At the end the third quarter of 2016, the Czech Rep. insurance market totaled CZK 111.6 billion (EUR 4.1 billion), 3.7% less y-o-y, according to the market statistics published on the Czech National Bank website. If the life insurance segment reported an 8% y-o-y decrease (to EUR 1.6 billion), the non-life insurance maintained at about the 3Q2015 level: GWP of EUR 2.5 billion.

The life insurance market has been dragged down by its two major business lines: the traditional policies decreased by about 31% y-o-y to EUR 279 million, while the unit-linked segment was down by more than 2% y-o-y to EUR 929 million.

In case of the non-life subclasses, the 8.7% decrease reported for MTPL (to EUR 611 million) was offset by positive rates in other lines of business: Motor hull (+7.6%), property (+2.6%), GTPL (+6.5%).

Access www.xprimm.com and download the 3Q2016 Czech Republic insurance market statistics.