Executive Summary Report – June 2019

10 July 2019

On 27 June 2019 the Report from the Commission to the European Parliament and the Council on the application of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking and pursuit of the business of Insurance and Reinsurance (Solvency II) with regard to group supervision and capital management within a group of insurance or reinsurance undertakings was published. This report assesses the benefit of enhancing group supervision and capital management within a group of insurance or reinsurance undertakings, as required under Article 242(2) of the Solvency II Directive.


The Insurance Guarantee Fund (UFG) has published its results after Q1 2019. According to the data, insurance companies in Poland noted a lower level of gross written premium in the MTPL insurance sector. As UFG’s report shows, in Q1 2019 insurers received PLN 43 mln less GWP than a year before. The significant drop of GPW concerned foreign insurance companies which earned PLN 97 mln, less by 19% (PLN 23 mln; y/y), whereas Polish companies received PLN 3,639 mln in Q1 2019. Currently the market share of foreign insurers in the Polish MTPL sector amounts to 2.6%.


The President of the Personal Data Protection Office has informed that the institution is analysing personal data processing in PZU in connection with the insurer’s offer for children. The company will provide insurance protection for free if children’s personal data is put on an online form and consent to the process is given. Parents lodged complaints about this program to the Personal Data Protection Office. They underlined that the consent to data processing was also given to the company’s partners. In connection with these complaints the President of the Office asked PZU to explain about the scope of personal data processing in the special holiday offer.


Polish insurers increased annual earnings by 8.6% y/y to PLN 1.14 bln in Q1, including an almost 9% increase in the non-life segment to PLN 627.5 mln and 8.2% in the life segment to PLN 508.4 mln, a PIU report shows. The technical result for the life segment rose by 8% to 734 mln, while in the case of non-life insurers it edged up by 0.8% to 697.8 mln. Insurers paid out PLN 10.2 bln in claims in Q1. Claims in the life segment declined by 6.7% y/y to PLN 5.1 bln and in the non-life segment they rose by 1.5% y/y to PLN 5.1 bln, including PLN 3.7 bln in motor insurance claims. Premiums in life insurance declined by 7.8% y/y to 5.2 bln. In the non-life segment premiums increased by 5.1% y/y to 11.1 bln.


In the current legal situation, employers cannot independently examine the sobriety of employees. This is determined by Art. 17 of the Act on Upbringing in Sobriety and Counteracting Alcoholism. The added Art. 221b of the Labour Code, which came into force on 4 May 2019, specifies that an employer may process special categories of an employee’s or job candidate’s personal data, including health, only with the data subject’s consent and when the data are provided by the person on his/her own initiative. In the opinion of the Personal Data Protection Office, information concerning insobriety constitutes information on health.

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