Poland: Sharp Decline in Insurance Prices

Professional ServicesInsurance ♦ Published: February 11, 2014; 10:59 ♦ (Vindobona)

Insurance policy prices dropped almost 30 percent last year.

Poland: Sharp Decline in Insurance Prices / Picture: © Vindobona.org

As reported by insurance brokerage Marsh, insurance policy prices declined by up to 30 percent. The reason for this sharp decline is because insurance companies tried to attract customers with special offers and discounts.

According to insurers such as PZU, AXA or Proama, a price cut was not introduced in 2013. The strongest decrease was recorded in automotive and third party…