In opening remarks at the 14th Congress of the Polish Chamber of Insurance, the Polish Financial Supervision Commission assessed the Polish insurance market as stable and solvent, but said its development remains too weak relative to the economy’s potential and rising household wealth. It identified the sector’s main risk as a low-price trap, in which competition on price leads to underestimation of risk and weaker quality of insurance protection. The speech also outlined the supervisory direction the authority wants to pursue. That approach centers on a more flexible, partnership-based model of supervision aimed at supporting safe market growth, more appropriate product valuation, and stronger preparedness for technological, climate and geopolitical risks.
Polish Financial Supervision Commission (KNF)2026-07-10
Polish Financial Supervision Commission flags low price competition as the main threat to insurance market growth
The Polish Financial Supervision Commission said the Polish insurance market is stable and solvent, but growing too slowly relative to the economy’s potential. In remarks to the industry, it identified low-price competition as the main threat and pointed to a more flexible, partnership-based supervisory approach focused on safe growth, product valuation and emerging risks.