STATISTICS: Czechia: CAP insurers’ business totaled over EUR 5 billion at the end of September

13 December 2023 — Andrei VICTOR
STATISTICS: Czechia: CAP insurers’ business totaled over EUR 5 billion at the end of September

According to the CAP (Czech Insurance Association) quarterly figures, at the end of September 2023 the aggregate GWP reported by member companies totaled CZK 127 billion (EUR 5.2 billion) up by 6.5% y-o-y.

Life insurance accounted for 30% of GWP portfolio (CZK 38.2 billion, up by 2.3% y-o-y), the remaining 70% (or CZK 88.8 billion, up by 8.5% y-o-y) being accounted by non-life portfolio, the largest shares being accounted by Motor TPL (18.37% of total GWP), MoD (18.35%), industry and business (16%) and retail property & liability insurance (10.4%).

In terms of GWP, the largest life insurers in the country were Kooperativa VIG (30.45% market share), Generali Ceska Pojistovna (20.22%) and NN (8.99%), while the top 3 non-life market players was formed by Generali Ceska Pojistovna (26.25%), Kooperativa (20.56%) and Allianz (13.17%).

Access xprimm.com and download the Q3 2023 Czech insurance market statistics.
 

592 views