Czech Republic

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Location map
author: OCHA/ ReliefWeb


Location:
- Central Europe;
- Neighbours: Austria, Germany, Poland, Slovakia.

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

Natural hazards:
- flooding.

Macro indicators
* 2018 estimates
Surface:78,866km2
Population*:10.6million
Pop. density*:134.3people/km2
GDP*:204.5EUR billion
GDP/capita*:19,301.7EUR

European Union:
EU member, since 2004

Currency: Koruna
Code: CZK
Since: 1993


Insurance market portfolio
* 2018 CNB estimates
TOTAL LIFE*:36%
TOTAL NON-LIFE*:64%
Overall Property*:16%
Overall Motor*:28%


Sources:



 


Statistics

Czech Rep 1H2019 Market Rankings ( C A P)

Czech Rep 1H19 Market Portfolio C N B


See all statistics

Latest news


S&P re-confirms A+ rating with stable outlook for VIG Re

On October 15, 2019, the international rating agency Standard & Poor's confirmed its long-term public issuer credit rating of "A+" and financial strength rating of "A+" with stable outlook for VIG RE zajistovna, a.s., affirming the same rating VIG Re has enjoyed since its founding in 2008.

CZECHIA: CNB sets up Insurance and Pension Supervision Department

Czech National Bank (CNB) established a new Supervision Department for Insurance Companies and Pension Companies, as part of the Financial Market Supervision Department, which splits from the Prudential Supervision Department, starting October 1st, 2019.


CZECHIA: Ceska pojist'ovna to join GENERALI Group family

Ceska pojist'ovna, the Czech insurance market leader of 2018, announced the decision to merge with the Czech branch of Generali, the unification of the two companies creating the largest local insurer in terms of total market share.








A new life insurance company will launch in CZ & SK markets

Youplus, a new life insurance company, will launch in the Czech and Slovak insurance markets in May 2019. Youplus will begin operation in the Czech Republic the first half of 2019 and enter the Slovak market in the second half.

New appointments made inside AXA CZ & SK

Starting with March 2019, AXA Group will have a new Chief Risk Officer and a new Chief Technical Insurance Officer operating inside Czech Republic and Slovakia. The changes are waiting for regulator's approvals.

EUROINS acquires ERGO subsidiaries in Czech Republic, Romania and Belarus

Bulgaria-based Euroins Insurance Group (EIG) has made a purchase agreement with Germany-based ERGO International AG for buying 4 ERGO insurance companies. EIG will take control over ERGO's life and non-life subsidiaries in Romania and Czech Republic, as well as the non-life company in Belarus.