 2007–2011
Figure 127: Life Insurance – Written Premium Through Other Channels (PLN Billion), 2011–2016
Figure 128: Life Insurance – New Policies Sold Through Other Channels (Thousand), 2007–2011
Figure 129: Life Insurance – New Policies Sold Through Other Channels (Thousand), 2011–2016
Figure 130: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 131: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 132: Polish Life Insurance: Five Forces Analysis
Figure 133: Polish Reinsurance Market Size by Category (PLN Billion), 2007–2016
Figure 134: Polish Reinsurance Market Size by Category (% Share), 2011 and 2016
Figure 135: Polish Reinsurance Market Dynamics by Category, 2007–2016
Figure 136: Polish Reinsurance Premium Ceded by Segment (PLN Billion), 2007–2016
Figure 137: Polish Reinsurance Market Dynamics by Segment, 2007–2016
Figure 138: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 139: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 140: Polish Life Insurance – Leading Companies (% Share), 2007 and 2011
Figure 141: Top Five Polish Life Insurers – Gross Written Premium (PLN Billion), 2011
Figure 142: Top Five Polish Life Insurers – Net Earned Premium (PLN Billion), 2011
Figure 143: Top Five Polish Life Insurers – Gross Claims (PLN Billion), 2011
Figure 144: Top Five Polish Life Insurers – Reinsurance Share of Claims (PLN Billion), 2011
Figure 145: Top Five Polish Life Insurers – Paid Claims (PLN Billion), 2011
Figure 146: Warsaw Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 147: Polish GDP at Constant Prices (US$ Billion), 2007–2011
Figure 148: Polish GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 149: Polish GDP at Current Prices (US$ Billion), 2007–2011
Figure 150: Polish GDP Per Capita at Current Prices (US$), 2007–2011
Figure 151: Polish GDP by Key Sectors (%), 2009 and 2011
Figure 152: Polish Agricultural Net Output at Current Prices (PLN Billion), 2007–2011
Figure 153: Polish Agricultural Net Output at Current Prices (US$ Billion), 2007–2011
Figure 154: Polish Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 155: Polish Manufacturing Net Output at Current Prices (PLN Billion), 2007–2011
Figure 156: Polish Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 157: Polish Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 158: Polish Mining, Manufacturing and Utilities Net Output at Current Prices (PLN Billion), 2007–2011
Figure 159: Polish Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 160: Polish Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 161: Polish Construction Net Output at Current Prices (PLN Billion), 2007–2011
Figure 162: Polish Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 163: Polish Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 164: Polish Inflation Rate (%), 2007–2011
Figure 165: Polish Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 166: Polish Exports as a Percentage of GDP (%), 2007–2011
Figure 167: Polish Imports as a Percentage of GDP (%), 2007–2011
Figure 168: Polish Exports Growth (%), 2007–2011
Figure 169: Polish Imports Growth (%), 2007–2011
Figure 170: Polish Annual Average Exchange Rate (US$–PLN), 2007–2011
Figure 171: Polish End-of-Period Exchange Rate (US$–PLN), 2007–2011
Figure 172: Polish Number of Airports and Sea Ports, 2011
Figure 173: Polish Length of Railways and Roadways (Kilometers), 2011
Figure 174: Polish Passenger Vehicle Production, 2007–2011
Figure 175: Polish Commercial Vehicle Production, 2007–2011
Figure 176: Polish Automotive Component Exports (US$ Billion), 2007–2011
Figure 177: Polish Automotive Component Imports (US$ Billion), 2007–2011
Figure 178: Polish Passenger Car Penetration (per Thousand People), 2007–2011
Figure 179: Polish Healthcare Expenditure (US$ Billion), 2007–2011
Figure 180: Polish Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 181: Polish Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 182: Polish Internet Subscribers (Million), 2007–2011
Figure 183: Polish Labor Force Size (Million), 2007–2011
Figure 184: Polish Unemployment Rate (%), 2007–2011
Figure 185: Polish Annual Disposable Income (US$ Billion), 2007–2011
Figure 186: Polish Annual Per Capita Disposable Income (US$), 2007–2011
Figure 187: Polish Total Population Size (Million), 2007–2011
Figure 188: Polish Urban and Rural Population (%), 2007–2011
Figure 189: Polish Female Population as a Percentage of the Total Population (%), 2007–2011
Figure 190: Polish Male Population as a Percentage of the Total Population (%), 2007–2011
Figure 191: Polish Mean Age of Population (Year), 2007–2011
Figure 192: Polish Median Age of Population (Year), 2007–2011
Figure 193: Polish Population Density (per Square Kilometer), 2007–2011
Figure 194: Polish Population Distribution by Age Group (% Share), 2007–2011
Figure 195: Polish Male Population Distribution by Age Group (% Share), 2007–2011
Figure 196: Polish Female Population Distribution by Age Group (% Share), 2007–2011
Figure 197: Polish Number of Households (Million), 2007–2011
Figure 198: Global Terrorism Heat Map, 2011
Figure 199: Polish Transparency Index, 2007–2011