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Market Report, "Non-Life Insurance in the Czech Republic, Key Trends and Opportunities to 2018", Published

New Insurance research report from Timetric is now available from Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 06/17/2014 -- As a result of the global financial and eurozone debt crises, the Czech Republic's economy was under significant pressure during the review period (2009-2013). However, stability is projected for the forecast period (2013-2018), which will have positive impact on the growth of the non-life segment. The segment's gross written premium declined at a CAGR of -0.3%. This was due to the country's weak economic growth and a decline in the penetration of non-life insurance products. Despite this, the motor insurance category was the largest in the non-life segment, and accounted for 46.4% of the total non-life gross written premium value in 2013. The category declined at a CAGR of 3.6% during the review period, due to a fall in premium prices as a result of the economic downturn and a fall in the average price of new cars.

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Report Highlights

- Despite this, the motor insurance category was the largest in the non-life segment, and accounted for 46.4% of the total non-life gross written premium value in 2013.
- The number of new motor insurance policies grew during the review period due to a rise in automobile sales.
- Property insurance is the second-largest category in the non-life segment, accounted for 35.7% of the total non-life written premiums value in 2013.
- In 2013, agencies accounted 40.0% of the non-life gross written premium generated through new business.
- The Czech non-life insurance segment is highly concentrated, with the 10 leading companies collectively accounting for a 93.3% share of the segment's gross written premium in 2012.

Report Scope

This report provides a comprehensive analysis of the non-life insurance segment in the Czech Republic:

- It provides historical values for the Czech Republic's non-life insurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
- It offers a detailed analysis of the key categiories in the Czech Republic's non-life insurance segment, along with market forecasts until 2018.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
- It analyses the various distribution channels for non-life insurance products in the Czech Republic.
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in the Czech Republic for the non-life insurance segment.
- It provides a detailed analysis of the reinsurance segment in the Czech Republic, and its growth prospects.
- It profiles the top non-life insurance companies in the Czech Republic and outlines the key regulations affecting them.

Companies Mentioned in this Report: Ceska Pojistovna AS, Kooperativa Pojistovna AS, Allianz Pojistovna AS, Generali Pojistovna AS, Ceska Podnikatelska Pojistovna, CSOB Pojistovna AS, Uniqa Pojistovna, Pojistovna Cardif Pro Vita, Axa Zivotni Pojistovna, Slavia Pojistovna AS

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