wu2025.2.5

Data dodania: 31 lipca 2025

The property insurance market in the CEE countries: common trends or a heterogeneous group?

Aleksandra Hęćka-Sadowska, Dorota Wiśniewska

DOI: https://doi.org/10.33995/wu2025.2.5

Abstract

Property insurance is a significant part of the non-life insurance sector, playing a vital role in providing financial security and stability for individuals and businesses. It is worth tracking the development of this part of the insurance sector particularly in light of the increasing number of extreme weather events observed worldwide. Previous research on the European non-life insurance market has mainly focused on an overview of the European Union’s Member States, with no exploration of potential common trends. This creates a research gap with regard to transition countries from Central and Eastern Europe (CEE). The article aims to compare and evaluate the development of the property insurance market in 16 transition countries from 2009 to 2023. The research methods involve descriptive statistics and statistical inference, and panel data models. Data was obtained from the XPRIMM database and reports. Main results lead to the conclusion that in several respects, a convergence phenomenon has been observed – the degree of differentiation of selected measures of market development is decreasing. However, the dynamics of changes cannot be described by a common panel trend.

Keywords

property insurance, CEE countries, insurance penetration, insurance density, panel data trend model

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