Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | "Czech Republic Insurance Report Q1 2011" is now available at Fast Market ResearchRecently published research from Business Monitor International, "Czech Republic Insurance Report Q1 2011", is now available at Fast Market Research
In 2015, the corresponding figures should be CZK203,162mn, CZK119,858mn and CZK83,304mn. In terms of the key drivers that underpin our forecasts, we are looking for non-life penetration to rise from 2.11% of GDP in 2010 to 2.35% in 2014 and for life density to increase from US$353 per capita to US$450 per capita. BMI's proprietary Insurance Business Environment Rating (IBER) for the Czech Republic is 64.7. The Czech Republic's Insurance Sector In 2009 And 2010 Total premiums rose by 2% in 2009. Non-life premiums stagnated, and life premiums increased by 5%. At a time when life premiums especially have plummeted in many other countries in Central and Eastern Europe, this outcome is testament to the strength of the Czech Republic's financial system, economy and insurers. This result is in spite of a decline in the number of policies in 2009. The total number of life policies, for instance, dropped from 10.104mn at the end of 2008 (a lower level than that of the end of 2007) to 9.460mn by the end of September 2009. Interestingly, the number of unit-linked life policies actually rose in the first nine months of 2009 from 1.529mn to 1.764mn. In the non-life segment the number of policies fell from 18.150mn at the end of 2008 to 17.814mn at the end of September 2009. Czech insurers are, on average, extracting higher premiums from each customer. In October 2010, the very latest data from the Czech Insurance Association (or CAP, to give it its Czech language initials) confirms this encouraging picture. Through 1H10, non-life premiums were only 0.7% lower than they had been in the previous corresponding period. This was in spite of a 5.9% contraction in compulsory motorists' third party liability (CMTPL) insurance and a 7.0% fall in motor hull insurance (i.e. CASCO). Together, these two lines accounted for almost half of all non-life premiums in 1H10: the implication is that a broad range of commercial and property lines are growing quite strongly in spite of the still challenging economic environment. More surprising was the 21.5% surge in life premiums. This is the result of a 73.0% surge in premiums on single payment products - from CZK7,892mn in H109 to CZK13,653mn in H110. The implication is that are able to save, and find the products of the life insurers to be an attractive alternative. In previous reports, we have noted how, during 2009, the subsidiaries of Vienna Insurance Group and Generali/PPF appeared to gain market share at the expense of the other insurance companies. During H110, the trends were rather different. CAP's figures show that, in the non-life segment, the main winners of market share were smaller or specialist operators such as EGAP, the export guarantee insurer, Slavia, AXA, Wustenrot, Cardif, HDI, Victoria, HVP and Uniqa. Of the larger firms, both Kooperativa and Ceska Poistovna, respectively the largest subsidiaries of Vienna Insurance Group and Generali/PPF lost ground. In the life segment, spectacular gains in market share were made by bank-affiliated insurers such as Komercni Poistovna, Vienna Insurance Group's PCS and CSOB Poistovna. The implication is that the life segment expanded rapidly because of the success of these insurers in selling single premium products. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary - Table: Overview Of The Czech Republic's Insurance Sector - Table: Premiums By Lines, 2008-209(CZKmn) - Issues To Watch SWOT Analysis - Czech Republic Industry SWOT - Czech Republic Political SWOT - Czech Republic Economic SWOT - Czech Republic Business Environment SWOT MetLife's Acquisition Of ALICO - Table: ALICO At A Glance - Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%) - Table: ALICO - A Market Leader In Japan - Table: MetLife's Acquisition Of ALICO - Table: MetLife And ALICO Combined Central And Eastern European Markets Overview - Table: Non-Life Segment Premiums In Central And Eastern Europe - Table: Life Segment Premiums In Central And Eastern Europe Projections And Forecasts - Table: Premiums, 2007-2015 - Projections And Drivers Of Growth - Table: Growth Drivers, 2007-2015 Country Update - Macroeconomic Outlook - Czech Republic - GDP Contribution To Growth, 2007-2015 - Political Outlook Insurance Business Environment Rating - Table: Czech Republic's Insurance Business Environment Ratings - Table: Central And Eastern Europe Insurance Business Environment Ratings Regional Context - Table: Non-Life Premiums In A Regional Context, 2009 - Table: Life Premiums In A Regional Context, 2009 Major Players In The Czech Insurance Sector - Table: Principal Insurance Lines By Gross Written Premiums, H109 (CZKmn) - Table: Companies By Gross Written Premiums, January-September 2009 (CZKmn) Analysis Of Regional Competitive Conditions Company Profiles - Local Company Profiles - Ceska pojist'ovna - Regional Company Profiles - AEGON - ALICO - Allianz - Aviva - AXA - BNP Paribas/Cardif - ERGO - Eureko - Generali - GRAWE - Groupama - HDI-Gerling - ING - KBC Group - MetLife - Prudential Financial - QBE - RSA - UNIQA - Vienna Insurance Group - Zurich Country Snapshot: Czech Republic Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2002-2005 - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. 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. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number