Boston, MA -- (SBWIRE) -- 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.

View Full Report Details and Table of Contents

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

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Insurance research reports at Fast Market Research

You may also be interested in these related reports:

- Life Insurance in the Czech Republic, Key Trends and Opportunities to 2018
- The Insurance Industry in the Central African Republic, Key Trends and Opportunities to 2018
- Personal Accident and Health Insurance in the Czech Republic, Key Trends and Opportunities to 2018
- Non-Life Insurance in Indonesia, Key Trends and Opportunities to 2018
- Life Insurance in Indonesia, Key Trends and Opportunities to 2018
- Personal Accident and Health Insurance in Indonesia, Key Trends and Opportunities to 2018
- Reinsurance in the Czech Republic, Key Trends and Opportunities to 2018
- Life Insurance in Malta, Key Trends and Opportunities to 2018
- Non-Life Insurance in Malta, Key Trends and Opportunities to 2018
- Personal Accident and Health Insurance in Malta, Key Trends and Opportunities to 2018