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Results of “The Best Annual Report 2011” announced

For the seventh time the Accounting and Tax Institute announced results of “The Best Annual Report” competition, rewarding the best annual report in 2011 according to the IAS and IFRS. The competition was organised under the patronage of the Polish Insurance Association.

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New bancassurance recommendations

The Polish Insurance Association and the Polish Banks Association (ZBP) announced the third recommendation of good practice for the bancassurance market. The document concerns the so-called investment or savings insurance. It will enter into force on 1 January 2013. Simultaneously, the first recommendation of good practice was updated in respect of protective insurance linked to banking products.

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PIU on the Health Market Forum

The Polish Insurance Association became a partner of the 7th Health Market Forum – one of the most important cyclical debates on the health care system in Poland. The Forum takes place at the Sheraton hotel in Warsaw.

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Events
Trends in Agricultural Insurance in Europe

The Polish Insurance Association and the Poznań University of Economics have the honour to invite you to the International Conference entitled ‘Trends in Agricultural Insurance in Europe — Drought Risk Insurance in Poland’. The Conference is organised under the honorary patronage of the Ministry of Agriculture and Rural Development. It will be held on 5 November 2012 at the Radisson Blu Hotel, ul. Grzybowska 24, Warsaw.

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3rd Pillar in Poland Must be Put into Life

A pension paid out under the new pension system will be even lower than current benefits. Whereas the Poles — frightened by the crisis and discouraged from saving in the Third Pillar — in the first 6 months of 2012 made payments only to 12,000 Individual Pension Security Accounts (IKZE) from among 300,000 opened ones. The total of the payments equalled only PLN 5.5 million.

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News
Market results after the second quarter of 2012

According to data collected by PIU, in the first six months of 2012 property insurance companies paid out their customers over 7 billion PLN in compensation, while life insurance claims amounted to over 12 billion PLN.

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