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Poland

Life Report

Product Insurance Market Reports Life Rev Poland

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice

 

  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Poland's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Poland's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Poland

The Poland life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Poland. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Poland and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides a demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Poland is available.

Axco’s report describes the regulatory framework that applies to the Polish domestic life insurance sector, including whether non-admitted insurance is permitted in Poland; as well as the legislation necessary to know regarding Poland’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Poland with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Polish market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

Healthcare

The report describes the public and private healthcare system in Poland, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Pensions

Axco reports on the three pillars of Polish pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Poland report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Poland Life and Benefits Report Extract

Below are brief extracts of information from the Poland Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

At 6 October 2020, Poland had recorded 111,599 confirmed COVID-19 cases resulting in 2,867 deaths, representing cases of around 2.95 per 1,000 inhabitants and a death rate of 2.57% of confirmed cases. Poland was also experiencing a second wave of infections in October 2020, although the death rate as a proportion of infections appeared to be reducing. Although the level of deaths may not affect life insurers greatly, the economic issues such as fallen asset values, reduced investment returns and continuing reductions in interest rates are likely to affect ....

Pensions

At 6 October 2020, Poland had recorded 111,599 confirmed COVID-19 cases resulting in 2,867 deaths, representing cases of around 2.95 per 1,000 inhabitants and a death rate of 2.57% of confirmed cases. Poland was also experiencing a second wave of infections in October 2020, although the death rate as a proportion of infections appeared to be reducing. The level of deaths will not affect private pension arrangements greatly since most benefits are paid in a single lump sum. The economic issues such as fallen asset values, reduced investment returns and ....

Healthcare

Although the health services in Poland do not seem to have suffered substantially due to COVID-19, a side effect of the lockdowns around the world has seen a drop in supplies of other drugs such as those used for the treatment of heart disease. Market sources note that the second wave, which was developing in October 2020, may also not produce as much strain as the first due to developing treatment protocols.

There is a well-developed national health insurance (NHI) system in Poland ....

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