STATISTICS: The Czech Rep., 3Q2015: Reinvigorated cars sales support the non-life insurance market growth

The Czech insurance market ended the first three quarters of 2015 with GWP of EUR 3.23 billion (CZK 87.96 billion), 1.87% up y-o-y, according to data provided by the Czech Insurance Association (CAP). Non-life recorded a positive change in GWP, acting thus as the market driver, while the life insurance segment saw a further decrease in premiums.

Life insurance GWP fell by 2.5%, to EUR 1.22 billion, mostly as a consequence of the changes introduced in the taxation system. On the other hand, the non-life insurance GWP went up by about 4.7%, to EUR 2.01 billion, driven in part by the motor insurance lines. However, according to CAP representatives, the premium growth recorded for the motor lines was not so much determined by the tariffs' increase, but by the recovering cars sales.

Ceska pojistovna, the Generali Group's Czech arm, maintained its leasing position in the market, with an over 23% market share. Kooperativa, pojistovna - member of VIG -, ranks second with an almost 20% market weight, while Allianz pojistovna closes the Top 3, holding a 9.8% share of the total market GWP.

Access and download the 3Q2015 Czech Republic insurance market statistics (in EUR and CZK) according to the Czech Insurance Association (CAP):
  • GWP portfolio & growth rates
  • Market rankings (Overall market, life, non-life, Motor TPL, Motor hull)

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