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Life Insurance in the Czech Republic, Key Trends and Opportunities to 2020

Life Insurance in the Czech Republic, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in the Czech Republic Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Czech life insurance segment, and a comparison of the Czech insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Czech economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in the Czech Republic Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Czech life insurance segment, including:

  • An overview of the Czech life insurance segment
  • The Czech life insurance segment’s growth prospects by category
  • A comprehensive overview of the Czech economy and demographics
  • A comparison of the Czech life insurance segment with its regional counterparts
  • The various distribution channels in the Czech life insurance segment
  • Details of the competitive landscape in the life insurance segment in the Czech Republic
  • Details of regulatory policy applicable to the Czech insurance industry
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 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Czech life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Czech life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in the Czech Republic.
  • It profiles the top life insurance companies in the Czech Republic and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Czech life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Czech life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Czech insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • In 2015, the life segment accounted for 33.4% of the industry’s overall gross written premium.
  • In January 2015, an amended income tax act came into force that restricted the tax benefits of private life insurance products.
  • The segment’s penetration stood at 1.1% in 2015.
  • Despite difficult operating conditions, life insurers registered an increase in their total assets.
  • The extremely low interest rate prohibited life insurers from offering value added products at affordable premium prices.


  • Key Facts and Highlights
    • Table Czech Life Insurance – Key Facts, 2015
    • Table Czech Life Insurance – Segment Shares (%) of the Top Insurers, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Czech Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Czech Life Insurance – Gross Written Premium (CZK Billion and US$ Billion), 2011–2015
        • Table Czech Life Insurance – Penetration (%), 2011–2015
        • Table Czech Life Insurance – Gross Written Premium (CZK Billion and US$ Billion), 2015–2020
        • Table Czech Life Insurance – Penetration (%), 2015–2020
        • Table Czech Life Insurance – Premium per Capita (CZK and US$), 2011–2015
        • Table Czech Life Insurance – Premium per Capita (CZK and US$), 2015–2020
      • Policies sold
        • Table Czech Life Insurance – Number of Policies Sold (Million), 2011–2015
        • Table Czech Life Insurance – Number of Policies Sold (Million), 2015–2020
      • Claims
        • Table Czech Life Insurance – Paid Claims (CZK Billion and US$ Billion), 2011–2015
        • Table Czech Life Insurance – Paid Claims (CZK Billion and US$ Billion), 2015–2020
      • Assets and investments
        • Table Czech Life Insurance – Total Assets (CZK Billion and US$ Billion), 2011–2015
        • Table Czech Life Insurance – Total Assets (CZK Billion and US$ Billion), 2015–2020
        • Table Czech Life Insurance – Total Investment Income (CZK Billion and US$ Billion), 2011–2015
        • Table Czech Life Insurance – Total Investment Income (CZK Billion and US$ Billion), 2015–2020
        • Table Czech Life Insurance – Investment Portfolio (CZK Billion), 2011–2015
        • Table Czech Life Insurance – Investment Portfolio (CZK Billion), 2015–2020
  • Outlook by Sub-Segment
    • Individual Life Insurance
      • Premium
        • Table Czech Individual Life Insurance – Direct Written Premium by Category (CZK Billion), 2011–2015
        • Table Czech Individual Life Insurance – Direct Written Premium by Category (CZK Billion), 2015–2020
      • Policies sold
        • Table Czech Individual Life Insurance – Number of Policies Sold by Category (Million), 2011–2015
        • Table Czech Individual Life Insurance – Number of Policies Sold by Category (Million), 2015–2020
      • Penetration
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Czech Insurance Industry – Market Shares of Leading Insurers (%), 2014
    • Company Profiles
      • Pojiš ovna Èeské spoøitelny, as – company overview
        • Table Pojiš ovna Èeské spoøitelny – Key Facts
        • Table Pojiš ovna Èeské spoøitelny – Key Financials (CZK Million), 2011–2014
      • Èeská pojiš ovna as – company overview
        • Table Èeská pojiš ovna – Key Facts
        • Table Èeská pojiš ovna – Key Financials (CZK Million), 2011–2014
      • Kooperativa pojiš ovna, as – company overview
        • Table Kooperativa pojiš ovna – Key Facts
        • Table Kooperativa pojiš ovna – Key Financials (CZK Million), 2011–2014
      • Komerèní pojiš ovna, as – company overview
        • Table Komerèní pojiš ovna – Key Facts
        • Table Komerèní pojiš ovna – Key Financials (CZK Million), 2011–2014
      • ING Životní pojiš ovna NV, poboèka pro Èeskou republiku – company overview
        • Table ING Životní pojiš ovna – Key Facts
        • Table ING Životní pojiš ovna – Key Financials (CZK Million), 2011–2014
      • ÈSOB Pojiš ovna, as, èlen holdingu ÈSOB – company overview
        • Table ÈSOB Pojiš ovna – Key Facts
        • Table ÈSOB Pojiš ovna – Key Financials (CZK Million), 2011–2014
      • Allianz pojiš ovna – company overview
        • Table Allianz pojiš ovna – Key Facts
        • Table Allianz pojiš ovna – Key Financials (CZK Million), 2011–2014
      • Axa životní pojiš ovna, AS – company overview
        • Table Axa životní pojiš ovna – Key Facts
        • Table Axa životní pojiš ovna – Key Financials (CZK Million), 2011–2014
      • Generali Pojiš ovna, as – company overview
        • Table Generali Pojiš ovna – Key Facts
        • Table Generali Pojiš ovna – Key Financials (CZK Million), 2011–2014
      • MetLife Europe Ltd, poboèka pro Èeskou republiku – company overview
        • Table MetLife – Key Facts
        • Table MetLife – Key Financials (CZK Million), 2012–2014
  • Governance, Risk and Compliance
    • Table Czech Republic – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life Insurance
        • Table Czech Republic – Life Insurance Regulatory Framework
      • Property Insurance
        • Table Czech Republic – Property Insurance Regulatory Framework
      • Motor Insurance
        • Table Czech Republic – Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Czech Republic – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workers' Compensation Insurance
      • Air carriers and aircraft operators insurance
        • Table Czech Republic – Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Clinical trials liability insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Czech National Bank
      • Czech Insurance Association
      • Federation of European Risk Management Associations (Ferma)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Czech Republic Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Czech Life Insurance – Policies and Premium, 2011–2015
      • Table Czech Life Insurance – Policies and Premium, 2015–2020
    • Claims and Expenses
      • Table Czech Life Insurance – Claims and Expenses, 2011–2015
      • Table Czech Life Insurance – Claims and Expenses, 2015–2020
    • Assets and Investments
      • Table Czech Life Insurance – Assets and Investments, 2011–2015
      • Table Czech Life Insurance – Assets and Investments, 2015–2020
    • Individual Life Insurance
      • Table Czech Life Insurance – Individual Life Insurance, 2011–2015
      • Table Czech Life Insurance – Individual Life Insurance, 2015–2020
    • Individual Life Insurance by Product
      • Table Czech Life Insurance – Individual Life Insurance by Product, 2011–2015
      • Table Czech Life Insurance – Individual Life Insurance by Product, 2015–2020
    • Individual Life – Single vs. Non-Single Premium
      • Table Czech Life Insurance – Individual Life Insurance by Premium, 2011–2015
      • Table Czech Life Insurance – Individual Life Insurance by Premium, 2015–2020
    • Linked vs. Non-Linked Policies
      • Table Czech Life Insurance – Linked vs. Non-Linked Policies, 2011–2015
      • Table Czech Life Insurance – Linked vs. Non-Linked Policies, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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