Czech Republic Insurance Q1 2019
The Czech Republic is one of the most important insurance markets in the CEE region and is served by several leadingmultinational insurers, most notably VIG and Generali. A growing economy and the country's high living standards have createdsteady demand for basic lines including motor and property insurance, while life insurance is well recognised as a savings andinvestment product by many Czech households. Competitive pressures within the motor and property insurance sub-sectors willconstrain the growth of non-life insurance. Competition from other savings products has curtailed the growth of life insurancepremiums.
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