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Czech Republic Insurance Report Q1 2017

  • November 2016
  • -
  • Business Monitor International
  • -
  • 62 pages

Includes 3 FREE quarterly updates


BMI View:

The Czech Republic insurance market will continue to present opportunities to investors and potential new entrants over the next few years. The sector has yet to reach the maturity of a number of neighbouring European insurance markets, and, despite fierce competition in the motor and property segments, lines such as health and personal accident insurance are starting to develop. Robust economic activity will lead to growing household incomes over the next few years, which will in turn lead to rising consumer spending and demand for discretionary insurance products. Again this backdrop we expect major international insurers to continue increasing their exposure to the market, and many will be looking for potential partnerships and acquisitions of smaller, indigenous players. However, due to the underdeveloped nature of the sector, we caution that premiums, and hence insurance, revenues will be volatile in some areas of the Czech market over the forecast period, and particularly in the life insurance segment.

Key Updates And Forecasts


- In September 2016, the president of the Czech Doctors' Chamber, Milan Kubek, said that public health insurance revenues would continue to rise in 2017, reaching CZK274bn. The Chamber said that the growth in revenues ran counter to an increased funding shortfall across the country's public health system due to a lack of state investment.

Table Of Contents

Czech Republic Insurance Report Q1 2017
BMI Industry View 5
Table: Headline Insurance Forecasts (Czech Republic 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Czech Republic 2013-2020) 12
Table: Life Insurance Claims (Czech Republic 2008-2015) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Czech Republic 2013-2020) 16
Table: Non-Life Insurance Claims (Czech Republic 2009-2015) 18
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Czech Republic 2013-2020) 27
Insurance Risk/Reward Index 29
Emerging Europe Insurance Risk/Reward Index 29
Table: Emerging Europe Insurance Risk/Reward Index - Q117 30
Market Overview 31
Life Market Overview 31
Product Offering 31
Competitive Landscape 32
Table: Life Insurance Market Share (USDmn), 2008-2014 33
Non-Life Market Overview 33
Product Offering 33
Competitive Landscape 34
Table: Non-Life Market Share (USDmn), 2008-2015 36
Company Profile 37
Allianz 37
ERGO 41
Generali 45
UNIQA Group 49
Vienna Insurance Group (VIG) 52
Methodology 56
Industry Forecast Methodology 56
Sector-Specific Methodology 57
Risk/Reward Index Methodology 59
Table: Indicators 61
Table: Weighting of Indicators 62

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