Czech Republic

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

Climate:
temperate; cool summers; cold, cloudy, humid winters

Natural hazards:
Flooding


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)

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

Insurance statistics

1H2017Market rankings (CAP)xlsx
1H2017Market portfolio (CNB)xlsx
1H2017Market portfolio (CAP)xlsx
1Q2017
Czech insurers and foreign branches
xlsx
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
FY2014
Market portfolio (CNB)xlsx
FY2014
Market rankings (CAP)xlsx
FY2014Market portfolio (CAP)xlsx
3Q2014
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
1H2013
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)
xlsx
3Q2011Insurance companies rankingxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2010Czech insurance market overviewpdf
1H2010Market portfolio and rankingsxlsx
1H2009
Czech insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009Czech insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls


Czechrep 1Q2018 Market Portfolio C A P

Czechrep 1Q2018 Market Rankings C A P

See all statistics

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.

CZECH REPUBLIC: PSCP takes over the client portfolio of RPS

Pension company of CESKA Pojistovna (PSCP) is going to take over the client portfolio of Raiffeisen pension company (RPS) in 2nd and also in 3rd pillar of retirement savings. This acquisition confirms the long-term strategic cooperation between financial groups of CESKA Pojistovna and Raiffeisenbank in the field of pensions. PSCP will gain about 12,200 customers from second pillar and 1000 clients in 3rd pillar. The whole transaction should be completed after complying with all regulatory steps at the beginning of the second half of this year.

VIG shines in the CZECH REPUBLIC

Vienna Insurance Group continued on its successful path in the Czech Republic also in 2013. Strengthening its number one position by increasing its market share to excellent 33.1 percent, the Group further widened the gap to its competitors.

CZECH Rep., 3Q2013: High competition prevents market return on a positive trend

Czech insurers' results in 3Q2013 are in line with the previous reporting periods. As compared with the previous year, figures are showing an almost unchanged GWP volume denominated in local currency (CZK) while denominated in euro, the market turnover recorded an almost 4% y-o-y decrease, to EUR 4.55 billion. It is interesting to observe though that, unlike other major CEE markets, the Czech market's decrease was mainly caused by the negative trend recorded on the life insurance side.

Komercni pojistovna wins the title of "The life insurance company in the Czech Republic"

For the second time in a row, Komercni pojistovna has received the highest award in the prestigious World Finance economic magazine's rating. Following its last year's primacy as The Insurance Company of the Year in the Czech Republic, this year it can again boast of a top rating, now as The Life Insurance Company of the Year in the Czech Republic, a new life category.

CZECH REPUBLIC: Martin Divis named "Insurance Manager of the Year"

Czech Group companies of Vienna Insurance Group have earned first place in three out of four categories in the "Insurance" sector in this year's industry competition run by financial advisory service provider Fincentrum. Ceska podnikatelska pojistovna (CPP) dominated the category of "Motor Insurance", taking first place, while second place went to Kooperativa. Pojistovna Ceske sporitelny (PCS), which distributes its products through the Czech subsidiary of Erste Group and is also part of the Group, climbed to top spot in the "Life Insurance" category.