Poland

Axco provides details on the life insurance sector including Polish market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

The report describes the public and private healthcare system in Poland, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Axco reports on the three pillars of Polish pension provision.

• State pension benefits including benefit calculations and eligibility criteria 
• Workplace pension provision; types of schemes calculations eligibility and; tax implications
• Voluntary individual pension provision, type of products and tax implications

The Poland report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

• state pensions,
• permanent disability benefit
• occupational accident and disease
• maternity and paternity payments 

At 6 October 2020, Poland had recorded 111,599 confirmed COVID-19 cases resulting in 2,867 deaths, representing cases of around 2.95 per 1,000 inhabitants and a death rate of 2.57% of confirmed cases. Poland was also experiencing a second wave of infections in October 2020, although the death rate as a proportion of infections appeared to be reducing. Although the level of deaths may not affect life insurers greatly, the economic issues such as fallen asset values, reduced investment returns and continuing reductions in interest rates are likely to affect ....

At 6 October 2020, Poland had recorded 111,599 confirmed COVID-19 cases resulting in 2,867 deaths, representing cases of around 2.95 per 1,000 inhabitants and a death rate of 2.57% of confirmed cases. Poland was also experiencing a second wave of infections in October 2020, although the death rate as a proportion of infections appeared to be reducing. The level of deaths will not affect private pension arrangements greatly since most benefits are paid in a single lump sum. The economic issues such as fallen asset values, reduced investment returns and ....

Although the health services in Poland do not seem to have suffered substantially due to COVID-19, a side effect of the lockdowns around the world has seen a drop in supplies of other drugs such as those used for the treatment of heart disease. Market sources note that the second wave, which was developing in October 2020, may also not produce as much strain as the first due to developing treatment protocols.

There is a well-developed national health insurance (NHI) system in Poland ....