Czech Republic's insurance companies posted combined gross written premiums of EUR 4.77 billion (CZK 118 billion) in 3Q2011, up 2.3% (in European currency) from a year earlier, according to the financial indicators published by the Czech National Bank (CNB). These results confirm the data collected by the insurers' association (CAP), released in November, 2011.

General insurance premiums totaled EUR 2.59 billion, remaining at the same level as in 3Q2010. The only lines that have recorded increases were MTPL, Motor hull and financial loss insurance. In contrast, one of the most important decreases, of 3%, was reported on the property segment.

As in 1H2011, life insurance maintained its ascending trend. Thus, CNB reported premiums written of over EUR 2.17 billion on life, up by 5% compared to the same period of the previous year (EUR 2.07 billion). Unit-linked policies were the main growth driver for the entire insurance market, gross written premiums totaling more than EUR 1.1 billion, 22% more than in 3Q2010. At the same time, their share in total underwritings remains high, at 23.2% (51% of life insurance market).

Access www.xprimm.com and download the 3Q2011 Czech Republic insurance market statistics.

Market portfolio (in EUR and CZK):

• Gross written premiums
• Paid claims
• Growth rates