location map
author: OCHA/ ReliefWeb

- Central Europe;
- Neighbours: Austria, Germany, Poland, Slovakia.

- temperate;
- cool summers;
- cold, cloudy, humid winters.

Natural hazards:
- flooding.

Macro indicators
* 2018 estimates
Pop. density*:134.3people/km2
GDP*:204.5EUR billion

European Union:
EU member, since 2004

Currency: Koruna
Code: CZK
Since: 1993

Insurance market portfolio
* 2018 CNB estimates
Overall Property*:16%
Overall Motor*:28%




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Czech Rep FY2022 Market Portfolio Rankings C A P

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Czech Rep 3Q2022 Market Portfolio C N B

See all statistics

Latest news

Czech Insurance Association: Detected insurance fraud totaled almost EUR 59 million in 2022

The number of insurance frauds increased during 2022, according to the figures published by the Czech Insurance Association (CAP). The professional association of Czech insurers informed that during last year, it inspected a total of 13,820 suspected claim files, up by 21% y-o-y, the aggregate value of detected fraud totaling CZK 1.42 billion - or ~EUR 59 million (up by CZK 173 million, or by 14% y-o-y). The average amount of detected fraud / claim file reached CZK 231 thousand (vs CZK 249 thousand in 2021 or CZK 288 thousand in 2020).

CAP: Every Czech has at least one insurance policy

Every Czech has at least one insurance policy according to a Survey published by Czech Insurance Association - CAP, about the perceptions of the insurance industry and conducted by the independent research agency SC&C.

UNILINK takes over the Czech broker INSIA

Czech insurance broker INSIA becomes part of the Polish UNILINK group, as INSIA informed here. According to the statement, UNILINK Group has acquired 80% of INSIA from Marsh.

ERGO pojistovna changed its name to SV pojistovna

On October 28, 2022, ERGO pojistovna changed its name to SV pojistovna, wrote here. Thus, the change of ownership of insurer to the German financial group SV Holding AG based in Dresden completed in November 2021, is publicly visible, informed.

STATISTICS: Czechia 1H2022, CNB: double digit growth supported by the non-life segment

According to the latest information provided by the Czech National Bank (CNB), the insurance market ended 1H2022 with GWP worth EUR 4.094 billion, up by 17.18% y-o-y. The strong upward trend was given by the non-life insurance sector, which non only dominated the portfolio (72.7% of total GWP), but also saw an almost 23% y-o-y increase in premiums.

STATISTICS: Czech insurance market expanded to EUR 7.2 bn, CNB year-end 2021 figures show

The insurance market of Czech Republic totaled CZK 179.80 billion (EUR 7.22 billion) at the end of 2021, up by 6.92% y-o-y, according to the year-end figures published by the Czech National Bank (CNB).

Claims paid by local insurers totaled CZK 101.91 billion (EUR 4.09 billion) up by 10.78 y-o-y, of which 61% related to non-life insurance, the remaining 39% being related to life insurance subclasses.

For the life segment, the GWP value (including reinsurance) remained at the 2020 level (~CZK 51.70 billion), while the value of paid claims and indemnities - including the change in balance of technical provisions, totaled CZK 39.57 billion.

Ales BLAZEK is the new CEO at CSOB, Czech Business Unit of KBC Group

Belgian financial group KBC announced that John HOLLOWS, CEO Czech Business Unit will retire after a career of nearly 26 years with KBC. At the same time, the Board of Directors has appointed Ales BLAZEK, the current CEO of KBC Bank Ireland, to the Executive Committee and successor to John HOLLOWS as CEO of the Czech Business Unit.