The Czech insurance market shows a high level of market concentration. The three leading insurance groups have a combined market share of around 70%.

The Czech insurance market recorded a slight increase of 0.8% in 2012, based on the local currency. Due to continuing strong competition in the motor vehicle business, premiums written decreased somewhat in the non-life area (-0.2%). The non-life segment excluding motor vehicle insurance showed stable growth, with an increase of 3.0%. Life insurance premium volume rose by 1.8%, with products with regular premiums in particular gaining in popularity.

The Czech government is currently preparing further pension reforms. This creates additional potential for life and health insurance over the medium term.

Insurance density was EUR 548 in 2011, of which EUR 275 was for non-life insurance and EUR 273 for life insurance.

Market growth in 2012 compared to the previous year

Market shares of the major insurance groups

This information
was audited by PWC
GmbH, Vienna on
March 12, 2013.