The Q1 2022 figures published by the Czech National Bank (CNB) show that the local insurance industry totaled about EUR 2.1 billion - CZK 51.4 billion, up by 15% y-o-y.

The life segment was up by 4.8% to CZK 14.1 billion, while the value of paid claims and indemnities - including the change in balance of technical provisions, totaled CZK 11.6 billion.

Non-life GWP totaled CZK 37.3 billion (up by 19.4% y-o-y), while the value of payments expanded by almost 40% y-o-y to CZK 16.9 billion.

Click here to access XPRIMM data base and download the Q1 market figures released by CNB.

According to the quarterly figures published by the Czech Insurance Association (CAP), at the end of March 2022, the total written premiums the CAP members amounted to CZK 40.66 billion (~EUR 1.66 billion), up by 8.53% y-o-y. Click here for more details.