Abstract
Overview
Introduction
This report is most appropriate for companies looking for an overview of the
life insurance and pensions markets in order to assess the level of market
opportunity (using our market data and forecasts), regulatory barriers and
opportunities, and level of competition in the market. For more detailed
market data please refer to Datamonitor' s European Life and Pensions
Interactive Database 2006.
Scope
- Presents competitor market data for life insurance and pensions companies;
- Assesses regulatory barriers and opportunities;
- 5 years historic data from 2001-5 and 5 year forecast to 2010.
Report Highlights
Act No. 38/2004 Coll. established the conditions for the pursuit of the
activities of insurance intermediaries and independent loss adjusters and the
conditions for operating under the EU right of establishment and the freedom
to provide services. It also created the register of insurance intermediaries
and loss adjustors.
In recent years, the insurance market in the Czech Republic has attracted a
growing number of foreign providers. As at December 2005, 328 insurance
undertakings and branches of insurance undertakings from other EU or EEA
Member States had given notification of an intention to offer services, an
increase of 141 over the previous year.
During 2005, large domestic banks accounted for roughly 37% of the private
pensions market and close to 6% of the life insurance market. The five largest
life insurers controlled roughly 74% of their market.
Reasons to Purchase
- Get an overview of the life and pensions market, including past growth and
forecast growth;
- Assess regulatory barriers and opportunities affecting life insurance and
pensions in this country;
- Analyze competition from life insurance companies.
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