STATISTICS: Update 1Q2019, CZECH REPUBLIC: Insurance market compressed by 4% y-o-y, CNB reports

27 June 2019 — Andrei Victor
According to the most recent figures available on the CNB website (Czech National Bank), the local insurance industry totaled about CZK 41.8 billion (~EUR 1.6 billion) at the end of March 2019, down by 4.2% y-o-y.

For the life segment, the aggregate GWP value (including reinsurance) was CZK 14.8 billion (EUR 575 million), while the value of paid claims and indemnities - including change in balance of technical provisions, was CZK 10.3 billion. For the non-life segment, the same indicators were as follows: CZK 26.9 billion (GWP) and CZK 12.8 billion in claims.

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* Exchange rates:
1 EUR = 25.430 CZK (March 31st, 2018)
1 EUR = 25.800 CZK (March 31st, 2019)

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