Insurance companies in Poland underwrote gross premiums of PLN 16.74 billion (EUR 3.68 million) in the first three months of 2020, up 2.4% year-over-year, according to the report prepared by the Financial Supervisory Authority (KNF).
The volume of non-life gross written premiums rose to PLN 11.52 billion (EUR 2.53 billion) in the first quarter of the year. It is 3.66% more than in the same period last year. The life insurance segment decreased by 0.27% to PLN 5.21 billion (EUR 1.14 billion).
The leader of non-life segment – PZU – accounted for about one third of this segment: 32.60%. ERGO Hestia, second the biggest company, with 14.42% market share, followed by Warta with 14.27%. The Top 3 largest general insurance companies, reported cumulative subscriptions of morethan PLN 7 billion, or 61.3% of the total market.
The leader of the life insurance segment in terms of GWP is PZU Źycie with almost 42% market share.
