News
The insurance market did not succumb to the influence of economic crisis
The insurance market of the year 2009 noted half increase compared to the year 2008, nevertheless did not succumb to the influence of economic crisis.
Total volume of annually underwritten premium increased by 2,5% to CZK 139,9 billion. Life insurance’s growth tempo has annually increased by significant 5,1%, statistics of non-life insurance noted a stagnation +0,6%.
Despite expected slowing-down of growth tempo dynamics actual statistics for 2009 of members of Česká asociace pojišťoven (Czech insurers association) show positive results, whereby confirm the long-term stability of this segment. Significant is the annual growth of life insurance. Non-life insurance on the other hand stagnates. All branches of the liability insurance take a large share in this stagnation; vehicle insurance decrease has a direct connection with a decrease of vehicle’s sale last year. On the contrary a stable interest show business risks categories, whereby companies try to protect their property against impending natural catastrophes and other ominous effects.
