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Gross written premiums (million USD)

17,412
14,213 17,211
16,494
14,538

2014 2015 2016 2017 2018

include machinery and transportation tools, intermediate products, 58 in 2013. It decreased further down to 57 in 2014, but increased
chemicals, fuels, minerals, and oils. Major import partners are again in 2015 to 61, which remained the unchanged during 2016
Germany, China, Russia, the Netherlands, Italy, France and Czech and 2017.
Republic.

Written premiums exceed 17 billion USD
Poland’s foreign exchange and gold reserve is estimated to stand
at 113.3 billion USD as of 2017, while foreign debt reached 241 At the end of 2019, premiums written by the insurance market in
billion USD. Poland is the 6th largest economy in European Union, Poland exceeded 17.2 billion USD. Premium production was re-
with people’s savings equaling nearly 20 percent of the Gross Do- ported as 17 billion 211 million USD in 2018, 16 billion 494 mil-
mestic Product. Machine building, iron & steel, coal mining, chem- lion USD in 2017, 14 billion 213 million USD in 2016, 14 billion
icals, shipbuilding, food processing, glass, beverages and textile are 538 million USD in 2015, and 17 billion 412 million USD in 2014.
among the most significant sectors of Polish economy. Service in- Premiums written in motor insurance, one of the most important
dustry generates 57.4 percent of the Gross Domestic Product, while branches in premium production, reached 6.4 billion USD as of
industry generates 40.2 percent and agriculture can generate only 2019. Life segment produced 5.7 billion USD premiums, while non-
2.4 percent. life segment produced 5.1 billion USD in 2019. Premiums written
Poland’s population is dominated by peo- in the motor branch was reported as 6.3 billion USD in 2018; while

ple between 25 and 54 years old life premiums stood at 5.8 billion USD and non-life premiums at
4.5 billion USD.
Poland’s population is dominated by people between 25 and 54 years In 2018, Poland’s insurance marker ranked 14th among European
old with a share of 43.33 percent. It is followed by the age group countries in terms of premium volume, and produced 17.2 billion
“65 and older” with a share of 18.72 percent. Children younger USD in insurance premiums according to the OECD statistics. 33
than 15 account for 14.83 percent, people between 55 and 64 ac- percent of total gross written premiums were in the life segment,
count for 13.32 percent and people between 15 and 24 account for and 67 percent were in the non-life segment in 2019. Premium per
9.8 percent of the population.
capita stood at 453 USD in 2014, and decreased to 372 USD in
2015. Decline continued in 2016 with premium per capita decreas-
As of 2018, there are 60 operational companies in Polish insurance ing to 361 USD, but started climbing with 420 USD in 2017, and
market. The number of insurance companies was 59 in 2012 and
436 USD in 2018.

Insurance premium per capita (USD) Total claims and benefits paid
(millions of USD)
453 436
420
372 361
10,813 11,329 11,112
9,536 9,971

2015 2016 2017 2018 2019

2014 2015 2016 2017 2018