Personal Accident and Health Insurance in the Czech Republic, Key Trends and Opportunities to 2018

Published: Jun, 2014 | Pages: 233 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Czech personal accident and health insurance segment, including:
The Czech personal accident and health insurance segment's growth prospects by insurance categories 
Key trends and drivers for the personal accident and health insurance segment 
The various distribution channels in the Czech personal accident and health insurance segment
The detailed competitive landscape in the personal accident and health insurance segment in the Czech Republic
Detailed regulatory policies of the Czech insurance industry
A description of the personal accident and health reinsurance segment in the Czech Republic
Porter's Five Forces analysis of the personal accident and health insurance segment 

Summary
The personal accident and health insurance segment consists of categories such as personal accidents, travel and health insurance. The segment's gross written premium grew at a CAGR of 7.5% during the review period. Factors such as high accident rates, rising healthcare expenditure, inadequate public healthcare service, an aging population and increasing awareness on the benefits of private health insurance all helped to drive the personal accident and health insurance segment during the review period. Furthermore, over the forecast period, the segment's growth will be supported by the increased participation of private health insurers, following rising healthcare expenditure. 
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in the Czech Republic:
It provides historical values for the Czech personal accident and health insurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
It offers a detailed analysis of the key sub-segments in the Czech personal accident and health insurance segment, along with market forecasts until 2018.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
It analyses the various distribution channels for personal accident and health insurance products in the Czech Republic.
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in the Czech Republic for the personal accident and health insurance segment.
It provides a detailed analysis of the reinsurance segment in the Czech Republic, and its growth prospects.
It profiles the top personal accident and health insurance companies in the Czech Republic and outlines the key regulations affecting them. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Czech personal accident and health insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Czech personal accident and health insurance segment
Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Czech insurance segment and its impact on companies and the market's future 
Key Highlights
 Health insurance led the segment, with 72.5% of the segment's gross written premiums in 2013.
During the review period, healthcare expenditure as a percentage of GDP increased from 6.8% in 2008 to 7.3% in 2013.
Personal accident insurance was the second-largest category in the segment, accounting for 14.0% of the segment's written premiums in 2013.
Agency networks were the leading distribution channel for personal accident and health insurance products in 2013, holding a 49.8% share of new business gross written premium.
The Czech Republic contains a highly competitive personal accident and health segment, which includes both domestic and foreign companies.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Czech Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2009-2018
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Recent Market Developments
4 Persol Accident and Health Insurance Segment Outlook
4.1 Consumer Segmentation
4.2 Product and Marketing Strategies
4.2.1 Product Strategies
4.2.2 Marketing Strategies
4.3 Persol Accident and Health Insurance Growth Prospects by Category
4.3.1 Persol accident
4.3.2 Travel insurance
4.3.3 Health insurance
4.3.4 Non-life health insurance
4.3.5 Life health insurance
5 Alysis by Distribution Channel
5.1 Direct Marketing
5.2 Bancassurance
5.3 Agencies
5.4 E-Commerce
5.5 Brokers
5.6 Other Channels
6 Porter's Five Forces Alysis - Czech Persol Accident and Health Insurance Segment
6.1 Bargaining Power of Suppliers: Medium
6.2 Bargaining Power of Buyers: Medium to High
6.3 Barriers to Entry: Medium
6.4 Intensity of Rivalry: Medium to High
6.5 Threat of Substitutes: High
7 Reinsurance Growth Dymics and Challenges
7.1 Reinsurance Segment Size, 2009-2018
7.2 Reinsurance Segment Size by Type of Insurance, 2009-2018
8 Governce, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Legislation and Market Practice by Type of Insurance
8.2.1 Life insurance
8.2.2 Property insurance
8.2.3 Motor insurance
8.2.4 Marine, aviation and transit insurance
8.2.5 Persol accident and health insurance
8.3 Compulsory Insurance
8.3.1 Motor third-party liability insurance
8.3.2 Workers' Compensation Insurance
8.3.3 Air carriers and aircraft operators insurance
8.4 Supervision and Control
8.4.1 Intertiol Association of Insurance Supervisors (IAIS)
8.4.2 European Insurance and Occupatiol Pensions Authority (EIOPA)
8.4.3 Czech tiol Bank
8.4.4 Czech Association of Insurers
8.5 Non-Admitted Insurance Regulations
8.5.1 Overview
8.5.2 Intermediaries
8.5.3 Market practices
8.5.4 Fines and pelties
8.6 Company Registration and Operations
8.6.1 Types of insurance organization
8.6.2 Establishing a local company
8.6.3 Foreign ownership
8.6.4 Types of license
8.6.5 Capital requirements
8.6.6 Solvency margins
8.6.7 Reserve requirements
8.6.8 Investment regulations
8.6.9 Statutory return requirements
8.6.10 Fee structure
8.7 Taxation
8.7.1 Insurance premium or policy taxation
8.7.2 Withholding taxes on premium paid overseas
8.7.3 Corporate tax
8.7.4 VAT
8.7.5 Captives
8.8 Legal System
8.8.1 Introduction
8.8.2 Access to court
8.8.3 Altertive dispute resolution (ADR)
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Czech Persol Accident and Health Insurance Segment
9.3 Vojenska Zdravotni PojiS?ov ?eske Republiky - Company Overview
9.3.1 Vojenska Zdravotni PojiS?ov ?eske Republiky - key facts
9.4 Uniqa Pojistov - Company Overview
9.4.1 Uniqa Pojistov AS - key facts
9.5 Allianz Pojistov AS - Company Overview
9.5.1 Allianz Pojistov AS - key facts
9.6 Bupa Intertiol - Company Overview
9.6.1 Bupa Intertiol - key facts
9.7 Slavia Pojistov - Company Overview
9.7.1 Slavia Pojistov AS - key facts
9.8 Axa Zivotni Pojistov - Company Overview
9.8.1 Axa Zivotni Pojistov - key facts
9.9 Pojistov Cardif Pro Vita - Company Overview
9.9.1 Pojistov Cardif Pro Vita - key facts
9.1 CSOB Pojistov AS - Company Overview
9.10.1 CSOB Pojistov AS - key facts
9.11 Ceska Podnikatelska Pojistov - Company Overview
9.11.1 Ceska Podnikatelska Pojistov - key facts
9.12 Generali Pojistov AS - Company Overview
9.12.1 Generali Pojistov AS - key facts
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend - Prague Stock Exchange, Czech Republic
10.2 Economic Performance
10.2.1 GDP at constant prices (US$)
10.2.2 GDP per capita at constant prices (US$)
10.2.3 GDP at current prices (US$)
10.2.4 GDP per capita at current prices (US$)
10.2.5 GDP by key segments
10.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
10.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
10.2.8 Manufacturing net output at current prices (US$)
10.2.9 Manufacturing net output at current prices as a percentage of GDP
10.2.10 Mining, manufacturing and utilities at current prices (US$)
10.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
10.2.12 Construction net output at current prices, (US$)
10.2.13 Construction net output at current prices as a percentage of GDP
10.2.14 Inflation rate
10.2.15 Exports as a percentage of GDP
10.2.16 Imports as a percentage of GDP
10.2.17 Merchandise Exports growth
10.2.18 Merchandise Imports growth
10.2.19 Annual average exchange rate CZK-US$
10.3 Infrastructure
10.3.1 Commercial vehicles exports - total value
10.3.2 Commercial vehicles imports - total value
10.3.3 Automotive exports - total value
10.3.4 Automotive imports - total value
10.3.5 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Gross tiol disposable income (US$)
10.5.2 Household consumption expenditure (US$)
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Age distribution of the total population
11 Appendix
11.1 Methodology
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric's Services
11.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Czech Insurance - Gross Written Premium by Segment (CZK Billion), 2009-2013
Table 3: Czech Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 4: Czech Insurance - Gross Written Premium by Segment (CZK Billion), 2013-2018
Table 5: Czech Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 6: Czech Insurance - Segmentation (% Share), 2009-2018
Table 7: Czech Life Insurance - New Business Written Premium (CZK Billion), 2009-2013
Table 8: Czech Life Insurance - New Business Written Premium (CZK Billion), 2013-2018
Table 9: Czech Persol Accident and Health Insurance - Written Premium by Category (CZK Billion), 2009-2013
Table 10: Czech Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2009-2013
Table 11: Czech Persol Accident and Health Insurance - Written Premium by Category (CZK Billion), 2013-2018
Table 12: Czech Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2013-2018
Table 13: Czech Persol Accident and Health Insurance - Earned Premium (CZK Billion), 2009-2013
Table 14: Czech Persol Accident and Health Insurance - Earned Premium (CZK Billion), 2013-2018
Table 15: Czech Persol Accident and Health Insurance - Paid Claims by Category (CZK Billion), 2009-2013
Table 16: Czech Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2009-2013
Table 17: Czech Persol Accident and Health Insurance - Paid Claims by Category (CZK Billion), 2013-2018
Table 18: Czech Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2013-2018
Table 19: Czech Persol Accident and Health Insurance - Incurred Loss by Category (CZK Billion), 2009-2013
Table 20: Czech Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2009-2013
Table 21: Czech Persol Accident and Health Insurance - Incurred Loss by Category (CZK Billion), 2013-2018
Table 22: Czech Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2013-2018
Table 23: Czech Persol Accident and Health Insurance - Retention by Category (CZK Billion), 2009-2013
Table 24: Czech Persol Accident and Health Insurance - Retention by Category (US$ Billion), 2009-2013
Table 25: Czech Persol Accident and Health Insurance - Retention by Category (CZK Billion), 2013-2018
Table 26: Czech Persol Accident and Health Insurance - Retention by Category (US$ Billion), 2013-2018
Table 27: Czech Persol Accident and Health Insurance - Loss Ratio (%), 2009-2013
Table 28: Czech Persol Accident and Health Insurance - Loss Ratio (%), 2013-2018
Table 29: Czech Persol Accident and Health Insurance - Commission and Expenses (CZK Billion), 2009-2013
Table 30: Czech Persol Accident and Health Insurance - Commission and Expenses (CZK Billion), 2013-2018
Table 31: Czech Persol Accident and Health Insurance - Combined Ratio (%), 2009-2013
Table 32: Czech Persol Accident and Health Insurance - Combined Ratio (%), 2013-2018
Table 33: Czech Persol Accident and Health Insurance - Frauds and Crimes (CZK Billion), 2009-2013
Table 34: Czech Persol Accident and Health Insurance - Frauds and Crimes (CZK Billion), 2013-2018
Table 35: Czech Persol Accident and Health Insurance - Total Assets (CZK Billion), 2009-2013
Table 36: Czech Persol Accident and Health Insurance - Total Assets (CZK Billion), 2013-2018
Table 37: Czech Persol Accident and Health Insurance - Total Investment Income (CZK Billion), 2009-2013
Table 38: Czech Persol Accident and Health Insurance - Total Investment Income (CZK Billion), 2013-2018
Table 39: Czech Persol Accident and Health Insurance - Retentions (CZK Billion), 2009-2013
Table 40: Czech Persol Accident and Health Insurance - Retentions (CZK Billion), 2013-2018
Table 41: Czech Persol Accident Insurance - Number of Policies Sold (Million), 2009-2013
Table 42: Czech Persol Accident Insurance - Number of Policies Sold (Million), 2013-2018
Table 43: Czech Persol Accident Insurance - Written Premium (CZK Billion), 2009-2013
Table 44: Czech Persol Accident Insurance - Written Premium (CZK Billion), 2013-2018
Table 45: Czech Persol Accident Insurance - Loss Ratio (%), 2009-2013
Table 46: Czech Persol Accident Insurance - Loss Ratio (%), 2013-2018
Table 47: Czech Travel Insurance - Number of Policies Sold (Million), 2009-2013
Table 48: Czech Travel Insurance - Number of Policies Sold (Million), 2013-2018
Table 49: Czech Travel Insurance - Written Premium (CZK Billion), 2009-2013
Table 50: Czech Travel Insurance - Written Premium (CZK Billion), 2013-2018
Table 51: Czech Travel Insurance - Loss Ratio (%), 2009-2013
Table 52: Czech Travel Insurance - Loss Ratio (%), 2013-2018
Table 53: Czech Health Insurance - Written Premium by Sub-Category (CZK Billion), 2009-2013
Table 54: Czech Health Insurance - Written Premium by Sub-Category (US$ Billion), 2009-2013
Table 55: Czech Health Insurance - Written Premium by Sub-Category (CZK Billion), 2013-2018
Table 56: Czech Health Insurance - Written Premium by Sub-Category (US$ Billion), 2013-2018
Table 57: Czech Non-Life Health Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 58: Czech Non-Life Health Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 59: Czech Non-Life Health Insurance - Written Premium (CZK Billion), 2009-2013
Table 60: Czech Non-Life Health Insurance - Written Premium (CZK Billion), 2013-2018
Table 61: Czech Non-Life Health Insurance - Loss Ratio (%), 2009-2013
Table 62: Czech Non-Life Health Insurance - Loss Ratio (%), 2009-2013
Table 63: Czech Non-Life Health Insurance - Retention (CZK Billion), 2009-2013
Table 64: Czech Non-Life Health Insurance - Retention (CZK Billion), 2013-2018
Table 65: Czech Life Health Insurance - Number of Policies Sold (Million), 2009-2013
Table 66: Czech Life Health Insurance - Number of Policies Sold (Million), 2013-2018
Table 67: Czech Life Health Insurance - Written Premium (CZK Billion), 2009-2013
Table 68: Czech Life Health Insurance - Written Premium (CZK Billion), 2013-2018
Table 69: Czech Life Health Insurance - Loss Ratio (%), 2009-2013
Table 70: Czech Life Health Insurance - Loss Ratio (%), 2013-2018
Table 71: Czech Life Health Insurance - Retention (CZK Billion), 2009-2013
Table 72: Czech Life Health Insurance - Retention (CZK Billion), 2013-2018
Table 73: Czech Persol Accident and Health Insurance - Direct Marketing Commission Paid (CZK Billion), 2009-2013
Table 74: Czech Persol Accident and Health Insurance - Direct Marketing Commission Paid (CZK Billion), 2013-2018
Table 75: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through Direct Marketing (CZK Billion), 2009-2013
Table 76: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through Direct Marketing (CZK Billion), 2013-2018
Table 77: Czech Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Million), 2009-2013
Table 78: Czech Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Million), 2013-2018
Table 79: Czech Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2009-2013
Table 80: Czech Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2013-2018
Table 81: Czech Persol Accident and Health Insurance - Bancassurance Commission Paid (CZK Billion), 2009-2013
Table 82: Czech Persol Accident and Health Insurance - Bancassurance Commission Paid (CZK Billion), 2013-2018
Table 83: Czech Persol Accident and Health Insurance - Gross Written Premium From New Business Through Bancassurance (CZK Billion), 2009-2013
Table 84: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through Bancassurance (CZK Billion), 2013-2018
Table 85: Czech Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2009-2013
Table 86: Czech Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2013-2018
Table 87: Czech Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2009-2013
Table 88: Czech Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2013-2018
Table 89: Czech Persol Accident and Health Insurance - Commission Paid to Agencies (CZK Billion), 2009-2013
Table 90: Czech Persol Accident and Health Insurance - Commission Paid to Agencies (CZK Billion), 2013-2018
Table 91: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through Agencies (CZK Billion), 2009-2013
Table 92: Czech Persol Accident and Health Insurance - Gross Written Premium From New Business Through Agencies (CZK Billion), 2013-2018
Table 93: Czech Persol Accident and Health Insurance - Policies Sold Through Agencies (Million), 2009-2013
Table 94: Czech Persol Accident and Health Insurance - Policies Sold Through Agencies (Million), 2013-2018
Table 95: Czech Persol Accident and Health Insurance - Number of Agencies, 2009-2013
Table 96: Czech Persol Accident and Health Insurance - Number of Agencies, 2013-2018
Table 97: Czech Persol Accident and Health Insurance - E-Commerce Commission Paid (CZK Million), 2009-2013
Table 98: Czech Persol Accident and Health Insurance - E-Commerce Commission Paid (CZK Million), 2013-2018
Table 99: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through E-Commerce (CZK Billion), 2009-2013
Table 100: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through E-Commerce (CZK Billion), 2013-2018
Table 101: Czech Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2009-2013
Table 102: Czech Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2013-2018
Table 103: Czech Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2009-2013
Table 104: Czech Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2013-2018
Table 105: Czech Persol Accident and Health Insurance - Commission Paid to Brokers (CZK Billion), 2009-2013
Table 106: Czech Persol Accident and Health Insurance - Commission Paid to Brokers (CZK Billion), 2013-2018
Table 107: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through Brokers (CZK Billion), 2009-2013
Table 108: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through Brokers (CZK Billion), 2013-2018
Table 109: Czech Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2009-2013
Table 110: Czech Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2013-2018
Table 111: Czech Persol Accident and Health Insurance - Number of Brokers, 2009-2013
Table 112: Czech Persol Accident and Health Insurance - Number of Brokers, 2013-2018
Table 113: Czech Persol Accident and Health Insurance - Commission Paid to Other Channels (CZK Billion), 2009-2013
Table 114: Czech Persol Accident and Health Insurance - Commission Paid to Other Channels (CZK Billion), 2013-2018
Table 115: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through Other Channels (CZK Billion), 2009-2013
Table 116: Czech Persol Accident and Health Insurance - Gross Written Premium New Business Through Other Channels (CZK Billion), 2013-2018
Table 117: Czech Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2009-2013
Table 118: Czech Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2013-2018
Table 119: Czech Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2009-2013
Table 120: Czech Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2013-2018
Table 121: Czech Reinsurance by Category (CZK Billion), 2009-2013
Table 122: Czech Reinsurance by Category (US$ Million), 2009-2013
Table 123: Czech Reinsurance by Category (CZK Billion), 2013-2018
Table 124: Czech Reinsurance by Category (US$ Million), 2013-2018
Table 125: Czech Premium Ceded to Reinsurance by Type of Insurance (CZK Billion), 2009-2013
Table 126: Czech Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2009-2013
Table 127: Czech Premium Ceded to Reinsurance by Type of Insurance (CZK Billion), 2013-2018
Table 128: Czech Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2013-2018
Table 129: Czech Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 130: Czech Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 131: Czech Republic - Life Insurance Regulatory Framework
Table 132: Czech Republic - Property Insurance Regulatory Framework
Table 133: Czech Republic - Motor Insurance Regulatory Framework
Table 134: Czech Republic - Minimum Coverage for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 135: Czech Republic - Corporate Tax Rates for the Fincial Year 2013
Table 136: List of Insurers in the Czech Persol Accident and Health insurance Segment, 2012
Table 137: Vojensk� Zdravotn� Poji�?ov ?esk� Republiky, Key Facts
Table 138: Uniqa Pojistov AS - Key Facts
Table 139: Allianz Pojistov AS, Key Facts
Table 140: Bupa Intertiol, Key Facts
Table 141: Slavia Pojistov AS - Key Facts
Table 142: Axa Zivotni Pojistov, Key Facts
Table 143: Pojistov Cardif Pro Vita - Key Facts
Table 144: CSOB Pojistov AS, Key Facts
Table 145: Ceska Podnikatelska Pojistov - Key Facts
Table 146: Generali Pojistov AS, Key Facts