Czech Republic Insurance Report Q2 2016

Date: January 27, 2016
Pages: 59
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: CB7920D5B00EN

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Includes 3 FREE quarterly updates

BMI View: Strong domestic economic growth underpins our expectations for steady growth in both life and non-life premiums over the course of our five year forecast period through to 2020. Rising rates of household spending and declining unemployment rates will drive demand for a range of insurable consumer products, while wider economic growth will support increases in corporate lines, particularly credit and financial guarantee insurance which is currently a minor line. While low interest rates continue to dampen demand for life insurance products, positive demographic trends and a growing middle class ensure 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 motor insurance segment which dominates the non-life market, primarily due to intense premium pricing competition 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 the remainder of the forecast period.
  • Growth in the life sector will slow in 2016 compared to 2015, largely a result of tax revisions which have subdued demand but also due to lingering effects from low investment returns. We expect life premiums to grow by 2.0% over the year, with similar growth expected through to 2020.
BMI Industry View
  Table: Headline Insurance Forecasts (Czech Republic 2013-2020)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Czech Republic 2013-2020)
  Table: Life Insurance Claims (Czech Republic 2007-2014)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (Czech Republic 2013-2020)
  Table: Non-Life Insurance Claims (Czech Republic 2008-2014)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums by Product Line (Czech Republic 2013-2020)
Insurance Risk/Reward Index
Emerging Europe Risk/Reward Index
  Table: Emerging Europe Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
  Table: Life Insurance Market Share (USDmn), 2008-2014
Non Life Market Overview
Product Offering
Competitive Landscape
  Table: Non-Life Market Share (USDmn), 2008-2014
Company Profile


Vienna Insurance Group (VIG)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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