ポーランドにおける生命保険・年金市場

Abstract

Overview

Introduction

This report is most appropriate for companies looking for an overview of the life insurance and pensions markets in order to assess the level of market opportunity (using our market data and forecasts), regulatory barriers and opportunities, and level of competition in the market. For more detailed market data please refer to Datamonitor' s European Life and Pensions Interactive Database 2006.

Table of Contents

• Overview
  • Catalyst
  • Summary
• Executive Summary
  • Following compound annual growth of 13.2% in the last five years, between 2006 and 2010, growth in the Polish life and pensions market is set to accelerate to 18.8%
    • The Polish life and pensions market expanded by a compound annual rate of 13.2% between 2001 and 2005
    • Accelerated growth in both life insurance and pensions is projected over the next five years
    • The market will continue to be shaped by EU legislation
    • Joint stock companies dominate the Polish market by number
    • The market leaders rely on distribution through bank networks and other intermediaries
• Table of Contents
• Table of figures
• Table of tables
• MARKET OVERVIEW
  • The Polish life and pensions market expanded by a compound annual rate of 13.2% between 2001 and 2005
    • The Polish life and pensions market experienced compound annual growth of 13.2% between 2001 and 2005
    • Between 2001 and 2005, income from group and individual policies was almost evenly split
    • The proportion of total premium income from unit-linked policies increased in 2005
• MARKET FORECASTS
  • Accelerated growth in both life insurance and pensions is projected over the next five years
    • Over the next 5 years, premium income is set to grow at a compound annual rate of 18.8%, compared to 13.2% growth between 2001 and 2005
• MARKET REGULATION
  • The market will continue to be shaped by EU legislation
    • The Insurance and Pension Funds Supervisory Commission regulates the life insurance and pensions sector
    • Insurance companies which belong to financial conglomerates face additional supervisory requirements
    • Recent legislation shapes the pensions market
    • The Insurance Mediation Act introduces new requirements for insurance intermediaries
    • Upcoming laws will enhance consumer protection
    • Providers may be required to fund a new insurance guarantee
• COMPETITIVE MARKET STRUCTURE
  • Joint stock companies dominate the Polish market by number
    • The Polish life insurance market is dominated by joint stock companies
    • The top 5 life insurers control just under three-quarters of the market by gross premium income
    • More than half of life insurance premiums were distributed through direct sales in 2005
• MARKET LEADERS
  • The market leaders rely on distribution through bank networks and other intermediaries
    • PZU Życie S.A. is the life insurance market leader, based on premium income in 2005
    • Commercial Union Polska - TUnŻ S.A. trails the market leader in the life insurance sector
    • PAPTUnŻiR Amplico-Life S.A. ranks third among life insurance companies
    • AEGON TU na Życie S.A. is the fourth highest ranked life insurer by premium income
    • TUnŻ ING Nationale-Nederlanden Polska S.A. rounds out the top 5 life insurers
• APPENDIX
  • Definitions
    • Capital redemption policy / bond
    • Composite insurer
    • Defined contribution pension scheme
    • Defined benefits pension scheme
    • Group policy
    • Individual pension scheme
    • Individual policy
    • Life assurance
    • Occupational pension scheme
    • Pension insurance policy
    • Premium income
    • Regular premium
    • Single premium
    • Technical provisions
    • Traditional insurance
    • Unit-linked insurance
  • Further reading
    • Interactive Databases
    • Reports and Briefs
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer
  • List of Tables
    • Table 1: Life and pensions insurance premium income, segmented by product, EURm, 2001-2005
    • Table 2: Life and pensions insurance premium income, segmented by product, in percentages, 2001-2005
    • Table 3: Life and pensions insurance premium income, segmented by buyer, EURm, 2001-2005
    • Table 4: Life and pensions insurance premium income, segmented by buyer, in percentages, 2001-2005
    • Table 5: Life and pensions insurance premium income, segmented by investment risk, EURm, 2001-2005
    • Table 6: Life and pensions insurance premium income, segmented by investment risk, in percentages, 2001-2005
    • Table 7: Life and pensions insurance premium income, segmented by product, EURm, 2006-2010
    • Table 8: Life and pensions insurance premium income, segmented by product, in percentages, 2006-2010
    • Table 9: Number of life insurance providers segmented by type, as at Dec 2005
    • Table 10: Top 5 life insurers by gross premium income, as at Dec 2005
    • Table 11: Life insurance gross premium income, segmented by distribution channel, in percentages, Jan-Dec 2005
  • List of Figures
    • Figure 1: Life premiums accounted for 99% of total premium income in 2005
    • Figure 2: Income from individual policies grew at a slightly higher compound annual rate of 13.6% from 2001 to 2005
    • Figure 3: Between 2001 and 2005, the market for unit-linked insurance experienced compound annual growth of 17.1%
    • Figure 4: Life insurance and pensions income will increase at similar rates, and pensions will continue to represent less than 1% of the market
    • Figure 5: Joint stock companies represent 94% of the Polish life and pensions market by number
    • Figure 6: PZU Życie S.A. leads the Polish life and pensions sector
    • Figure 7: Insurance agents and brokers together generated 33% of life insurance gross premium income