Noida, UP -- (SBWire) -- 01/07/2011 -- According to our new research report “Poland Insurance Market Forecast (2008-2012)”, demand for life insurance products in Poland has again picked up with the revival of economy and improvement in income levels. Annuity insurance constitutes a very small part of the Polish life insurance market. But it has started taking off in a big way during the past few years. In fact, it grew faster than other branches of life insurance products and posted robust growth even amidst financial crisis, and is expected to grow at a CAGR of around 21% during 2009-2013. Besides annuity insurance, our report has identified other possible growth areas for expansion of the Polish insurance industry with the expected market size in 2013.
We have found that, the life insurance market fell sharply in 2009 owing to adverse economic conditions. With this revival in demand for life insurance products, the gross premium written by life insurer is expected to grow at double-digit CAGR till 2013. Our research presents a thorough analysis on life insurance market and its products along with future outlook for life insurance gross premium till 2013.
Unlike life insurance, the non-life insurance business continued to post positive growth during the global financial slowdown. With improving demand for motor insurance and health insurance, the Polish non-life insurance market is expected to post robust growth in future. Besides, continuous growth in property and liability insurance has given strong impetus to the non-life insurance market.
Our report has deeply analyzed the Polish non-life insurance market and its products. Our report has also covered the future forecast for non-life insurance gross premium till 2013. Besides, the report has identified important players operating in the sector. The key players section talks about business profiling of all the leading players. Moreover, it has analyzed all the emerging trends, important drivers, and key challenges to help investors understand the market conditions.
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Polish Annuity Life Insurance Market to Take Off in Coming Years