The Polish non-life insurance market has stabilized and appears headed for a period of growth according to Standard & Poor’s (S&P) most recent studies.
S&P’s report notes that against decreasing margins and more competition in the market, the present low level of insurance penetration, set against a major population and increasing rate of economic growth, has allowed for a period of growth.
The rate of growth in the non-life insurance market appears to be related, in part, to Poland’s move to the EU, which it is looking to in the next two to four years.
Experts also feel that the market appears ready to gain from a better understanding of the Polish insurance sector among its foreign players, which joined the market as a result of their home markets reaching a saturation point.
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