Reinsurance in the Czech Republic, Key Trends and Opportunities to 2017

Date: September 13, 2013
Pages: 71
Price:
US$ 1,950.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: R98BEF2B426EN
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Reinsurance in the Czech Republic, Key Trends and Opportunities to 2017
Synopsis

The report provides in depth market analysis, information and insights into the Czech reinsurance market, including:
  • The Czech reinsurance market’s growth prospects by reinsurance categories
  • The Czech reinsurance market’s growth prospects by reinsurance ceded from direct insurance segments
  • The competitive landscape in the Czech reinsurance insurance market

Summary

The Czech reinsurance segment recorded strong growth during the review period (2008–2012), despite the adverse impact of the global economic crisis in 2008 and 2009. The Czech reinsurance segment grew in premium value at a CAGR of 20.5% during the review period, primarily due to the high growth recorded by the Czech Republic’s personal accident and health insurance segment and the increasing share of personal accident and health and non-life insurers’ premium ceded to reinsurers. The Czech Republic suffered from the impact of a flood in 2012, which resulted in insured losses of more than CZK7.0 billion (US$358.4 million). Although the impact was not as severe as the 2002 floods that cost insurance companies more than CZK30.0 billion (US$1.5 billion), this increased the reliance of non-life insurers on reinsurers.

Scope

This report provides a comprehensive analysis of the reinsurance market in the Czech Republic:
  • It provides historical values for the Czech Republic’s reinsurance market for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in the Czech Republic’s reinsurance market, along with market forecasts until 2017
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in the Czech Republic and its growth prospects

Reasons To Buy
  • Make strategic business decisions using historic and forecast market data related to the Czech reinsurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Czech reinsurance market
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Czech insurance market and its impact on companies and the market's future

Key Highlights
  • The Czech reinsurance segment increased during the review period at a CAGR of 20.5%.
  • The Czech Republic faced severe weather conditions, such as a catastrophic flooding event in 2002, snow pressure in 2006, Windstorm Kyrill in 2007, and floods in 2010 and more recently in June 2013. These events impacted the reinsurance industry in the country.

1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 CZECH REPUBLIC INSURANCE INDUSTRY ATTRACTIVENESS

3.1 Insurance Industry Size, 2008–2017
3.2 Reinsurance Growth Dynamics and Challenges
  3.2.1 Reinsurance segment size, 2008–2017
  3.2.2 Reinsurance segment size by type of insurance, 2008–2017

4 KEY INSURANCE INDUSTRY TRENDS AND DRIVERS

4.1 Key Trends
4.2 Life Insurance Growth Drivers
4.3 Non-Life Insurance Growth Drivers
4.4 Personal Accident and Health Insurance Growth Drivers

5 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

5.1 Overview
5.2 VIG Re Zaji??ovna AS – Company Overview
  5.2.1 VIG Re Zaji??ovna AS – key facts
  5.2.2 VIG Re Zaji??ovna AS – key financial analysis

6 BUSINESS ENVIRONMENT AND COUNTRY RISK

6.1 Business Confidence
  6.1.1 Market capitalization trend – Prague Stock Exchange, Czech Republic
6.2 Economic Performance
  6.2.1 GDP at constant prices (US$)
  6.2.2 GDP per capita at constant prices (US$)
  6.2.3 GDP at current prices (US$)
  6.2.4 GDP per capita at current prices (US$)
  6.2.5 GDP by key segments
  6.2.6 Agriculture, hunting, forestry and fishing net output at current prices (CZK)
  6.2.7 Agriculture, hunting, forestry and fishing net output at current prices (US$)
  6.2.8 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
  6.2.9 Manufacturing net output at current prices (CZK)
  6.2.10 Manufacturing net output at current prices (US$)
  6.2.11 Manufacturing net output at current prices as a percentage of GDP
  6.2.12 Mining, manufacturing and utilities net output at current prices (CZK)
  6.2.13 Mining, manufacturing and utilities at current prices (US$)
  6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
  6.2.15 Construction net output at current prices (CZK)
  6.2.16 Construction net output at current prices, (US$)
  6.2.17 Construction net output at current prices as a percentage of GDP
  6.2.18 Inflation rate
  6.2.19 Exports as a percentage of GDP
  6.2.20 Imports as a percentage of GDP
  6.2.21 Exports growth
  6.2.22 Imports growth
  6.2.23 Annual average exchange rate CZK–US$
6.3 Infrastructure Quality and Availability
  6.3.1 Commercial vehicles exports total value
  6.3.2 Commercial vehicles imports total value
  6.3.3 Automotive exports total value
  6.3.4 Automotive imports total value
  6.3.5 Total internet subscribers
6.4 Labor Force
  6.4.1 Labor force
  6.4.2 Unemployment rate
6.5 Demographics
  6.5.1 Gross national disposable income (US$)
  6.5.2 Total population
  6.5.3 Urban and rural populations
  6.5.4 Median age of the population
  6.5.5 Age distribution of the total population

7 APPENDIX

7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric’s Services
7.5 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: Czech Insurance – Overall Written Premium by Segment (CZK Billion), 2008–2012
Table 3: Czech Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 4: Czech Insurance – Overall Written Premium by Segment (CZK Billion), 2012–2017
Table 5: Czech Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 6: Czech Insurance – Segmentation (% Share), 2008–2017
Table 7: Czech Reinsurance by Category (CZK Billion), 2008–2012
Table 8: Czech Reinsurance by Category (US$ Million), 2008–2012
Table 9: Czech Reinsurance by Category (CZK Billion), 2012–2017
Table 10: Czech Reinsurance by Category (US$ Million), 2012–2017
Table 11: Czech Premium Ceded to Reinsurance by Type of Insurance (CZK Billion), 2008–2012
Table 12: Czech Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008–2012
Table 13: Czech Premium Ceded to Reinsurance by Type of Insurance (CZK Billion), 2012–2017
Table 14: Czech Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012–2017
Table 15: Czech Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 16: Czech Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 17: Czech Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Table 18: Czech Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Table 19: Czech Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 20: Czech Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 21: VIG Re Zaji??ovna AS, Key Facts
Table 22: VIG Re Zaji??ovna AS, Key Financial Analysis (CZK Million), 2009–2011

LIST OF FIGURES

Figure 1: Czech Insurance – Overall Written Premium by Segment (CZK Billion), 2008–2017
Figure 2: Czech Insurance – Dynamics by Segment (%), 2008–2017
Figure 3: Czech Premium Ceded to Reinsurance by Category (CZK Billion), 2008–2017
Figure 4: Czech Premium Ceded to Reinsurance by Type of Insurance (CZK Billion), 2008–2017
Figure 5: Czech Reinsurance – Dynamics by Type of Insurance (%), 2008–2017
Figure 6: Czech Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 7: Czech Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 8: Czech Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Figure 9: Czech Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Figure 10: Czech Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 11: Czech Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 12: Prague Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 13: Czech GDP at Constant Prices (US$ Billion), 2007–2011
Figure 14: Czech GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 15: Czech GDP at Current Prices (US$ Billion), 2007–2011
Figure 16: Czech GDP Per Capita at Current Prices (US$), 2007–2011
Figure 17: Czech GDP by Key Segments (%), 2009 and 2011
Figure 18: Czech Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (CZK Billion), 2007–2011
Figure 19: Czech Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 20: Czech Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 21: Czech Manufacturing Net Output at Current Prices (CZK Billion), 2007–2011
Figure 22: Czech Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 23: Czech Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 24: Czech Mining, Manufacturing and Utilities Net Output at Current Prices (CZK Billion), 2007–2011
Figure 25: Czech Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 26: Czech Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 27: Czech Construction Net Output at Current Prices (CZK Billion), 2007–2011
Figure 28: Czech Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 29: Czech Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 30: Czech Inflation Rate (%), 2007–2011
Figure 31: Czech Exports as a Percentage of GDP (%), 2007–2011
Figure 32: Czech Imports as a Percentage of GDP (%), 2007–2011
Figure 33: Czech Exports Growth (%), 2007–2011
Figure 34: Czech Imports Growth (%), 2007–2011
Figure 35: Czech Annual Average Exchange Rate, US$–CZK, 2007–2011
Figure 36: Czech Commercial Vehicles Exports – Total Value (US$ Million), 2007–2011
Figure 37: Czech Commercial Vehicles Imports – Total Value (US$ Million), 2007–2011
Figure 38: Czech Automotive Exports – Total Value (US$ Billion), 2007–2011
Figure 39: Czech Automotive Imports – Total Value (US$ Million), 2007–2011
Figure 40: Czech Internet Subscriptions (Millions), 2007–2011
Figure 41: Size of the Czech Labor Force in the 15–59 Years Age Group (Million), 2007–2011
Figure 42: Czech Unemployment Rate (%), 2007–2011
Figure 43: Czech Gross National Disposable Income (US$ Billion), 2007–2011
Figure 44: Czech Total Population (Million), 2007–2011
Figure 45: Czech Urban and Rural Populations (%), 2007–2011
Figure 46: Czech Median Age of Population (Years), 2007–2011
Figure 47: Czech Population Distribution by Age (%), 2007–2011

COMPANIES MENTIONED

VIG Re Zajistovna AS

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