STATISTICS: Update 3Q2019, CZECH REPUBLIC: Insurers' business expanded by more than 5% y-o-y, CNB reports

16 January 2020 — Andrei Victor
According to the most recent figures available on the Czech National Bank (CNB) website, the local insurance industry totaled about CZK 124.45 billion (~EUR 4.82 billion) at the end of September 2019, up by 5.86% y-o-y.

For the life segment, the aggregate GWP value (including reinsurance) was CZK 45.12 billion (EUR 1.75 billion), while the value of paid claims and indemnities - including change in balance of technical provisions, was CZK 34.75 billion.

For the non-life segment, the same indicators were as follows: CZK 79.33 billion (GWP) and CZK 40.80 billion (in claims).

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