Insurance Market Results: Insurance continues to grow rapidly after H1 2026

Date: 27 August 2026

After the first two quarters of 2026, insurers collected PLN 47.3 billion in premiums. This represents an increase of more than 7% compared with the previous year. Claims and benefits paid amounted to PLN 27.6 billion (up 5.3%). Net profit amounted to PLN 8.7 billion, 5% higher than in the corresponding period of the previous year. The life insurance market remains the main driver of growth.

 

KEY DATA FOR Q2 2026:

  • Poles spent PLN 47.3 billion on insurance (+7.1%):
    • PLN 13.6 billion on life insurance (+12.5%);
    • PLN 33.7 billion on non-life insurance (+5.0%).
  • Claims and benefits paid amounted to PLN 27.6 billion, including:
    • PLN 9.1 billion in life insurance benefits (+4.4% year on year);
    • PLN 18.5 billion in non-life insurance claims (+5.8% year on year).
  • Insurers invested PLN 115.4 billion in bonds and other fixed-income securities.
  • In addition, the industry invested PLN 22 billion in shares of companies listed on the Warsaw Stock Exchange (WSE)
    and other securities with variable returns.
  • The financial result amounted to PLN 8.7 billion (+5.0% year on year).
  • Insurers paid PLN 1.3 billion in corporate income tax (+12.9% year on year).

 

–The insurance market results show that the sector remains on a path of rapid growth and that its fundamentals remain strong despite the volatile economic environment and cost pressures observed in some segments.
 At the same time, insurers remain one of the key pillars of financial stability. High solvency levels and a strong capital base enable the sector to grow safely and assume an increasing share of economic risk. From a broader perspective, the importance of the insurance market extends far beyond the provision of insurance protection. Insurers’ assets have already exceeded a quarter of a trillion zlotys, making the sector an important source of long-term capital for the Polish economy. As the market grows and the country’s investment needs increase, the role of insurers as stable, long-term investors will continue to grow – says Adam Uszpolewicz, President of the Management Board of PIU.

– The growth trend in life insurance has continued. This marks another quarter of recovery following a period in which the market adjusted to regulatory changes.
 In Q2 2026, growth was driven to a large extent by sales of individual single-premium policies, particularly through the bancassurance channel, indicating that customers are once again increasingly willing to use this distribution channel.
 The strong recovery in bancassurance also confirms that it remains an important part of the market and is responding effectively to changing customer needs. We also view the development of health and sickness insurance positively. These products are clearly gaining in importance as customer awareness increases, along with expectations regarding access to healthcare. From the sector’s perspective, the key priority now will be to maintain the quality of this growth and continue to build profitability, so that rising premium volumes translate into sustainable value for customers, insurers and the market as a whole – adds Piotr Wrzesiński, Vice-President of the Management Board of PIU.

Life insurance

In the first half of 2026, the life insurance market grew both in terms of the number of contracts and gross written premiums.
Nearly 26 million people had life insurance, of whom more than 57% were covered by group insurance. Compared with the corresponding period of 2025, the number of people covered by group insurance increased by 2%, while gross written premiums rose by more than 4%.
 Group insurance continues to be a popular employee benefit. The number of individual policies has remained stable for several years.
At the end of Q2, there were 11 million such policies.

Gross written premiums in life insurance reached PLN 13.6 billion, representing an increase of 12.5% year on year. This result was driven by a 60.6% increase in single premiums, while regular premiums rose by 7.2%.

Motor insurance

Motor insurance accounts for the largest share of the non-life insurance market. In the first half of 2026:

  • the number of motor third-party liability (MTPL) policies increased by 3% (i.e. by 527,000, to 17.7 million), while the number of motor own damage (AC) policies increased by 6.4% (i.e. by 280,000, to 4.7 million). This reflects both the growing number of vehicles on Polish roads and the growing uptake of voluntary AC insurance. The share of vehicles covered by AC insurance increased by 0.8 percentage points year on year, to 26.2%;
  • gross written premiums from compulsory MTPL insurance increased by PLN 0.3 billion to PLN 9.7 billion, while gross written premiums from AC insurance recorded a slight increase of 1.7% to PLN 7.5 billion;
  • claims and benefits paid under compulsory MTPL insurance amounted to PLN 6.7 billion, representing an increase of 7.6% year on year;
  • claims paid under AC insurance amounted to PLN 5.0 billion, representing an increase of 11.5% compared with the previous year.

The average MTPL premium amounted to PLN 548, remaining at the same level as in Q2 2025. Over the same period, the average MTPL claim amount increased by 4.9% and stood at PLN 12,200 at the end of Q2 2026, while claim frequency remained relatively unchanged compared with the previous year (approximately 3% annually).

In this class of insurance, the industry recorded a small positive technical result of PLN 62 million. This was PLN 18 million higher than in the corresponding period of the previous year.
 The technical result for AC insurance was also positive, at PLN 96 million, but fell by as much as PLN 382 million compared with the previous year.

Other property insurance

Gross written premiums in property insurance (Groups 8 and 9: insurance against fire and natural forces and other damage to property) increased by 4.4% to PLN 6.8 billion. In the first half of 2026, claims paid in these lines of insurance amounted to PLN 2.7 billion, representing a decrease of 9.2% compared with the previous year.

In the first half of 2026, the insurance market recorded significant growth in such classes of insurance as sickness insurance (+15% year on year) and assistance (+11.7% year on year). Above-average growth was also recorded in reinsurance accepted (+15.2% year on year).

Profit and tax

In the first half of 2026, the technical result in life insurance increased by 7.3% year on year to PLN 2.5 billion. In non-life insurance, the technical result amounted to PLN 1.8 billion, representing a decrease of 6.4%. The insurance industry’s overall net profit increased by PLN 412 million to PLN 8.7 billion, comprising PLN 2.2 billion generated by the life insurance sector (+3.2% year on year) and PLN 6.5 billion generated by the non-life insurance sector (up PLN 0.3 billion year on year).

In the first half of 2026, insurers paid PLN 1.3 billion in corporate income tax to the state budget.