External environment

Stable growth of gross domestic product, lower unemployment rate, increase in real incomes of households and favorable condition of polish enterprises set up positive macroeconomic environment for PZU. However, increase in yields of polish bonds and decline in indices on polish capital market negatively affected investments results of PZU Group.

Section contains:

Main trends in the Polish economy

Financial markets situation

Polish insurance sector compared with Europe

Regulations on the insurance and financial markets in Poland

External environment in the Baltic states and Ukraine

Macroeconomic factors which can affect the operations of the Polish insurance sector and PZU Group’s activities in 2016