STATISTICS: CZECH REP., FY2019, CNB figures: Non-life insurance maintained the market dynamic in positive area

26 March 2020 — Andrei Victor
The Czech National Bank - CNB most recent figures show that at the end of 2019 the local insurance industry totaled about CZK 165.92 billion (~EUR 6.53 billion), up by 6.63% y-o-y.

For the life segment, the GWP value (including reinsurance) decreased by 5% to CZK 53.41 billion, while the value of paid claims and indemnities - including the change in balance of technical provisions, remained unchanged at CZK 43billion.

In the case of general insurance segment, the same indicators were as follows: FY2019 GWP of CZK 112.51 billion (up by more than 13% y-o-y) and January-December 2019 payments of CZK 58.19 billion, 17.9% more y-o-y.

Access xprimm.com and download the latest Czech insurance market statistics.

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