Personal Accident and Health Insurance in Poland, Key Trends and Opportunities to 2018


#239240

242pages

Timetric

$ 1950

In Stock

Synopsis

The report provides in-depth market analysis, information and insights into the Polish personal accident and health insurance segment, including:

  • The Polish personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Polish personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Poland
  • Detailed regulatory policies of the Polish insurance industry
  • Analysis of various consumer segments in Polish personal accident and health insurance
  • Key developments in the Polish personal accident and health insurance segment
  • New products launched by Polish personal accident and health insurers

Executive summary

The Polish personal accident and health insurance segment recorded steady growth during the review period. The segment’s gross written premium posted a review period (2009–2013) compound annual growth rate (CAGR) of 8.9%. The segment was driven by the economic growth, an increase in demand for health insurance, and a rise in the country’s aging population. Such factors are also expected to support the segment over the forecast period (2013–2018); as gross written premium is expected to increase at a projected CAGR of 8.7%. Poland has a general health insurance system under which subsidized health services are provided to residents. It is principally state-financed through the National Health Fund (NFZ), of which health insurance contributions formed a key part. Taxes from the state budget and self-government budgets also contributed. Public sector spending accounts for a large proportion of the total funding in Poland. Healthcare financing is low, however, as the country’s healthcare expenditure amounted to 6.7 % of its GDP in 2012, and has not kept up with the country’s GDP growth. This has put a strain on health services, leading to an increase in public dissatisfaction. The Ministry of Health has made a number of reforms to improve the country’s health insurance system.


Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Poland:

  • It provides historical values for the Polish personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Polish personal accident and health insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for personal accident and health insurance products in Poland.
  • It profiles the top personal accident and health insurance companies in Poland and outlines the key regulations affecting them.

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to Polish personal accident and health insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Polish personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify the growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Polish insurance industry and their impact on companies and the industry's future.

Key highlights

  • Although the impact of the global economic crisis on Poland’s economy was not severe, government finances were affected, and there has been relatively little healthcare funding since 2009. 
  • In 2013, agencies constituted 61.5% of the total premiums generated in the segment due to their large client bases, high levels of brand trust, and established sales forces. 
  • The health insurance category accounted for the largest share, in terms of gross written premium, of the Polish personal accident and health insurance segment. The category held a share of 43.8% in 2013 and posted a review-period CAGR of 15.9%; it is expected to grow at a faster rate to become the largest category in the segment.
  • Factors such as rising healthcare costs, government initiatives to increase road safety, and increasing travel and tourism in the country are expected to drive growth. 
  • Child poverty is a key challenge in Poland, and is almost twice the rate in the UK.
  • The growth of the personal accident and health insurance segment is largely dependent on employment rates, as a decline in employment may lead to a decline in both group and individual insurance products.