STATISTICS: Czech Rep., FY2017: 18.4% increase in the claims paid for property insurance after Hewart
Note: In comparing the Czech market's results with other countries, one should consider that data provided by the CNB includes information on all Czech insurers, branches of insurers from other EU or EEA member states and branches of insurers from other countries in the Czech Republic as of the given date. Also included are data on the branches of these insurers operating abroad.
Out of the previously mentioned total, Czech insurers members of CAP - the local insurers' association -, accounted for a total of CZK 122.94 billion (EUR 4.98 billion).
Back to the official CNB data, some slight changes in the market portfolio are noticeable:
- Life insurance has recorded a negative growth rate, with GWP decreasing by 3.3%, to CZK 57.58 billion (Life and health insurance, incl. reinsurance, total); its share in the market portfolio decreased y almost 2pp, to 38.17%;
- Most non-life insurance lines saw a positive evolution, recording on average a 6.4% increase in GWP terms; thus, the non-life portfolio recorded only marginal changes.
Exchange rate: 1 EUR = 25.540 Kroon - CZK (December 31st, 2017)