The net profit of insurers operating on the Polish market increased to PLN 5.69 billion in 2017 compared to PLN 4.09 billion a year earlier. Gross written premiums amounted to PLN 62.35 billion compared to PLN 55.88 billion a year earlier, the Financial Supervision Authority (KNF) reported.
Insurance costs rose to PLN 13.75 billion up from PLN 13.36 billion a year earlier. The gross value of claims and benefits paid out stood at PLN 38.23 billion compared to PLN 33.84 billion in 2016. Insurers assets at end of 2017 grew to PLN 196.61 billion from PLN 185.05 billion the year before.
