Poland will experience premium growth in non-life insurance sector until 2013
Warsaw, Poland – Marcin Mazurek as a representative of Intelace Research said that growth in premiums in the insurance sector in Poland is expected to experience significant improvement until 2013. Especially in non-life insurance sector, where pricing and sales volume has increased higher so this will increase the income of insurance premium in Poland
According to perspective of the medium-term states that the insurance has been in operation and running in Poland will face more challenges than one. That are condition an increase in claims are likely to come down and ride, the cost of operating experience additional pressure caused by the acceleration of inflation, and capital markets will be volatile so that it can negatively affect the return on investment. Therefore, growth in premiums has recently demonstrated a fairly high increase caused by higher prices expected conditions in the financial sector could be improved.
Intelace Research also want premium growth in insurance sector remained until 2013 in order to benefit from non-life insurance will be higher than in business life. In addition, non-life insurance profit is also influenced by the increase in policy rates and thanks to a new form of health insurance products coming to market. Then the pension reform is being done by the life insurance is also expected to create additional opportunities for long-term retirement and savings products.