STATISTICS: Czech National Bank: insurance sector expanded to EUR 6.6 billion at the end of Q3

23 January 2024 — Andrei VICTOR
STATISTICS: Czech National Bank: insurance sector expanded to EUR 6.6 billion at the end of Q3

The Czech insurance market ended the third quarter of 2023 with GWP worth CZK 160.9 billion (EUR 6.6 billion), up by 6.1% y-o-y, according to the end-September figures published by the Czech National Bank (CNB).

Claims paid by local insurers totaled CZK 81.4 billion (EUR 3.3 billion) down by 7 y-o-y, of which CZK 56.8 billion related to non-life insurance, the remaining CZK 24.6 billion being related to life insurance subclasses.

For the life segment, the GWP value (including reinsurance) decreased by 1.4% to CZK 40.5 billion, while the aggregate GWP related to non-life subclasses totaled at the end of September 2023 about CZK 120.4 billion (up by 8.9% y-o-y.

Access xprimm.com and download the Q3 2023 Czech insurance market statistics.
 

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