About 34.6% of total GWP (CZK 21.8 billion) was generated by the 17 life insurers, the remaining CZK 41.1 billion being related to non-life subclasses - of which CZK 11.2 billion - MTPL and CZK 9.2 billion - MoD.
The largest insurer in the contry in GWP terms was CESKA pojistovna part of Generali CEE Holding (22.1% market share) followed by KOOPERATIVA pojistovna member of Austrian VIG (20.8% market share) and ALLIANZ pojistovna - the local subsidiary of the German insurance group (10.3%).
Find detailed 1H2017 market data in the forthcoming edition of the XPRIMM Insurance Report CEE, SEE & CIS - 1H2017, to be launched on Baden-Baden, Germany, on October 22nd.
Access www.xprimm.com and download the 1H2017 Czech Republic insurance market statistics according to CAP:
- GWP portfolio / growth rates / shares;
- Market rankings on the following segments: total market / life / non-life / MoD / MTPL / industry and business / retail property and liability.
According to "ARAD time series database" available on the CNB website (Czech National Bank) - the local insurance industry totaled at the end of June 2017 about CZK 77 billion (~EUR 2.9 billion).
The figures published by CNB include the results for the domestic insurers and branches of foreign companies (51 companies).
For the life segment, the aggregate GWP value (incl. reinsurance) was CZK 28.5 billion (EUR 1.1 billion). The number of active policies reached 5,911,408, while the number of new policies - 315,359.
For the non-life segment, the same indicators were as follows: CZK 48.5 billion (GWP, incl. accepted reinsurance), 21,318,372 (active policies), 5,290,188 (new policies).
The motor insurance segment generates more than a quarter of total market (~26.8%). In terms of GWP, the CNB figures were similar with the CAP data: MoD - GWP of CZK 9.2 billion (1,855,081 active policies), MTPL - GWP of CZK 11.5 billion (7,233,572 policies).
Access www.xprimm.com and download the 1H2017 Czech Republic insurance market statistics published by CNB.
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