PZU increases its share on the insurance market

Poland's biggest insurer's PZU market share in the insurance sector has increased to 33.3 percent (2.2 percent growth) in Q3 2016, according to data released by the Polish Financial Watchdog KNF. Five biggest Polish insurance companies control 58.93 percent of the market (2 percent q/q increase). The second-biggest insurer, Aviva TUnŻ, controls 7.91 percent of the market, MetLife 6.48 percent, Nationale-Nederlanden 5.53 percent and Open Life was fifth with 5.35 percent. By the end of Q3, the total value gross premium written amounted to PLN 17.81 billion, which is nearly 15 percent drop y/y.