Polish bancassurance market after Q1 2024

The gross premium written in the bancassurance channel is PLN 1.57 billion, which corresponds to a year-on-year growth rate of 116.4%.

In Section I:

  • Premiums written amount to PLN 0.95 billion, which corresponds to a year-on-year growth rate of 116.6%
  • Share of bancassurance premiums in Section I amounts to 16.2% (up by 1.5 pp compared to Q1 2023)
  • Premiums written from investment products amount to 0.32 billion (growth rate of 117.7%)
  • Premiums written from protection products amount to 0.63 billion (growth rate of 116.0%)

In Section II:

  • Gross premium written amounts to PLN 0.62 billion, which corresponds to a year-on-year growth rate of 116.2%
  • Share of bancassurance premiums in Section II is 3.8% (up by 0.2 pp compared to Q1 2023)
  • At the end of Q1 2024, the number of insurance policies is 21.1 million