Czechia
CZECHIA: Economic losses from drought could reach CZK 50 billion, insurers warn
The wider economic impact of severe drought in Czechia could reach CZK 30–50 billion, according to estimates presented by the Czech Insurance Association (ČAP). The association warns that the true cost of drought extends far beyond direct agricultural and forestry losses, affecting supply chains, investment, productivity and the environment.
15 October 2026STATISTICS: CZECHIA, 1H2026 (CNB): two years after the 2024 floods, insurers are still accumulating claims
The Czech insurance market totaled CZK 133.86 billion (EUR 5.51 billion) at the end of June 2026, up by 7.07% y-o-y in national currency (9.23% in European currency), according to data published by the Czech National Bank (CNB).
24 September 2026STATISTICS: CZECHIA, 1Q2026 (CNB): Strong growth, but still affected by claims inflation
According to the Czech National Bank data, Czech insurers ended Q1 2025 with GWP worth EUR 2.75 billion, 9.6% more y-o-y. Gross claims paid, including change in balance of technical provisions, have increased by 6.35%, to EUR 1.19 billion.
5 August 2026STATISTICS: CZECHIA, FY2025 (CNB): property insurance claims halved, as 2025 was a “calmer” year
The Czech insurance market totaled CZK 247.15 billion (EUR 10.19 billion) at the end of 2025, up by 7.26% y-o-y in national currency (11.4% in European currency), according to the year-end figures published by the Czech National Bank (CNB).
2 April 2026CZECHIA: New era for flood risk assessment: Intermap Technologies unveils advanced flood maps for insurers
A significant advancement in flood risk analytics is set to reshape how Czech insurance companies assess and price flood exposure. In response to the devastating floods of September 2024, a new generation of flood hazard maps and analytical tools will be available for the legal and insurance markets in 2026.
5 February 2026STATISTICS: CZECHIA 3Q2025: positive evolution on almost all insurance lines and decreasing claims expenses (CNB data)
The Czech insurance market ended the third quarter of 2025 with GWP worth CZK 186.93 billion (EUR 7.68 billion), up by 7.65% y-o-y, according to the end-September data published by the Czech National Bank (CNB).
22 January 2026CZECHIA: Claim inflation in compulsory insurance rises again
The upward trend in civil liability insurance claims continues – while about 259,000 claims were registered in 2023 and 263,000 in 2024, this year's total is expected to exceed 265,000, representing a 1% increase, the Czech Office of Insurers wrote.
25 November 2025STATISTICS: CZECHIA 1H2025: Major increase of the claims expenses for property insurance
According to the Czech National Bank data, Czech insurers ended H1 2025 with GWP worth EUR 5.05 billion, by 8.1% more y-o-y. Paid claims have increased by 7.07 %, to EUR 2.45 billion.
25 September 2025CZECHIA: sharp rise in fire-related insurance claims; Czechs not aware of their homes underinsured status
The Czech insurance market has recorded a marked increase in fire-related claims in the first half of 2025. According to the Czech Insurance Association, the number of insured fire events rose by 15% year-on-year, with 2,871 cases reported, compared to 2,489 in the same period of 2024.
21 August 2025STATISTICS: CZECHIA 1Q2025 (CNB): motor lines drove GWP growth while property lines pushed up claims expenses
According to the Czech National Bank data, Czech insurers ended Q1 2025 with GWP worth EUR 2.51 billion, by almost 7% more y-o-y. Paid claims have increased by 4.74%, to EUR 1.12 billion.
17 June 2025STATISTICS: CZECHIA FY2024: Strong impact of the September floods on the insurers’ claims expenses
The Czech insurance market totaled CZK 230.43 billion (EUR 9.15 billion) at the end of 2024, up by 8.13% y-o-y in national currency, according to the year-end figures published by the Czech National Bank (CNB).
Claims paid by local insurers totaled CZK 138.43 billion (EUR 5.49 billion) up by almost 27% y-o-y, of which CZK 38.5 billion related to property insurance, who saw a huge increase (156%) in the claims paid following the September floods in Czechia.
Claims paid by local insurers totaled CZK 138.43 billion (EUR 5.49 billion) up by almost 27% y-o-y, of which CZK 38.5 billion related to property insurance, who saw a huge increase (156%) in the claims paid following the September floods in Czechia.
17 April 2025VIG Re starts 2025 with a renewed composition of the Board
VIG Re, announced organizational changes to its Board of Management, effective 1 January 2025. These changes are designed to further enhance the company's strategic direction and operational efficiency, the company’s press release stated.
8 January 2025STATISTICS: CZECHIA 3Q2024: under the impact of the September floods, claims paid for property insurance almost doubled y-o-y (CNB data)
The Czech insurance market ended the third quarter of 2024 with GWP worth CZK 173.64 billion (EUR 6.89 billion), up by 7.9% y-o-y, according to the end-September figures published by the Czech National Bank (CNB).
18 December 2024CZECHIA: Insurance companies expect higher claims due to claims inflation
Damages under compulsory liability insurance this year keep increasing – the average payment for property damage increased by 9.9% as of September 30, 2024. Growth continues to be influenced by higher prices for labor and spare parts in car repair shops and gradual modernization of the vehicle fleet, the Czech Office of Insurers wrote.
19 November 2024CZECHIA: from October further changes in liability insurance expected
From October 1, 2024, there will be significant digitization in liability insurance. Online insurance registration will allow drivers to no longer keep Green Card policies with them, even in electronic form, the Czech Office of Insurers wrote.
1 October 2024STATISTICS: CZECHIA, 1H 2024: Property claims up by 12.6% and expected to further increase after the recent extreme weather in the Central Europe
According to the Czech National Bank data, Czech insurers ended H1 2024 with GWP worth EUR 4.63 billion, a total slightly superior to the H1 2023 one (+2.6%). Paid claims have also remained quasi stable, increasing by 1.85%, to EUR 2.28 billion.
26 September 2024CZECHIA: Accident Portal: Truck accidents make up 18% of all collisions over the past fourteen years
Trucks make up a significant part of the cars that move on roads. However, this type of transport is also involved to a considerable extent in accidents on Czech roads.
11 September 2024STATISTICS: CZECHIA 1Q2024: non-life claims expenses have increased at a higher pace than GWP
According to the Czech National Bank data, Czech insurers ended Q1 2024 with GWP worth EUR 2.35 billion, a total sum fairly equal to the Q1 2023 one. Paid claims have decreased by 1.6%, to EUR 1.07 billion.
4 September 2024Tobias SONNDORFER will take over VIG Re’s top position starting 1 January 2025
VIG Re announced that effective January 1, 2025, Tobias SONNDORFER will succeed Johannes Martin HARTMANN as Chief Executive Officer and Chairman of the Board of Directors in line with the established succession plan.
4 September 2024Czechia: 10 insurance companies have already joined the "right to be forgotten" standard for oncology patients
Ten insurance companies have already voluntarily signed up to the self-regulatory standard set up by the Czech Association of Insurance Companies (CAP) in November 2023 regarding equal access to persons who have experienced cancer.
16 May 2024
