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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the -Czechian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Czechia's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Czechia non-life (P&C) market as well as trends by line of business. Axco analysts also report on Czechia's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Czechia's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Czechia, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Czechia, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in the Czech Republic with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
In 2020 the Czech Republic was the 35th largest non-life market in the world and the second largest market in central and east Europe after Poland. Non-life premium income was CZK 108.62bn (USD 5.06bn). The country is a member of the EU, and its insurance legislation is therefore based on the EU insurance directives. Most of its insurers are branches or subsidiaries of EU-based groups which cede their reinsurance to group captive reinsurers. Many of the Czech Republic's industries are either owned by EU multinationals or closely integrated into EU supply chains. The process of EU integration is so advanced that ....
This is a brief extract of information; more updated information may be available in the latest published report