Czech Republic

The development of the Czech insurance market was characterised, inter alia, by a strong single premium business in 2010. The life market, for example, increased by almost one fifth, while the non-life market remained almost unchanged. The competitive situation is still marked by the strong presence of two large insurance groups and a host of small and medium-sized market participants.

In 2010 the Vienna Insurance Group was able to keep the top position in the Czech Republic and now has a market share of 30.7%. For life insurance, it consolidated its first place with a market share of 26.6%. The Group’s market share of 34.4% put it in an excellent second place in the non-life insurance area.