Investor Presentaiton
Insurance sector
The Czech insurance sector is dominated by the Generali
Česká pojišťovna and VIG insurance groups. The remainder
of the TOP 10 insurance companies is made up by composite
insurance companies, while the rest is represented by bank-
assurance and specialised insurance companies.
As of 31 December 2021, 41 insurers (including foreign
branches) and one reinsurance company offered insurance
services to clients in the Czech Republic. Local shareholders
controlled 12 insurance companies, whereas the rest had
mostly foreign owners. Gross written premium of 2021
reached CZK 179.6 billion. Overall market profitability
is approximately a 22% return on equity (three-year
average/2019-2021) and the market manages approximately
CZK 526 billion of assets.
Typical products include both life and non-life insurance.
The non-life insurance business is dominated by car
insurance (compulsory motor third party liability insurance
and casualty and collision (automobile insurance)) and
commercial insurance.
Supervision of the insurance market is performed by the
CNB.
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