Towarzystwa ubezpieczeń wzajemnych w Polsce wobec kryzysu finansowego lat 2008‒2009

Using an analysis of 25 key financial performance indicators of selected insurance companies, this study examines the extent to which the effects of the global financial crisis of 2008–2009 affected Polish mutual insurance companies (TUW). Analysis of financial performance indicators leads to the general conclusion that the Polish insurance companies have survived the global financial crisis in good shape overall; at the same time, most indicators of effectiveness were more favourable during the financial crisis for TUW than for public insurance companies on the whole. A possible explanation for why TUWs better coped during the global financial crisis than their public counterparts was that they had deeper local roots and fewer financial links with the global financial market.