Czech Republic

Central Europe, between Germany, Poland, Slovakia, and Austria

temperate; cool summers; cold, cloudy, humid winters

Natural hazards:

Currency: Kroon (CZK)

1 EUR = 27.020 Kroon - CZK (December 31st, 2016)
1 EUR = 27.025 Kroon - CZK (December 31st, 2015)
1 EUR = 27.725 Kroon - CZK (December 31st, 2014)
1 EUR = 27.425 Kroon - CZK (December 31st, 2013)
1 EUR = 25.140 Kroon - CZK (December 31st, 2012)
1 EUR = 25.800 Kroon - CZK (December 31st, 2011)
1 EUR = 25.060 Kroon - CZK (December 31st, 2010)

The Czech National Bank (CNB)
Czech Insurance Association (CAP)

Insurance statistics

1H2017Market rankings (CAP)xlsx
1H2017Market portfolio (CNB)xlsx
1H2017Market portfolio (CAP)xlsx
Czech insurers and foreign branches
1Q2017Market rankings (CAP)xlsx
1Q2017Market portfolio (CNB)xlsx
1Q2017Market portfolio (CAP)xlsx
FY2016Market portfolio (CNB)xlsx
FY2016Market portfolio (CAP)xlsx
FY2016Insurance companies rankings (CAP)xlsx
3Q2016Market portfolio (CNB)xlsx
3Q2016Market portfolio (CAP)xlsx
3Q2016Market rankings (CAP)xlsx
1H2016Market portfolio (CAP)xlsx
1H2016Market rankings (CAP)xlsx
1Q2016Market portfolio (CNB)xlsx
1Q2016Market portfolio (CAP)xlsx
1Q2016Insurance companies rankings (CAP)xlsx
FY2015Market portfolio (CNB)xlsx
FY2015Market portfolio (CAP)xlsx
FY2015Insurance companies rankings (CAP)xlsx
3Q2015Market portfolio (CNB)xlsx
3Q2015Market rankings (CAP)xlsx
3Q2015Market portfolio (CAP)xlsx
1H2015Market portfolio (CNB)xlsx
1H2015Market rankings (CAP)xlsx
1Q2015Market portfolio (CNB)xlsx
1Q2015Market portfolio (CAP)xlsx
1Q2015Insurance companies rankings (CAP)xlsx
Market portfolio (CNB)xlsx
Market rankings (CAP)xlsx
FY2014Market portfolio (CAP)xlsx
Market Portfolio (CNB)xlsx
3Q2014Market portfolio (CAP)xlsx
1H2014Insurance market overview pdf
1H2014Market Portfolio (CNB)xlsx
1H2014Insurance Companies Rankings (CAP)xlsx
1Q2014Market portfolio (CNB)xlsx
1Q2014Market portfolio (CAP)xlsx
1Q2014Insurance companies rankings (CAP)xlsx
FY2013Insurance market overview pdf
FY2013Market Portfolio (CNB)xlsx
FY2013Market portfolio and rankings (CAP)xlsx
3Q2013Market Portfolio (CNB)xlsx
3Q2013Market portfolio and rankings (CAP)xlsx
1H2013Insurance market overview pdf
Market rankings (CAP)xlsx
1H2013Market portfolio (CNB)xlsx
1Q2013Market portfolio and rankings (CAP)xlsx
1Q2013Market portfolio (CNB)xlsx
FY2012Insurance market overview pdf
FY2012Market rankings (CAP)xlsx
FY2012Market portfolio (CNB)xlsx
3Q2012Market portfolio (CNB)xlsx
3Q2012Market rankingsxlsx
3Q2012Market portfolio (CAP)xlsx
1H2012Insurance market overview pdf
1H2012Market rankingsxlsx
1H2012Market portfolio (CAP)xlsx
1Q2012Market portfolio and rankings (CAP)xlsx
1Q2012Market portfolio (CNB)xlsx
FY2011Insurance market overview pdf
FY2011Market portfolio (CNB)xlsx
FY2011Market portfolio (CAP)xlsx
FY2011Insurance companies rankingsxlsx
3Q2011Market portfolio (CNB)xlsx
3Q2011Market portfolio (CAP)
3Q2011Insurance companies rankingxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2010Czech insurance market overviewpdf
1H2010Market portfolio and rankingsxlsx
Czech insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
Non-Life insurance rankings xls
2009Czech insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls

Czech Rep FY2017 Market Portfolio (CAP)

Czech Rep FY2017 Market Rankings (CAP)

See all statistics

CZECH REPUBLIC: Pojistovna CS invests millions of Czech crowns in IT

Czech insurance company Pojistovna Ceske sporitelny, Vienna Insurance Group (Pojistovna CS) invests millions of Czech crowns in IT. Besides the biometric signature, it offers also applications to secure information about insurance, or model contracts (SmartClient), CIANEWS was told by company spokeswoman Jana Jiraskova. According to her words, the insurance company wants to allow insured event reports online, introduce a client portal with information about policies and it wants to focus on multi-channel communication in the future.

KOOPERATIVA- VIG: One third of homes and half of contents still uninsured in the Czech Republic

KOOPERATIVA pojistovna - VIG, the second largest insurer in the Czech market, paid CZK 1.5 billion (~EUR 54 million), for 21,000 claims arising from the natural disasters in 2014. By comparison, in the previous year 23,000 similar claims were reported, with a total value of CZK 2 billion, of which CZK 1.6 billion were paid only for the damages produced by the June floods which affected the territory of the Czech Republic in 2013.

STATISTICS: CZECH Rep., FY2014: Despite the positive trend in motor insurance, market doesn't take off yet

Hopes for a strong recovery of the insurance market were not confirmed as the full year figures of the CAP - the Czech Insurers Association show only a very small growth in terms of GWP (1.05%), to CZK 115.19 billion. In European currency, given the significant depreciation of the Czech koruna, the total GWP amounted to EUR 4.15 billion, a value close to the one from 2013.

Insurance prescribed by VIG decreased by 2.8% in nine months in the CZECH REPUBLIC

The profit of VIG insurance group, parent company of Kooperativa pojistovna and CPP, prior to taxation reached a total of EUR 127.6m for January to September of 2014. This represents a year-on-year decrease by 11.9%. Gross insurance prescribed by the group in the Czech Republic has decreased year on year by 2.8 % to EUR 1.28bn. Out of this, the segment of life insurance posted 2.7% growth to EUR 645.4m and non-life insurance posted a decrease by 7.9% to EUR 635.2m.

The TRIGLAV Group exits the Czech insurance market and focuses on strengthening its operations in the South-East Europe target markets

TRIGLAV Group exits the Czech market by selling its local subsidiary TRIGLAV pojistovna, Brno to VIGO Finance, part of VIGO Investments Group. The sale is expected to be completed by May 2015. The decision on the sale is in line with the TRIGLAV Group Strategy, focused on increasing the value of the Group and effectively managing the TRIGLAV Group's subsidiaries. Zavarovalnica TRIGLAV estimates that the sale of the subsidiary will have no major impact on the Group's performance.

CZECH REPUBLIC: The largest insurance broker RENOMIA continues to grow

RENOMIA GROUP, the largest group of insurance brokers on the market in the Czech Republic, closed out the 2013 fiscal year with a record amount of insurance premiums negotiated, reaching CZK 5.3 billion, an increase of 10%. It has thus confirmed its leading position on the Czech insurance market. In 2013 RENOMIA, a.s. achieved a consolidated pre-tax profit of CZK 94 million.

Czech Insurance Association, 1Q2014: Insurance market is experiencing a mild recovery

First-quarter figures of the Czech Insurance Association (CAP) member companies revealed a mild recovery after a long period of stagnation in the insurance market. Annual premiums grew by almost CZK 400 million to CZK 30.6 billion (Note: ~EUR 1.1 billion), which is a 1.3% increase. Non-life insurance played an important role in the recovery. Life insurance, a long-term stabilizing segment, went up by only 0.7%.
The Czech insurance market ended 2013 with a modest premium growth of 1.9% y-o-y, to GWP of CZK 156.5 billion, showing an already traditional picture of steadiness. However, in European currency, following the about 9% depreciation of the Czech kroon over the last 12 months, the overall market results show a negative change of 6.6% y-o-y, to a total amount of GWP of EUR 5.7 billion.