The Polish insurers’ aggregate GWP (gross written premium) was up by 0.6% y/y to PLN 16.35 billion in the first quarter of 2019, according to the financial indicators from the Polish Financial Supervision Authority (KNF). Official figures also revealed that the amount of paid claims/indemnities during the period was PLN 10.2 billion – it is a decrease of 2.7% y/y.
The non-life insurance segment accounted for PLN 11.1 billion of the total GWP (68% of total GWP), while the life-insurance companies contributed the remaining PLN 5.2 billion, which was almost half a million euro less as compared with Q1 2018.
The local insurer PZU Życie was the largest life insurer (39.57% market share), followed by AVIVA TUnŻ (9.14% market share), and NN (7.1%).
PZU was the biggest non-life insurer in Poland with GWP of PLN 3,729 million, and a market share of 33.54%, followed by ERGO HESTIA at 14.51%, and WARTA, a part of German insurer – TALANX at 13.34%.
