Czechia
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Ivan SPIRAKUS reelected as Head of Association of Czech Insurance Brokers
ACPM - The Association of Czech Insurance Brokers, informed in a statement that on the occasion on its General Meeting held on December 7th there were elected the new statutory bodies for the next two year term 2021-2023.
20 December 2021STATISTICS: Czech Rep, Q3 2021: CAP members 9 months GWP rise 4.7% y-o-y
According to the quarterly market figures published by CAP (Czech Insurance Association), at the end of September 2021, total GWP from the members of the association totaled CZK 110.84 billion (~EUR 4.35 billion).
15 November 2021UNIQA finalized the merger of ex-AXA subsidiaries in CEE
Austrian insurer UNIQA announced it successfully concluded the merger of its units with the former AXA subsidiaries in Poland, Czech Republic and Slovakia acquired a year ago for a total cash consideration of EUR 1.0 billion.
28 September 2021STATISTICS: Czech market posted 4% increase in H1 GWP, CNB & CAP figures shows
The first half year statistics recently published by the Czech National Bank - CNB show that at the end of June the local insurance industry totaled about CZK 89 billion (~EUR 3.5 billion), up by 4% y-o-y.
23 September 2021Czech Rep.: The eventful summer of 2021 increased insurers' expenses with property insurance claims by about 20%
Property insurance claims paid by Czech insurers in the first half of 2021 reached CZK 5.6 billion, up by almost 20% y-o-y, following the increased severity and frequency of the weather extreme events in 2021 as compared with 2020. The total number of claims files wet up by 76.6%, to 154,186.
2 September 2021Czech Rep.: Lenka KEJIKOVA received the "green light" from CNB as CEO of Generali Pension Company
Italian group GENERALI announced that the Czech National Bank (CNB) approved the appointment of Lenka KEJIKOVA as new CEO of Generali pension company (GPS) in the Czech Republic and a member of its Board of Directors. She was nominated last 1st of July taking over the role from Radek MOC, who is now focusing on his function as Head of Strategy in the Austria, CEE & Russia Region.
1 September 2021RENOMIA expands its footprint in the Southeast Europe, increasing its business to over EUR 0.5 billion
RENOMIA, the leading Czech insurance broker, will gain a 30% business share in the Croatian market leader FORTIUS INTER PARTES (Fortius), thus significantly strengthening its current position in Croatia and at the same time entering two new countries - Slovenia and Bosnia and Herzegovina, where Fortius has branches.
19 August 2021RMS: tornadoes are more common in Europe than we usually think
Tornadoes are more common in Europe than is perhaps thought, with over 100 occurring on average each year across the continent, Laurent MARESCOT, Senior Director, Market and Product Expert for EMEA and CIS with RMS said in a post on LinkedIn.
8 July 2021Insured losses in Czechia from the devastating tornado a week ago expected to reach approx. EUR 140.5 million
Insurance companies in the Czech Republic estimate the damage caused by a devastating tornado last Thursday at CZK 3.6 billion (approx. EUR 140.5 million), announced Radio Prague International today.
30 June 2021Generali Ceska pojistovna to merge with Generali Slovakia
Generali CEE Holding announced the merger of its Czech and Slovak units: Generali Ceska pojistovna and Generali Slovakia. Generali in Slovakia will operate as a branch of Generali Ceska pojistovna, under the name Generali Poistovna, a branch of an insurance company from another Member State.
29 June 2021STATISTICS: CNB: Czech insurers' Q1 GWP increased by 2.7% y-o-y, confirming the CAP statistics
The Q1 2021 figures recently published by the Czech National Bank - CNB show that the local insurance industry totaled about CZK 44.7 billion (~EUR 1.7 billion), up by 2.7% y-o-y, confirming the 2.4% year-on-year increase posted by Czech Insurance Association - CAP.
24 June 2021From 2022 the largest Czech insurer will not continue to insure CEZ Group's conventional coal-fired power plants
Generali CEE announced that from 2022, its Czech unit - Generali Ceska pojistovna will not continue to insure CEZ Group's conventional coal-fired power plants. "This decision to end the cooperation in the field of coal insurance was reached after a mutual agreement between the largest Czech insurance company and CEZ Group".
22 June 2021STATISTICS: CAP: Czech market reported significant slowdown of its growth-rate during Q1
According to Q1 2021 preliminary data reported by Czech Insurance Association - CAP, the local insurance market totaled CZK 37.68 billion (~EUR 1.44 billion).
17 June 2021Czech CSOB Group chooses Earnix to implement personalized consumer products and rates
CSOB Group, one of the largest banking and insurance institutions in the Czech Republic, has selected Earnix, a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks, to integrate its analytical personalization system into the Czech insurer personal lines insurance offering.
16 June 2021Czech Rep.: Three quarters of insurers' employees work from home
According to a regular report conducted by CAP (the Czech Insurance Association) on COVID-19 impact on member insurance companies, about three quarters of employees in insurance companies work remotely.
28 April 2021A quarter of Czechs keep savings in a current account or in cash
A quarter of Czechs still lose part of their savings to inflation. They consider cash or a current account to be the most suitable way to save money, according to a survey by Generali Investments CEE related to the Lion`s Share project.
19 April 2021STATISTICS: Czech insurers' YE2020 GWP increased by 1.2% y-o-y, CNB figures show
The YE2020 statistics recently published by the Czech National Bank - CNB show that the local insurance industry totaled about CZK 168 billion (~EUR 6.4 billion), up by 1.23% y-o-y.
The life segment decreased by almost 3% to CZK 51.8 billion, while the value of paid claims and indemnities - including the change in balance of technical provisions, remained unchanged at CZK 37.5 billion.
In the case of general insurance segment, the same indicators were as follows: FY2020 GWP of CZK 116.2 billion (up by more than 3% y-o-y) and January-December 2020 payments of CZK 54.3 billion, down by 6.3% y-o-y.
Access xprimm.com and download the FY2020 Czech insurance market statistics:
The life segment decreased by almost 3% to CZK 51.8 billion, while the value of paid claims and indemnities - including the change in balance of technical provisions, remained unchanged at CZK 37.5 billion.
In the case of general insurance segment, the same indicators were as follows: FY2020 GWP of CZK 116.2 billion (up by more than 3% y-o-y) and January-December 2020 payments of CZK 54.3 billion, down by 6.3% y-o-y.
Access xprimm.com and download the FY2020 Czech insurance market statistics:
8 April 2021STATISTICS: Czech Rep. insurers: The number of property claims more than doubled in 2020
According to preliminary data released by CAP - the Czech Insurance Association, at the end of 2020, the GWP generated by the CAP members totaled CZK 141.21 billion (EUR 5.38 billion), up by 3.61% y-o-y.
25 February 2021Czech insurers: The phenomenon of insurance fraud is growing every year
The members of Czech Insurance Association (CAP) announced that during last year they inspected a total of 9,362 suspicious insurance caim files, 14% more y-o-y, detecting insurance fraud in total amount of CZK 1.23 billion (~EUR 48 million) , 8.7% more y-o-y.
18 February 2021Martin DIVIS, CEO of KOOPERATIVA pojistovna VIG, reelected President of the Czech Insurance Association
CAP - The Czech Insurance Association announced in a statement the renewed structure of its highest body. As it does every two years, the assembly of association elected the nine members of its Presidium.
9 February 2021
