Delhi, India (PressExposure) April 19, 2008 -- The latest market research report by RNCOS "Poland Insurance Market Forecast (2008-2012)" provides first-hand analysis of the Polish insurance sector and helps clients to analyze the leading-edge opportunities critical to the success of the insurance industry in Poland.
The forecast and estimation given in this report is not based on a complex economic model, but is a rough guide to the direction in which the market is likely to move.
Led by the life insurance sector, the insurance industry in Poland is growing rapidly. Total life insurance premium in the country amounted to PLN 21 Billion in 2006. The non-life sector, on the other hand, grew more slowly, with total premiums in 2006 posting a rise of 4.85% in 2006 over a year earlier.
Insurance companies in Poland are either state-owned or private, and many are under control of international insurers. The country has some combined banking/insurance groups also, but they have yet to play a significant role in the Polish insurance market. The Polish insurance law restricts companies to sell both life and general insurance that has prompted most general insurance firms to establish separate life subsidiaries. Despite the entry of many foreign companies, public sector insurance companies still dominate the Poland's insurance market.
Key Issues & Facts
- Where does Poland stands in context of Central and Eastern European market? - Why Poland is considered an attractive insurance market? - What are the growing insurance segments in Poland? - What are the opportunities areas in the Polish insurance market? - What are the key issues that need to be addressed? - What initiatives the Polish government is taking to promote its insurance market?
The major key players discussed in the report are Aegon, Allianz, Amplico-Life, PZU and Warta.
Research Methodology Used
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
The analysis methods include ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.