Insurance companies announce that they are ready to increase capital engagement in strategic energy, infrastructure and technology investments. Their role will also be crucial due to the need to hedge the risks associated with these investments.
– As the insurance sector, we are ready to accelerate long‑term investments in Poland. We play two roles: as an insurer of investment projects and as a long‑term investor – says Piotr Wrzesiński, vice‑president of the Polish Insurance Chamber, to Newseria. – The industry is 130 bn PLN, part of these funds can be allocated to long‑term projects, primarily infrastructure investments.
Infrastructure and energy investments that are strategic from the perspective of security, resilience and the state economy, such as the construction of offshore wind farms in the Baltic or the first nuclear power plant, are multi‑billion projects with high complexity, both technologically and logistically or operationally, requiring the involvement of many entities. Insurance companies therefore gain importance as entities providing protection for new, increasingly complex and capital‑intensive types of risk.
– The insurance sector is essential for long‑term investments, primarily as the risk‑protecting party. Infrastructure investments are not possible without insurance and risk protection – Piotr Wrzesiński points out at the Banking & Insurance Forum.
As highlighted in a recent comment by Jan Grzegorz Prądzyński, president of the Polish Insurance Chamber, the ongoing infrastructure and energy projects will offer insurance companies opportunities for development in construction‑and‑building insurance, liability insurance, transport insurance and insurance guarantees. The development of the first nuclear power plant in Poland is also linked to work on the design of the so‑called nuclear pool.
– We are already participating in these discussions. The insurance sector talks about an insurance pool, which is a necessary element of such an investment – emphasizes the vice‑president of the Polish Insurance Chamber.
The nuclear pool is an agreement among many insurance companies to jointly insure the risks related to the preparation, construction and operation of a nuclear power plant, as well as the supply chain. The scope includes, among other things, the civil liability risks of the nuclear plant operator. Constructing a nuclear pool requires developing rules and an organizational structure, new legal solutions regulating civil liability for potential damages or claims settlement processes. Several insurance companies have expressed interest in joining the consortium. According to earlier press releases, such a pool is expected to be established later this year.
As an expert points out, the pool is one of the areas that will require legal changes and currently hampers greater sector engagement in the development of these investments.
– On one hand, there are regulatory barriers and required legal changes. An example of this is the mentioned nuclear pool. Such a solution will require statutory changes, which the sector is also working on – Piotr Wrzesiński notes. – The second important issue is the lack of long‑term instruments into which the insurance sector could invest relatively easily.
In May 2025, Polish Nuclear Power Plants selected four insurance brokers who will support the company in purchasing the insurance necessary for the implementation of various investment stages. They are responsible for the company's ongoing insurance service and for arranging insurance contracts related to the plant construction project.
PEJ implements an investor‑controlled insurance program, consisting of independently entering insurance contracts – the so‑called Owner Controlled Insurance Program. As the company authorities emphasize, this approach will provide control over insurance costs and enable the utilization of the potential of the Polish insurance market.
