Insurance companies note interesting 2006 results

It was for the first time that the value of life insurance sold exceeded non-life insurance policies. This happened as life insurers collected over zl.5.7 billion more in premiums than they did in 2005, which means a rise of almost 38%. The non-life insurance segment recorded a much less spectacular growth trend, as  premiums increased by zl.800 million, that is by 4.8%. "The level of new sales was the best in seven years, 77% higher than in 2005," said Zbigniew Andrzejewski, the president of Commercial Union. PZU still controls almost 50% of the non-life and one fifth of the life insurance segment. However, the strength of this insurance giant is becoming weaker and the competition is becoming more intense. (Puls Biznesu, p. 10) A.K.