Basic strategic assumptions

The PZU Group Strategy 2020 bases on assumptions concerning the condition of the Polish economy and insurance sector. 

The PZU Group Strategy 2020 was created with the following assumptions concerning the condition of the Polish economy and insurance sector, including especially:

• moderate pace of economic growth in Poland (approximately 3.0-3.5% annually);
• increased inflation as of 2017;
• higher interest rates as of 2017;
• changes in shopping preferences – growing importance in the direct channel (mobile devices) and price comparison engine market that are based on ad-hoc shopping decision- making;
• introduction of regulative changes, including the following:
• improving structure of the unit-linked life insurance market,
• implementing the recommendation regarding a standard payment of compensation resulting from non-property claim under a MTPL insurance policy,
• introducing by early 2018 the MiFID II directive that recommends transparency in commissions paid in the sales of inter alia investment products;
• stable perspectives in the development of property and motor insurance – decreased intensity of the price war in motor insurance and improved profitability in MTPL segment;
• stable growth in investment fund market – increased importance of low-cost (from the client’s perspective) and long-term investment products;
• growing (double-digit) potential in health insurance and prepaid health packages.