Over the past few years, the Legal Insurance market in Poland has been experiencing steady growth and development. Customer preferences in the Legal Insurance market in Poland are leaning towards comprehensive coverage that includes a wide range of legal services such as consultations, contract reviews, and representation in court. Customers are increasingly looking for policies that offer them peace of mind and protection in various legal situations. Trends in the market show a growing demand for Legal Insurance among individuals and businesses in Poland. This trend can be attributed to the increasing complexity of legal matters and the rising costs associated with legal services. As a result, more people are turning to Legal Insurance to mitigate potential financial risks and access legal support when needed. Local special circumstances in Poland, such as a complex legal system and an evolving regulatory environment, are driving the growth of the Legal Insurance market. The need for expert legal advice and assistance is high, making Legal Insurance an attractive option for individuals and businesses looking to navigate the legal landscape effectively. Underlying macroeconomic factors, including a stable economy and increasing disposable income among the population, are also contributing to the growth of the Legal Insurance market in Poland. As people become more aware of the importance of legal protection and the benefits of having access to legal services, the demand for Legal Insurance is expected to continue rising in the country.
Data coverage:
Data encompasses B2B and B2C enterprises. Figures are based on gross written premium, gross written premium per capita, gross claim payments, loss ratio, and distribution channels.Modeling approach / Market size:
Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market layer. As a basis for evaluating markets, we use industry associations, national statistic offices, and international organizations, such as OECD. Next we use relevant key market indicators and data from country-specific associations such as insurance consumer spending, gross domestic product, insurance - consumer price index (CPI), population growth. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing and HOLT-linear. The main drivers are insurance consumer spending and insurance - consumer price index (CPI).Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
