LONDON — Standard & Poor’s said it plans to step up its rating activity of Polish insurers in anticipation of further growth in life and nonlife insurance markets there.

Poland has made significant economic progress in recent years, but with per-capita GDP of $4,370, insurance penetration among its 40 million people has stayed low.

The country is expected to become part of the European Union in the next two to four years, however, and S&P projects that further growth resulting from EU membership will stimulate a boom in insurance.

According to S&P, the major growth will be in life insurance and voluntary pensions because state pensions are insufficient and voluntary pensions are underdeveloped to meet the needs of Poland’s aging population.

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