CZECH REP., FY2011: Insurance market declined slightly, Central Bank

12 April 2012 — Vlad BOLDIJAR
CZECH REP., FY2011: Insurance market declined slightly, Central Bank
czech-statisticsCzech Republic gross written insurance premiums decrease slightly last year, to CZK 155.08 billion (EUR 6.01 billion), according to the financial indicators published by the Czech National Bank (CNB). These results confirm the market trend resulting from data collected by the insurers' association (CAP).

Despite the crisis, life insurance maintained, in local currency, its ascending trend. Here, CNB reported premiums written of over CZK 72.01 billion, up by 0.3% compared to previous year. In case of unit-linked policies, they have registered one of the main positive results of the entire insurance market: GWP totaled CZK 36.58 billion, 7.7% more than in 2010.

On the non-life insurance segment, the Czech insurers reported negative results in premiums, because gross written premiums for the whole of last year were down by 1.4% to CZK 83.07 billion. For example, MTPL, motor hull and accidents insurance feel by 8%, 5% and 1%. In contrast, one of the most important increases was reported on the property segment: +2.2% to CZK 25.59 billion.

Access www.xprimm.com and download the FY2011 Czech Republic insurance market statistics.

Market portfolio (in EUR and CZK) according to the Czech National Bank (CNB):
  • Gross written premiums
  • Paid claims
  • Growth rates
Market rankings in EUR and CZK (GWP/Paid claims/Market shares/Growth rates) according to the Czech Insurance Association (CAP):
  • Overall market ranking
  • Life insurance ranking
  • Non-life insurance ranking
  • Overall motor insurance ranking (motor hull and mtpl, added-up)
  • Motor hull insurance ranking
  • MTPL insurance ranking

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