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Czech Republic Insurance Report Q2 2016

  • January 2016
  • -
  • Business Monitor International
  • -
  • 59 pages

BMI View: Strong domestic economic growth underpins our expectations for steady growth in both life andnon-life premiums over the course of our five year forecast period through to 2020. Rising rates ofhousehold spending and declining unemployment rates will drive demand for a range of insurableconsumer products, while wider economic growth will support increases in corporate lines, particularlycredit and financial guarantee insurance which is currently a minor line. While low interest rates continueto dampen demand for life insurance products, positive demographic trends and a growing middle classensure some growth will be maintained.

Key Updates And Forecasts

- Following strong growth in autos sales in 2015, we expect to see a short-term contraction in the motorinsurance segment which dominates the non-life market, primarily due to intense premium pricingcompetition as the BMI Autos team does expect to see further growth in new vehicle sales over 2016.Overall, non-life premiums are forecast to fall by 1.7% in 2016 before returning to growth over theremainder of the forecast period.
- Growth in the life sector will slow in 2016 compared to 2015, largely a result of tax revisions which havesubdued demand but also due to lingering effects from low investment returns. We expect life premiumsto grow by 2.0% over the year, with similar growth expected through to 2020.

Table Of Contents

Czech Republic Insurance Report Q2 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Czech Republic 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Czech Republic 2013-2020) 11
Table: Life Insurance Claims (Czech Republic 2007-2014) 12
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Czech Republic 2013-2020) 15
Table: Non-Life Insurance Claims (Czech Republic 2008-2014) 17
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (Czech Republic 2013-2020) 26
Insurance Risk/Reward Index 28
Emerging Europe Risk/Reward Index 28
Table: Emerging Europe Insurance Risk/Reward Index - Q216 29
Market Overview 30
Life Market Overview 30
Product Offering 30
Competitive Landscape 31
Table: Life Insurance Market Share (USDmn), 2008-2014 32
Non Life Market Overview 33
Product Offering 33
Competitive Landscape 33
Table: Non-Life Market Share (USDmn), 2008-2014 35
Company Profile 36
Allianz 36
ERGO 39
Generali 42
UNIQA Group 46
Vienna Insurance Group (VIG) 49
Methodology 53
Industry Forecast Methodology 53
Risk/Reward Index Methodology 56
Table: Indicators 58
Table: Weighting of Indicators 59

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