Life Insurance in the Czech Republic, Key Trends and Opportunities
to 2018
Synopsis
The
report provides in-depth market analysis, information and insights into the
Czech life insurance segment, including:
·
The Czech life insurance segment's growth prospects by life
insurance categories
·
Key trends and drivers for the life insurance segment
·
The various distribution channels in the Czech life insurance
segment
·
The detailed competitive landscape in the life insurance segment
in the Czech Republic
·
Detailed regulatory policies of the Czech insurance industry
·
A description of the life reinsurance segment in the Czech
Republic
·
Porter's Five Forces analysis of the life insurance segment
Summary
In terms
of gross written premium, the Czech Republic has the second-largest life
insurance segment in the Central and Eastern European region, after Poland. The
country's economy remained under pressure during the review period (2009-2013),
as a result of the global, financial and eurozone debt crises, although there
is suggested to be much stability taking place in the economy over the forecast
period (2013-2018). During the review period, the Czech life insurance segment
grew at a compound annual growth rate (CAGR) of 2.1%. The country's GDP, at
current prices, declined at a CAGR of -3.3% during the review period, resulting
in an increase in the penetration of life insurance, from 1.42% in 2009 to
1.59% in 2013. The Czech insurance industry is expected to grow over the
forecast period (2013-2018), in the presence of factors such as product
innovation by insurers and consumer demand towards individual whole life
insurance. Individual whole life products are expected to lead the industry's
growth over the forecast period, and the pension reform is expected to spur the
demand in life segment.
Scope
This
report provides a comprehensive analysis of the life insurance segment in the
Czech Republic:
·
It provides historical values for the Czech life insurance
segment for the report's 2009-2013 review period and forecast figures for the
2013-2018 forecast period.
·
It offers a detailed analysis of the key categories in the Czech
life insurance segment, along with market forecasts until 2018.
·
It covers an exhaustive list of parameters, including written
premium, incurred loss, loss ratio, commissions and expenses, combined ratio,
frauds and crimes, total assets, total investment income and retentions.
Complete Report at http://marketreportsstore.com/life-insurance-in-the-czech-republic-key-trends-and-opportunities-to-2018/ .
Reinsurance
in the Czech Republic, Key Trends and Opportunities to 2018
Synopsis
The
report provides in depth market analysis, information and insights into the
Czech reinsurance segment, including:
·
The Czech reinsurance segment's growth prospects by reinsurance
categories
·
Key trends and drivers for the reinsurance segment
·
The Czech reinsurance segment's growth prospects by reinsurance
ceded from direct insurance segments
·
The competitive landscape in the Czech reinsurance segment
Summary
The
Czech reinsurance segment recorded significant growth during the review period
(2009-2013), at a compound annual growth rate CAGR of 19.5%. The country
frequently faces severe weather conditions, such as catastrophic flooding in
2002, heavy snowfall in 2006, windstorm Kyrill in 2007, and flooding in 2010
and in June 2013. As a result, there is high demand for insurance protection
against natural disasters, and insurance companies tend to rely on reinsurance
services to mitigate their risks, as the high number of natural disasters will
therefore benefit the reinsurance segment.
Scope
This
report provides a comprehensive analysis of the reinsurance segment in the
Czech Republic:
·
It provides historical values for the Czech Republic's
reinsurance segment for the report's 2009-2013 review period and forecast
figures for the 2013-2018 forecast period.
·
It offers a detailed analysis of the key sub-segments in the
Czech Republic's reinsurance segment, along with market forecasts until 2018.
·
It provides a detailed analysis of the reinsurance ceded from
various direct insurance segments in the Czech Republic and its growth
prospects.
Key highlights
·
The Czech reinsurance segment recorded significant growth during
the review period (2009-2013), at a compound annual growth rate CAGR of 19.5%.
·
Regarding the implementation of Solvency II, regulatory changes
by the EU commission and CNB are expected to increase insurers' minimum
stipulated capital requirements over the forecast period.
·
Prior to 2008, there were no reinsurance companies operating in
the Czech Republic.
·
The reinsurance segment is dominated by VIG Re Zajiovna as, a
subsidiary of Vienna Insurance Group (VIG), which is the only company operating
as a reinsurer that has been licensed by the Czech National Bank.
Complete report
available at http://marketreportsstore.com/reinsurance-in-the-czech-republic-key-trends-and-opportunities-to-2018/ .
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