Polish bancassurance market after Q3 2023

The gross premium written in the bancassurance channel is PLN 4.41 billion, which corresponds to a year-on-year growth rate of 106.2%.

In Section I:

  • Premiums written amount to PLN 2.7 billion, which corresponds to a year-on-year dynamic of 109%
  • Share of bancassurance premiums in Section I is 15.9% (up by 0.3 pp compared to Q3 2022)
  • Premiums written from investment products amount to 0.89 billion (growth rate of 121.5%)
  • Premiums written from protection products amount to 1.82 billion (growth rate of 103.7%)

 

In Section II:

  • Gross premium written amounts to PLN 1.71 billion, which corresponds to a year-on-year growth rate of 102%
  • Share of bancassurance premiums in Section II is 4.2% (down by 0.3 pp compared to Q3 2022)
  • At the end of Q3 2023, the number of insurance policies is 21.5 million