Page 35 - Turkinsurance Digital Magazine

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Total claims and benefits paid (billions of USD)
11.104 10.619
9.898 9.038 9.218 9.239

2012 2013 2014 2015 2016 2017

every year, from 59 in 2012 to 58 in 2013, from 56 in 2014 to These five companies account for 67 percent of all the premiums
57 in 2015, and finally, stabilizing for the last two years, with written in Polish insurance market; while the first 15 companies
61 in 2016. account for 95 percent. This indicates that the market is largely
dominated by the first 15 companies in terms of premium pro-
Among the largest 5 insurance groups operating in Polish insur- duction.
ance market, PZU ranks first, maintaining its leadership posi-
tion in the market from 2004 to 2016. TALANX Group takes Written premiums exceed 16 billion
the second position in 2014, 2015 and 2016. ERGO remains
unchanged as the 3rd largest group of the market for the last USD
years. Quite similarly, VIG maintains its fourth position for in
2014, 2015 and 2016; which also goes for Aviva Group at the At the end of 2017, premium production of Polish insurance
5th position. market stood at 16 billion 272 million USD, which was a signif-
icant growth compared to the performance of previous 5 years.
PZU, the market leader according to 2016 results, has a pre- Life insurance premiums exceeded 6.6 billion USD, while non-
mium volume of 5.222 billion USD; followed by TALANS with life premiums went over 9.5 billion USD. Claims paid by the
1.680 billion UDS, ERGO with 1.380 billion USD, VIG with 953 Polish insurance market at the end of 2017 was higher than 10.6
million USD, and Aviva with 763 million USD. Market shares of billion USD in total for life and non-life segments.
these five companies are listed, respectively, as 35 percent, 11
percent, 9 percent, 6 percent and 6 percent.

Non-life distribution channels (%) Life distribution channels (%)

3%
7% 10%

28%
33%
18%

3%

62%
36%

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