Czech Republic Insurance Report Q3 2018
The Czech Republic is one of the most important insurance markets in the Central and Eastern Europe (CEE) region andis populated by several leading multinational insurers, most notably VIG and Generali. A growing economy and the country's highliving standards have created a steady demand base for basic lines including motor and property insurance, while life insurance iswell recognised as a savings and investment product by Czech households. The familiarity of these basic lines has resulted in acompetitive pricing environment, however, while there is growing competition in the life segment from other financial servicesproviders. Going forwards, the most fruitful growth strategies are likely to be those focusing on relatively untapped segments suchas health insurance as well as discretionary consumer lines.
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