Polish Life Insurance Market Set for Robust Growth
launches yet another Environment friendly retail outlet in Indiranagar; 5th in Bangalore, 25th in the country.
- (1888PressRelease) October 16, 2010 - According to our research report "Poland Insurance Market Forecast (2008-2012)", the Polish life insurance market faced a deep slump in 2009 owing to the decline in demand for investment linked insurance products, which dominate the Polish insurance market. However, demand for these life insurance products has again picked up and started showing positive growth on the back of revival in economy and improvement in income. With the revival of life insurance products demand, the gross premium written by life insurer is expected to grow at a CAGR of about 16% during 2009-2013. Our report has briefly discussed the products of life insurance market.
We have found that unlike life insurance, the non-life insurance business continued to post positive growth during the global financial slowdown. Though motor insurance constitutes the largest class of insurance business in Poland, recent growth has been mainly contributed by high demand for property and general liability insurance branches. Besides, the continuous growth in property and liability insurance has given strong impetus to the non-life insurance market. The structure of non-life insurance market and its products have been discussed in our report.
Our study shows that the rising living standards will drive both life and non-life insurance sectors, particularly the non-life sector. The life insurance sector is largely driven by people with high and above average disposable income as significant part of life insurance premium is derived from unit-linked insurance plans. Apart from rising living standards, our report provides a detailed overview on various other factors responsible for the growth of Polish insurance market.
Our research reveals that the annuity insurance constitutes a very small part of the Polish life insurance market. But it has started taking off in a big way in recent years. In fact, it grew faster than other branches of life insurance products and posted robust growth even amidst financial crisis. Growing older population and rising consumer awareness are the chief reasons for growth in the country's annuity insurance market. We have also identified other emerging sectors of Polish insurance market and provided future forecast on them till 2013. We have also discussed key players of the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM593.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com/promotion.htm
About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
###
space
space
Contact Information
- Shushmul Maheshwari
- Rncos
- B 129 Sector 6
- Noida 201301
- 201301
- Voice: 91-120-4224-700
- Visit our Site
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam