Reinsurance in the Czech Republic, Key Trends and Opportunities to 2018

Published: Jun, 2014 | Pages: 71 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Czech reinsurance segment, including:
The Czech reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment  
The Czech reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the Czech reinsurance segment  

Summary
The Czech reinsurance segment recorded significant growth during the review period (2009-2013), at a compound annual growth rate CAGR of 19.5%. The country frequently faces severe weather conditions, such as catastrophic flooding in 2002, heavy snowfall in 2006, windstorm Kyrill in 2007, and flooding in 2010 and in June 2013. As a result, there is high demand for insurance protection against natural disasters, and insurance companies tend to rely on reinsurance services to mitigate their risks, as the high number of natural disasters will therefore benefit the reinsurance segment. 
Scope
This report provides a comprehensive analysis of the reinsurance segment in the Czech Republic:
It provides historical values for the Czech Republic's reinsurance 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 Republic's reinsurance segment, along with market forecasts until 2018.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in the Czech Republic and its growth prospects.  
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Czech reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Czech reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Czech insurance industry and its impact on companies and the market's future 
Key Highlights
 The Czech reinsurance segment recorded significant growth during the review period (2009-2013), at a compound annual growth rate CAGR of 19.5%.
Regarding the implementation of Solvency II, regulatory changes by the EU commission and CNB are expected to increase insurers' minimum stipulated capital requirements over the forecast period.
Prior to 2008, there were no reinsurance companies operating in the Czech Republic.
The reinsurance segment is dominated by VIG Re ZajiS?ovna as, a subsidiary of Vienna Insurance Group (VIG), which is the only company operating as a reinsurer that has been licensed by the Czech National Bank.

 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 Reinsurance Growth Dymics and Challenges
3.2.1 Reinsurance segment size, 2009-2018
3.2.2 Reinsurance segment size by type of insurance, 2009-2018
4 Key Insurance Industry Trends and Drivers
4.1 Key Trends
4.2 Life Insurance Growth Drivers
4.3 Non-Life Insurance Growth Drivers
4.4 Persol Accident and Health Insurance Growth Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 VIG Re ZajiS?ov AS - Company Overview
5.2.1 VIG Re ZajiS?ov AS - key facts
5.2.2 VIG Re ZajiS?ov AS - key fincial alysis
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend - Prague Stock Exchange, Czech Republic
6.2 Economic Performance
6.2.1 GDP at constant prices (US$)
6.2.2 GDP per capita at constant prices (US$)
6.2.3 GDP at current prices (US$)
6.2.4 GDP per capita at current prices (US$)
6.2.5 GDP by key segments
6.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
6.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
6.2.8 Manufacturing net output at current prices (US$)
6.2.9 Manufacturing net output at current prices as a percentage of GDP
6.2.10 Mining, manufacturing and utilities at current prices (US$)
6.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.12 Construction net output at current prices, (US$)
6.2.13 Construction net output at current prices as a percentage of GDP
6.2.14 Inflation rate
6.2.15 Exports as a percentage of GDP
6.2.16 Imports as a percentage of GDP
6.2.17 Merchandise Exports growth
6.2.18 Merchandise Imports growth
6.2.19 Annual average exchange rate CZK-US$
6.3 Infrastructure
6.3.1 Commercial vehicles exports - total value
6.3.2 Commercial vehicles imports - total value
6.3.3 Automotive exports - total value
6.3.4 Automotive imports - total value
6.3.5 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Gross tiol disposable income (US$)
6.5.2 Household consumption expenditure (US$)
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Age distribution of the total population
7 Appendix
7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric's Services
7.5 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 (Percentage 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 Reinsurance by Category (CZK Billion), 2009-2013
Table 10: Czech Reinsurance by Category (US$ Million), 2009-2013
Table 11: Czech Reinsurance by Category (CZK Billion), 2013-2018
Table 12: Czech Reinsurance by Category (US$ Million), 2013-2018
Table 13: Czech Premium Ceded to Reinsurance by Type of Insurance (CZK Billion), 2009-2013
Table 14: Czech Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2009-2013
Table 15: Czech Premium Ceded to Reinsurance by Type of Insurance (CZK Billion), 2013-2018
Table 16: Czech Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2013-2018
Table 17: Czech Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 18: Czech Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 19: Czech Non-Life Insurance -Percentage of Reinsurance Ceded, 2009-2013
Table 20: Czech Non-Life Insurance -Percentage of Reinsurance Ceded, 2013-2018
Table 21: Czech Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 22: Czech Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 23: VIG Re ZajiS?ov AS, Key Facts
Table 24: VIG Re ZajiS?ov AS, Key Fincial Alysis (CZK Million), 2009-2011