Poland Insurance Report - Business Monitor International - Industry Reports

Poland Insurance Report

Poland Insurance Report - Business Monitor International - Industry Reports
Poland Insurance Report
Published Aug 13, 2016
63 pages — Published Aug 13, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Two demographic trends will have a direct impact upon the life sector. One is a reversal of net outward migration due to Poland s rapidly improving economy, while the other is the growing pensionable age population, which act as drivers for growth in the life insurance segment. ...One is a reversal of net outward migration due to Poland s rapidly improving economy, while the other is the growing pensionable age population, which act as drivers for growth in the life insurance segment. Rising life expectancy is also a key driver for growth in the segment - it indicates an ageing population that is able to work for longer and, therefore, contribute more to retirement and long-term, later in life savings products. As part of Poland s wider structural reforms, the government will raise the retirement age to -- for men and women, up from -- and -- respectively. ...This category is an important watershed for the insurance sector, representing a middle class income level at which many households are able to utilise disposable income for retirement savings and investments. The high income bracket, over USD--,---, is also expanding which indicates higher demand for investment linked products.

...There are some potential downside risks to our current forecasts for steady growth in Poland s life insurance sector. A major escalation of trade bans by Russia in retaliation for EU-imposed sanctions could weaken export growth, which in turn would impact economic growth forecasts, hampering increases in household income and dampening demand for a range of life insurance products. ...A major escalation of trade bans by Russia in retaliation for EU-imposed sanctions could weaken export growth, which in turn would impact economic growth forecasts, hampering increases in household income and dampening demand for a range of life insurance products. Political changes following the October ---- elections are also impacting Poland s relationship with the EU and could have negative implications for foreign investors, particularly banking and retail chains, which could undermine the regulatory environment and lessen confidence in long-term savings and other life products. We also note some potential threat from the UK s decision to leave the EU following the June ---- referendum which is expected to impact upon economic growth throughout the region. ...We also note some potential threat from the UK s decision to leave the EU following the June ---- referendum which is expected to impact upon economic growth throughout the region. Table: Life Premiums (Poland ---------) ---- ---- ---- ----f ----f ----f ----f ----f Gross life premiums written, PLNbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.-- Gross life premiums written, PLN, y-o-y ---.- -.- --.- -.- -.- -.- -.- -.- Gross life premiums written, USDbn -.-- -.-- -.-- -.-- -.-- -.-- -.-- -.-- Gross life premiums written, USD, y-o-y ---.- -.- ---.- --.- -.- -.- -.- -.- Gross life premiums written, of GDP -.- -.- -.- -.- -.- -.- -.- -.-

...Given that gross life insurance premiums account for around -.- of Poland s GDP, comparative to other Western European markets, the life insurance sector in is under-penetrated. In addition to the low penetration of the life insurance market, the ---- regulatory developments that served to move the market away from single premium products resulted in overall life premiums contracting by double-digit rates in ---- with a further fall seen in ----. ...

  
Source:
Document ID
1750-5720
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Poland Insurance Report" Aug 13, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Poland-Insurance-Report-2026-243>
  
APA:
Business Monitor International - Industry Reports. (2016). Poland Insurance Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Poland-Insurance-Report-2026-243>
  
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