location map
author: OCHA/ ReliefWeb

- Central Europe;
- Neighbours: Austria, Germany, Poland, Slovakia.

- temperate;
- cool summers;
- cold, cloudy, humid winters.

Natural hazards:
- flooding.

Macro indicators
* 2018 estimates
Pop. density*:134.3people/km2
GDP*:204.5EUR billion

European Union:
EU member, since 2004

Currency: Koruna
Code: CZK
Since: 1993

Insurance market portfolio
* 2018 CNB estimates
Overall Property*:16%
Overall Motor*:28%




tari standard

Czech Rep 1H2023 Market Portfolio C N B

tari standard

Czech Rep 1H2023 Market Portfolio Rankings C A P

See all statistics

Latest news

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.

RMS: 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.

Generali 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.

STATISTICS: 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 and download the FY2020 Czech insurance market statistics:

STATISTICS: 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.