One should consider that rather significant difference between the data in the Czech Insurers Association reports and those provided by CNB is caused by the different cluster of reporting companies considered. The CNB data include information on all Czech insurers, branches of insurers from other EU or EEA member states and branches of insurers from other countries in Czechia as of the given date. Also included are data on the branches of these insurers operating abroad.
Life insurance recorded a lower-than-average growth pace, GWP increasing by 4.34% y-o-y, to EUR 1.13 billion. Both classes of life insurance products that have an investment component (Insurance with profit participation, Index-linked and unit-linked) saw a negative trend.
On the non-life side all classes recorded double-digit positive growth rates. Overall, GWP for non-life insurance went up by 22.85% y-o-y, to EUR 2.98 billion. Motor insurance and property insurance have contributed the most, in absolute terms, to the market growth.
Access xprimm.com and download the 1H2022 Czech insurance market statistics.