In July 1990, the insurance system was reorganized. Abolished were the monopoly State Insurance Company, which had been responsible for all domestic insurance, and the Insurance and Reinsurance Company, which had been responsible for all foreign transactions. Domestic and foreign-owned private limited stock and mutual insurance companies were then allowed to begin operating. At the same time, procedures were introduced to maintain adequate financial reserves and legal protection for people and assets insured. At the end of 1991, twenty-two insurance companies were operating in Poland, six of which were foreign-owned.

In early 1991, important legislation was introduced to regulate securities transactions and establish a stock exchange in Warsaw. At the same time, a securities commission was formed for consumer protection. A year later, the shares of eleven Polish companies were being traded weekly on the new exchange. Restructuring the financial market not only was necessary for increasing the overall efficiency of the economy and accelerating privatization but also was a precondition for the rapid influx of Western capital critical to economic development.

Data as of October 1992