STATISTICS: Czechia, CAP: Insurance market continues to strengthen exceeding CZK 80 billion at the end of June

14 September 2022 — Andrei Victor
According to the H1 2022 figures released by the Czech Insurance Association - CAP, the aggregate GWP of member companies reaches at the end of June 2022 - the value of CZK 80.1 billion (EUR 3.2 billion) up by 7.8% y-o-y.

"Compared to the first quarter, this is a slight slowdown in the growth rate, but even so, it still exceeds the 4.4% increase achieved at the end of 2021", as the CAP representatives pointed out in a statement.

The life insurance segment rose by 3.1% y-o-y to CZK 25 billion (EUR 1 billion). For comparison, it grew by 2.7% a year before. Regular policies dominate the portfolio, representing almost 95% of life GWP, while the difference is represented by single premiums policies. Overall, "the total number of life insurance contracts continues to decrease. Compared to the first half of 2021, there are 1.7% fewer overall, which corresponds to a decrease of almost 85,000. Thus, 4.89 million contracts currently remain active", said Jaroslav Urban, Insurance Analyst, CAP.

Non-life insurance GWP increased year-on-year by more than CZK 5 billion or by 10.1% y-o-y and exceeded the value of CZK 55.1 billion (EUR 202 billion). Motor insurance continues to be dominant, accounting for more than 52% of non-life insurance. MTPL GWP reached almost CZK 15 billion, up by 3.5% or by CZK 501 million than in the same period last year. MoD sub-segment expanded by 8.9% y-o-y to CZK 13.9 billion.

In terms of GWP (life and non-life, summed), according to the CAP half-year statistics, the largest insures in the country were Generali Ceska pojistovna (24.7% market share), Kooperativa pojistovna (24.6%) and Allianz pojistovna (11.1%).

Access and download the 1H2022 Czech insurance market statistics.

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