Research and Markets: Poland Insurance Report Q1 2010

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e93fe0/poland_insurance_r) has announced the addition of the "Poland Insurance Report Q1 2010" report to their offering.

Poland Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Poland's insurance industry.

This report differs from its predecessors in several respects. In this analysis of competitive conditions, they provide a much more comprehensive ranking of insurance companies in the major segments from the point of view of the organisation that is providing the data (in practice almost always the national insurance regulator or the national insurance trade association). In Poland, for instance, the three largest non-life companies in the first half of 2009 in terms of Gross Written Premiums written - were PZU SA, STU ERGO Hestia SA and TUiR WARTA SA, whose market shares were 38.9%, 10.0% and 9.4% respectively. In the life segment, the leaders in the first half of 2009 were PZU Zycie SA, ING TUnZ SA and TUnZ WARTA SA, whose market shares were 28.1%, 11.1% and 9.4% respectively. Over time, the authors hope to derive insights from observing how market shares change. They emphasise though, that a decline in share of Gross Written Premiums is not automatically a bad thing and is often the result of a deliberate corporate decision to focus on more profitable business lines.

This report also provides a breakdown of the insurance sector by line from the point of view of the regulator or the trade association. In Poland, for instance, the largest non-life lines in calendar 2008 were Compulsory Motor Third Party Liability (CMTPL), land vehicles voluntary insurance (CASCO) and Fire and Diverse Risks. These accounted for 35%, 26% and 10%, respectively, of total non-life premiums. Over time, they should be able to use this information to bring greater sophistication to the forecasting process.

Writing in November 2009, the authors have been able to ensure that the report includes actual data for 2008. They have generally been able to use data that has been published over the course of 2009 to adjust the forecasts for the year as a whole. They have also extended the forecasts out to 2014. The authors are looking for total premiums in 2009 of PLN55,756mn. This includes non-life premiums of PLN22,158mn and life premiums of PLN33,598mn. In 2014, the corresponding figures should be PLN74,423mn, PLN37,793mn and PLN36,630mn. In terms of the key drivers that underpin the forecasts, they are looking for non-life penetration to rise from 1.68% in 2009 to 2.08% in 2014, and for life density to rise from US$288 to US$340. The proprietary Insurance Business Environment Rating for Poland is 59.7.

This quarter, the report includes a discussion of developments within regional markets on the basis of results published by major cross-border companies in relation to Q209 or Q309 and the latest information provided by regulators and/or trade associations. In their latest reports, both PZU and Vienna Insurance Group have discussed the sharp downturn in life premiums relative to 2008 which has only partly been due to the economic downturn in Poland.

Key Topics Covered:

• Executive Summary
• SWOT Analysis
• Global Outlook
• Central And Eastern Europe Overview
• Projections And Forecasts
• Country Update
• Insurance Business Environment Rating
• Regional Context
• Major Players In Poland's Insurance Sector
• Analysis Of Regional Competitive Conditions
• Local Company Profiles
• Regional Company Profiles
• Country Snapshot: Poland Demographic Data
• Methodology
• Companies Mentioned

For more information visit http://www.researchandmarkets.com/research/e93fe0/poland_insurance_r