Czech Republic Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Life Insurance in the Czech Republic industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Czech life insurance market had total gross written premiums of $2.4 billion in 2022, representing a negative compound annual growth rate (CAGR) of 1.8% between 2017 and 2022.
- The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $2.3 billion, equivalent to 95.4% of the market's overall value.
- A positive macroeconomic environment that kept consumer confidence high, along with increasing disposable incomes and rising concern for life and health among individuals, especially after the pandemic, stimulated demand for life insurance.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in the Czech Republic
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in the Czech Republic
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Czech Republic life insurance market with five year forecasts
- What was the size of the Czech Republic life insurance market by value in 2022?
- What will be the size of the Czech Republic life insurance market in 2027?
- What factors are affecting the strength of competition in the Czech Republic life insurance market?
- How has the market performed over the last five years?
- How large is the Czech Republic’s life insurance market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What are the strengths of leaders?
- 7.5. What has been the rationale behind recent M&A activity?
- 8 Company Profiles
- 8.1. Ceskoslovenska obchodni banka AS
- 8.2. Generali Ceska Pojistovna as
- 8.3. Kooperativa pojistovna AS
- 8.4. NN Group NV
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Czech Republic life insurance market value: $ billion, 2017-22
- Table 2: Czech Republic life insurance market category segmentation: % share, by value, 2017–2022
- Table 3: Czech Republic life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Czech Republic life insurance market geography segmentation: $ billion, 2022
- Table 5: Czech Republic life insurance market value forecast: $ billion, 2022-27
- Table 6: Czech Republic life insurance market share: % share, by value, 2022
- Table 7: Ceskoslovenska obchodni banka AS: key facts
- Table 8: Ceskoslovenska obchodni banka AS: Key Employees
- Table 9: Generali Ceska Pojistovna as: key facts
- Table 10: Generali Ceska Pojistovna as: Key Employees
- Table 11: Kooperativa pojistovna AS: key facts
- Table 12: Kooperativa pojistovna AS: Key Employees
- Table 13: NN Group NV: key facts
- Table 14: NN Group NV: Annual Financial Ratios
- Table 15: NN Group NV: Key Employees
- Table 16: Czech Republic size of population (million), 2018–22
- Table 17: Czech Republic gdp (constant 2005 prices, $ billion), 2018–22
- Table 18: Czech Republic gdp (current prices, $ billion), 2018–22
- Table 19: Czech Republic inflation, 2018–22
- Table 20: Czech Republic consumer price index (absolute), 2018–22
- Table 21: Czech Republic exchange rate, 2017–21
- List of Figures
- Figure 1: Czech Republic life insurance market value: $ billion, 2017-22
- Figure 2: Czech Republic life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Czech Republic life insurance market geography segmentation: % share, by value, 2022
- Figure 4: Czech Republic life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the life insurance market in the Czech Republic, 2022
- Figure 6: Drivers of buyer power in the life insurance market in the Czech Republic, 2022
- Figure 7: Drivers of supplier power in the life insurance market in the Czech Republic, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the Czech Republic, 2022
- Figure 9: Factors influencing the threat of substitutes in the life insurance market in the Czech Republic, 2022
- Figure 10: Drivers of degree of rivalry in the life insurance market in the Czech Republic, 2022
- Figure 11: Czech Republic life insurance market share: % share, by value, 2022
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