Czechia
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Czech Rep.: Lenka KEJIKOVA received the "green light" from CNB as CEO of Generali Pension Company
Italian group GENERALI announced that the Czech National Bank (CNB) approved the appointment of Lenka KEJIKOVA as new CEO of Generali pension company (GPS) in the Czech Republic and a member of its Board of Directors. She was nominated last 1st of July taking over the role from Radek MOC, who is now focusing on his function as Head of Strategy in the Austria, CEE & Russia Region.
1 September 2021RENOMIA expands its footprint in the Southeast Europe, increasing its business to over EUR 0.5 billion
RENOMIA, the leading Czech insurance broker, will gain a 30% business share in the Croatian market leader FORTIUS INTER PARTES (Fortius), thus significantly strengthening its current position in Croatia and at the same time entering two new countries - Slovenia and Bosnia and Herzegovina, where Fortius has branches.
19 August 2021RMS: tornadoes are more common in Europe than we usually think
Tornadoes are more common in Europe than is perhaps thought, with over 100 occurring on average each year across the continent, Laurent MARESCOT, Senior Director, Market and Product Expert for EMEA and CIS with RMS said in a post on LinkedIn.
8 July 2021Insured losses in Czechia from the devastating tornado a week ago expected to reach approx. EUR 140.5 million
Insurance companies in the Czech Republic estimate the damage caused by a devastating tornado last Thursday at CZK 3.6 billion (approx. EUR 140.5 million), announced Radio Prague International today.
30 June 2021Generali Ceska pojistovna to merge with Generali Slovakia
Generali CEE Holding announced the merger of its Czech and Slovak units: Generali Ceska pojistovna and Generali Slovakia. Generali in Slovakia will operate as a branch of Generali Ceska pojistovna, under the name Generali Poistovna, a branch of an insurance company from another Member State.
29 June 2021STATISTICS: CNB: Czech insurers' Q1 GWP increased by 2.7% y-o-y, confirming the CAP statistics
The Q1 2021 figures recently published by the Czech National Bank - CNB show that the local insurance industry totaled about CZK 44.7 billion (~EUR 1.7 billion), up by 2.7% y-o-y, confirming the 2.4% year-on-year increase posted by Czech Insurance Association - CAP.
24 June 2021From 2022 the largest Czech insurer will not continue to insure CEZ Group's conventional coal-fired power plants
Generali CEE announced that from 2022, its Czech unit - Generali Ceska pojistovna will not continue to insure CEZ Group's conventional coal-fired power plants. "This decision to end the cooperation in the field of coal insurance was reached after a mutual agreement between the largest Czech insurance company and CEZ Group".
22 June 2021STATISTICS: CAP: Czech market reported significant slowdown of its growth-rate during Q1
According to Q1 2021 preliminary data reported by Czech Insurance Association - CAP, the local insurance market totaled CZK 37.68 billion (~EUR 1.44 billion).
17 June 2021Czech CSOB Group chooses Earnix to implement personalized consumer products and rates
CSOB Group, one of the largest banking and insurance institutions in the Czech Republic, has selected Earnix, a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks, to integrate its analytical personalization system into the Czech insurer personal lines insurance offering.
16 June 2021Czech Rep.: Three quarters of insurers' employees work from home
According to a regular report conducted by CAP (the Czech Insurance Association) on COVID-19 impact on member insurance companies, about three quarters of employees in insurance companies work remotely.
28 April 2021A quarter of Czechs keep savings in a current account or in cash
A quarter of Czechs still lose part of their savings to inflation. They consider cash or a current account to be the most suitable way to save money, according to a survey by Generali Investments CEE related to the Lion`s Share project.
19 April 2021STATISTICS: Czech insurers' YE2020 GWP increased by 1.2% y-o-y, CNB figures show
The YE2020 statistics recently published by the Czech National Bank - CNB show that the local insurance industry totaled about CZK 168 billion (~EUR 6.4 billion), up by 1.23% y-o-y.
The life segment decreased by almost 3% to CZK 51.8 billion, while the value of paid claims and indemnities - including the change in balance of technical provisions, remained unchanged at CZK 37.5 billion.
In the case of general insurance segment, the same indicators were as follows: FY2020 GWP of CZK 116.2 billion (up by more than 3% y-o-y) and January-December 2020 payments of CZK 54.3 billion, down by 6.3% y-o-y.
Access xprimm.com and download the FY2020 Czech insurance market statistics:
The life segment decreased by almost 3% to CZK 51.8 billion, while the value of paid claims and indemnities - including the change in balance of technical provisions, remained unchanged at CZK 37.5 billion.
In the case of general insurance segment, the same indicators were as follows: FY2020 GWP of CZK 116.2 billion (up by more than 3% y-o-y) and January-December 2020 payments of CZK 54.3 billion, down by 6.3% y-o-y.
Access xprimm.com and download the FY2020 Czech insurance market statistics:
8 April 2021STATISTICS: Czech Rep. insurers: The number of property claims more than doubled in 2020
According to preliminary data released by CAP - the Czech Insurance Association, at the end of 2020, the GWP generated by the CAP members totaled CZK 141.21 billion (EUR 5.38 billion), up by 3.61% y-o-y.
25 February 2021Czech insurers: The phenomenon of insurance fraud is growing every year
The members of Czech Insurance Association (CAP) announced that during last year they inspected a total of 9,362 suspicious insurance caim files, 14% more y-o-y, detecting insurance fraud in total amount of CZK 1.23 billion (~EUR 48 million) , 8.7% more y-o-y.
18 February 2021Martin DIVIS, CEO of KOOPERATIVA pojistovna VIG, reelected President of the Czech Insurance Association
CAP - The Czech Insurance Association announced in a statement the renewed structure of its highest body. As it does every two years, the assembly of association elected the nine members of its Presidium.
9 February 2021STATISTICS: Czech insurers' 9 months 2020 GWP expanded 1.4% y-o-y
The insurance market of Czech Republic ended the first 9 months of the year with GWP of CZK 126.5 billion (EUR 4.6 billion), up by 1.44% y-o-y, according to the figures published by the Czech National Bank (CNB).
14 January 2021STATISTICS: CZECH REPUBLIC, 1H2020: GENERALI's subsidiaries merger gave birth to a new market leader
Czech insurers ended the first half of 2020 with GWP worth EUR 3.16 billion. Which is 4.29% less y-o-y, the Central Bank's statistics show. However, in local currency, the rate growth remained slightly positive, of about 0.6% y-o-y. In fact, the overall negative trend was mainly driven by the life insurance segment which saw a 16.8% decline in GWP, thus losing about 5p.p. of its weight in the market portfolio.
15 October 2020STATISTICS: CZECH REPUBLIC, 1Q2020: Sensitive insurance products reacted to COVID-19 pandemic
The Czech National Bank Q1 2020 figures show that at the end of March 2020 the local insurance industry totaled about CZK 45.39 billion (~EUR 1.66 billion), up by 8.62% y-o-y.
23 July 2020CZECH REPUBLIC: Miroslav SINGER appointed to Government's National economic council dealing with economic impacts of Covid-19
Miroslav SINGER, Director of Institutional Affairs & CEE Chief Economist at GENERALI Holding CEE, was officially appointed as a member of the Czech government's National Economic Council (NERV) established on April 9 to tackle the impacts of the coronavirus crisis on economy.
22 April 2020CZECH REP.: Insurers and pensions companies will not pay dividend from last year's profits in order to strenghten their financial stability
The impact of the coronavirus pandemic dramatically changes the current outlooks for the global and Czech economy. Thus, for its March monetary policy meeting, the CNB Bank Board had at its disposal an extraordinary internal update of the macroeconomic forecast, which served as a basis for its last decisions.
1 April 2020
