The Czech insurance market ended the third quarter of 2022 with GWP worth CZK 151.47 billion (EUR 6.17 billion), up by 12.55% y-o-y, according to the end-September figures published by the Czech National Bank (CNB).

Claims paid by local insurers totaled CZK 87.55 billion (EUR 3.56 billion) up by 15.93 y-o-y, of which 60% related to non-life insurance, the remaining 40% being related to life insurance subclasses.

For the life segment, the GWP value (including reinsurance) increased by 4.35% to CZK 41.09 billion, while the value of paid claims and indemnities - including the change in balance of technical provisions, totaled CZK 34.70 billion.

At the same time, the aggregate GWP related to non-life subclasses totaled at the end of September 2022 about CZK 110.38 billion (up by 15.94% y-o-y) while January-September 2022 payments amounted CZK 52.85 billion, 12.45% more y-o-y.

Access xprimm.com and download the Q3 2022 Czech insurance market statistics.