STATISTICS: UPDATE: CZECH market totaled EUR 5.5 bilion in 2016

According to "ARAD time series database" available on the CNB website (Czech National Bank) - the local insurance industry totaled at the end of 2016 about CZK 147.22 billion (~EUR 5.45 billion).

Data published by CNB include the results for the domestic insurers and branches of foreign companies.

For the life segment, the aggregate GWP value (incl. reinsurance) was CZK 59.59 billion (EUR 2.2 billion). The number of active policies reached 5,996,463, while the number of new policies - 683,509.

For the non-life segment, the same indicators were as follows: CZK 87.62 billion (GWP), 20,865,156 (active policies), 10,454,332 (new policies).

Access www.xprimm.com and download the preliminary FY2016 Czech Republic insurance market statistics.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

Bulgaria: Boiko ATANASSOV appointed as FSC's head

The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.

21.03.2019

TOP EVENT

Climate and cyber: two Cs with catastrophic potential and the insurance business - under debate in Vienna, on April 9

10 years after its inception, the Romanian mandatory dwelling insurance system has progressed and PAID, the pool underwriting and managing the mandatory policies is a strong and financially sound institution. "We are currently managing a reinsurance program worth EUR 920 million, with a pool of excellent reinsurers, more than half of them rated AA+, while the company's solvency rate is of 220%," recently stated Nicoleta RADU, CEO, PAID.

21.03.2019

Conclusions: TBILISI - the first Georgian International Insurance Conference

The first Georgian International Insurance Conference took place on 14 March 2019. The event put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system was the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.

14.03.2019

See all