Czech Republic Insurance Report Q1 2016 - New Market Research Report

From: Fast Market Research, Inc.
Published: Fri Oct 30 2015

The Czech life segment is going to return to more positive growth in 2015 following a relatively stagnant 2014. The life market stands to benefit from new tax incentives as well as a gradually improving domestic economic environment. The Czech non-life sector is expected to show good growth in 2015, driven primarily by an expansion in the large motor vehicle insurance line.

Overall we expect to see good growth in the Czech Republic's life and non-life insurance sectors in 2015, slowing towards the end of our forecast period in 2019. This growth is based upon an increasingly positive outlook for economic recovery in the Czech Republic, though we note some headwinds to growth remain such as intense competition in the fragmented market which places downwards pressure on pricing.

Full Report Details at

The insurance sector in the Czech Republic is relatively well developed and exhibits sophistication relative to others in the region, thanks to the presence of subsidiaries of multi-nationals which dominate both the life and non-life sector. We believe the Czech Republic insurance sector will continue to be supported by the presence of major international players, with almost all subsidiaries of major multi-national insurers adding gravitas and sophistication to the national market. These companies compete through brand, multi-channel distribution strategies, product innovation and price.

Both the life and non-life segments share a roughly equal portion of the market (at 48.7% and 51.3% respectively), though penetration (premiums against GDP) and density (premiums per capita) in both segments have for some time remained at relatively low levels given the overall income levels in the country. At present, we expect life premiums to grow by 9.6% in 2015, compared to just 4.2% growth in the non-life sector.

The Czech Republic Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Czech Republic Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Czech insurance industry.

Key Benefits

* Benchmark BMI's independent insurance industry forecasts for Czech Republic to test other views - a key input for successful budgeting and strategic business planning in Czech Republic's insurance market.
* Target business opportunities and risks in Czech Republic

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Australia Insurance Report Q1 2016
- New Zealand Insurance Report Q1 2016
- Iran Insurance Report Q1 2016
- Czech Republic Tourism Report Q1 2016
- The Insurance Industry in the Central African Republic, Key Trends and Opportunities to 2019

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »