Czechia
Czech Rep.: SIMPLEA was accepted by CNB to start doing insurance business in 2019 Q2
The newly founded insurance company Simplea was finally licensed by the Czech National Bank to start its activity, and it is expected to start operating in the second quarter of 2019.
5 February 2019Czech Republic: the new Insurance Distribution Act is changing insurance distribution
The new Insurance Distribution Act that became effective in the Czech Republic on 1 December 2018, and replaced the still effective Act on Insurance Intermediaries and Loss Adjusters (IILA) has introduced important changes on insurance distribution, as Schoenherr Journal wrote.
5 February 2019RENOMIA buys majority stake in established insurance broker IMG in the Czech Republic
RENOMIA, a leading insurance broker in Central and Eastern Europe, announced it bought a majority stake in IMG, one of the leading Czech insurance brokers providing services to corporate and individuals.
18 January 2019NN Group completes acquisition of AEGON units in Czech Rep. and Slovakia
NN Group announced that it has completed the acquisition of AEGON's Life Insurance business in the Czech Republic and AEGON's Life Insurance and Pension businesses in Slovakia.
10 January 2019STATISTICS: Czech Rep., 3Q2018: risky drivers are providing for the MTPL premiums growth
According to the market results published by CAP - the professional association of the Czech insurers -, the local market saw a 5.55% y-o-y increase in GWP, to EUR 3.78 billion, most of which came from the non-life insurance segment.
15 November 2018Czech Rep: Draught hits local farming causing losses of nearly half billion euro
While other European countries have experienced heavy rains causing severe flooding episodes, the Czech Republic is challenged by one of the worst droughts in its recent history, causing losses of over CZK 12 billion (~EUR 473 million) to the local farmers.
6 November 2018STATISTICS: CZECH. Rep., 1H2018 (CNB): positive trend equally driven by the MTPL and Motor Hull insurance lines
The market statistical data provided by the Czech National Bank for 1H2018 confirm the positive trend reported by the results published by the local insurers' association (CAP) one month ago. Yet, as the group of market players considered by each of the two reports is different, also the overall picture is somewhat different.
20 September 2018STATISTICS: CZECH Rep., 1H2018 (CAP): 5% market growth fueled mainly by the Motor Hull insurance line
According to data provided by the Czech Insurance Association (CAP), its members ended 1H2018 with GWP worth EUR 2.53 billion, 5.16% up y-o-y, an increase almost fully driven by the non-life segment, in particular by the motor insurance lines.
23 August 2018STATISTICS: CZECH REP., 1Q2018 (CAP): market increase equally supported by life, motor and corporate insurance lines
The Czech insurance market ended 1Q2018 with GWP worth EUR 1.32 billion, 10.8% up y-o-y. Non-life insurance lines had the largest contribution, reporting GWP of EUR 889.4 million, which is 12.7% more y-o-y.
14 June 2018VIG Group's Czech companies won multiple awards
Vienna Insurance Group's (VIG) companies Kooperativa and Ceska podnikatelska pojistovna (CPP) led the way in the Association of Czech Insurance Brokers' "Insurer of the Year" survey, taking the top two spots in all four of the main categories.
13 June 2018STATISTICS: Czech Rep., FY2017: 18.4% increase in the claims paid for property insurance after Hewart
According to statistical data published by the Czech National Bank (CNB), the local insurance market totaled CZK 150.83 billion (EUR 5.9 billion) in GWP terms, 2.5% up y-o-y (nominal, in local currency).
12 April 2018CZECH insurance claims and damages rise in 2017
Insurance claims in the Czech Republic climbed top around 284,000 in 2017, an increase of around 31 percent, on the previous year, the Czech Insurance Association has announced.
31 January 2018Samsung introduces Samsung Mobile Care device insurance in the Czech Republic
Samsung has launched the insurance service Samsung Mobile Care in the Czech Republic. Under the two-year policy contract, customers are entitled to two repairs. The premium is either one-time amount of CZK 3,399, or CZK 159 a month.
18 January 2018STATISTICS: Czech Rep. 3Q2017: MTPL and MoD generated together about one third of total GWP
At the end of September, the Czech insurance market amounted CZK 92.9 billion (about EUR 3.6 billion), representing a 3.8% y-o-y growth rate, according to the nine months market figures published by the Czech Insurance Association (CAP).
20 December 2017CZECH REPUBLIC: Windstorm claims three lives in Czech Republic
The powerful storm that hit Central Europe on Sunday claimed three lives in the Czech Republic as a man hit by a falling tree in Bela pod Bezdezem, central Bohemia, died of his injuries in the Liberec hospital, its spokesman Vaclav Ricar confirmed to CTK on Monday.
31 October 2017STATISTICS: CZECH Rep., 1H2017: Three insurers account for more than half of the market
The 26 Czech insurers, members of CAP - the Czech Insurance Association, reported in 1H2017 aggregate GWP of CZK 62.9 billion (~EUR 2.4 billion), up by 3.6% y-o-y.
21 September 2017CZECH REPUBLIC: Uniqa succeeded in tender of one leasing company
Austrian insurance company Uniqa succeeded in a tender for fleet insurance of the Czech branch of Dutch leasing company LeasePlan.
7 August 2017STATISTICS: CZECH Rep., 1Q2017: 3.3% GWP growth; KOOPERATIVA pojistovna-VIG takes up the market leadership
In the first quarter of 2017 the 25 Czech insurers, members of local professional association (CAP), reported aggregate GWP of CZK 32.1 billion (~EUR 1.2 billion), up by 3.3% y-o-y.
6 July 2017CZECH Rep.: CSOB and Ceska posta signed 10-year agreement on banking and insurance services
Ceska posta (Czech Post) and CSOB Group (the Czech Republic Business Unit of Belgian KBC Group) concluded a 10-year partnership agreement on the provision of banking and insurance services.
29 June 2017STATISTICS: UPDATE: CZECH market totaled EUR 5.5 bilion in 2016
According to "ARAD time series database" available on the CNB website (Czech National Bank) - the local insurance industry totaled at the end of 2016 about CZK 147.22 billion (~EUR 5.45 billion).
15 June 2017
