Czech Republic Insurance Q3 2019
The dominant presence in both major segments of the Czech insurance sector of subsidiaries of VIG and Generali (alongwith other multi-national majors) is an important strength. These companies' access to capital, strong brands, multi-channeldistribution and proven ability to control costs augurs well for profitability. Growth in premiums, though, is unlikely to be rapid.Competitive pressures are restraining growth in the motor vehicle and property insurance sub-sectors. Growing savings will notnecessarily flow to life insurance, of which premiums are set to grow from 2019.
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