News

Results of the 2012 Leon Kozicki PIU Competition for the best thesis in the field of insurance have been announced.

According to data collected by PIU, in the first three quarters of 2012 property insurance companies paid out their clients over PLN 10.5 billion PLN in compensation. Life insurance claims amounted to over PLN 18.7 billion.

Twelve journalists were shortlisted for this year’s competition and 61 articles were submitted.

For the seventh time the Accounting and Tax Institute announced results of “The Best Annual Report” competition, rewarding the best annual report in 2011 according to the IAS and IFRS. The competition was organised under the patronage of the Polish Insurance Association.

The Polish Insurance Association and the Polish Banks Association (ZBP) announced the third recommendation of good practice for the bancassurance market. The document concerns the so-called investment or savings insurance. It will enter into force on 1 January 2013. Simultaneously, the first recommendation of good practice was updated in respect of protective insurance linked to banking products.

The Polish Insurance Association became a partner of the 7th Health Market Forum – one of the most important cyclical debates on the health care system in Poland. The Forum takes place at the Sheraton hotel in Warsaw.

Thirty one associations of insurers (including the Polish Insurance Association), representing 87 percent of the worldwide insurance business, established on 9 October 2012 the Global Federation of Insurance Associations (GFIA).

Owing to enormous interest in the subject of the Conference and a large number of registered participants, the Polish Insurance Association decided to change the venue of the Conference to a hall at the Bristol Hotel, ul. Krakowskie Przedmieście 42/44, Warsaw.

On 11 October 2012, the Allerhand Summit: Financial Regulations 2012 will be held in Poland. This year’s Summit is devoted to new regulatory frameworks for banking, insurance and capital markets.

A pension paid out under the new pension system will be even lower than current benefits. Whereas the Poles — frightened by the crisis and discouraged from saving in the Third Pillar — in the first 6 months of 2012 made payments only to 12,000 Individual Pension Security Accounts (IKZE) from among 300,000 opened ones. The total of the payments equalled only PLN 5.5 million.