Czech insurance sector profit down 6.1% in H1 2011.

By bne IntelliNews October 4, 2011
The net profit of Czech insurance sector fell by 6.1% to CZK 8.447bn (EUR 339.6mn) in the first half of 2011, according to data from the central bank. Gross written premiums rose by 2.44% y/y to 80.9bn in January to June, supported by a 7.37% increase in the life insurance sector. Non-life premiums edged down 1.42% on the year to CZK 43.7bn. The assets of insurance companies active on the local market totalled CZK 429.9bn as of end-June 2011, an annual increase of 6.41%. According to earlier published data from Czech insurance association CAPCzech insurance companies collected premiums of CZK 73.9bn in the first half of 2011, up 2.6% y/y. CAP comprises almost all local insurance companies, accounting for 98% of the market.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335