Research and Markets: Poland Insurance Report Q4 2009 - Independent Forecasts and Competitive Intelligence on Poland's Insurance Industry

Business Wire

posted: 25 DAYS 19 HOURS AGO

Research and Markets (http://www.researchandmarkets.com/research/c7d5fa/poland_insurance_r) has announced the addition of the "Poland Insurance Report Q4 2009" report to their offering.

This Poland Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Poland's insurance industry

This report was written in early August 2009. Relative to the Q309 report, the main change has been a review of the company profiles - both local and multinational. The publisher has also included a large quantity of new data. In virtually all cases the regulator or the trade association have published final premium figures for 2008, which was not necessarily the case in May when The publisher prepared the Q309 reports. In many instances, they have revised their projections of non-life penetration and life density. This is because it has become clear that the linear progressions that The publisher had been expecting for most countries do not accurately reflect what has been happening in recent months. As a consequence, the publisher has much greater confidence in their forecasts of premium income for 2009.

Early 2009 was in many ways a challenging but far from disastrous period for the major protagonists in most insurance markets. Notwithstanding the fact that particular non-life markets suffered as a result of a slump in the number of cars registered, and correspondingly lower demand for compulsory third-party motor (CTPM) insurance and voluntary motor insurance, global non-life premiums generally held up well in spite of the global economic downturn. In contrast, life premiums were, in most markets, lower in Q109 than they had been in Q108. This was largely the result of the past volatility in global equity markets, although there were also other problems. Conditions remain fair in the global reinsurance market.

In terms of the major regions whose insurance markets are covered by BMI's reports, Latin America and the Middle East and North Africa stood out in terms of growth in premiums (in non-life insurance in particular, but also in life insurance). Conditions were far more mixed in Central and Eastern Europe (particularly in non-life insurance, where the downturn in car registrations hit hard) and Asia Pacific, where various factors caused slippage in life premiums in many markets.

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