2014-04-04 15:41:02 - Life Insurance in the Czech Republic, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
The Czech Republic is the second-largest Central and Eastern European life insurance segment after Poland in terms of gross written premium. During the review period, the Czech life insurance segment grew at a CAGR of 5.8%.
The country´s GDP declined marginally by 0.9% during the review period, resulting in an increase in the proportion of life insurance written premium to GDP from 1.32% in 2008 to 1.65% in 2012. Over the forecast period, the Czech insurance industry is expected to grow with the help of product innovations by insurers; single-premium products are expected to lead the industry´s growth.
The life insurance segment growth was driven by both supply and demand factors during the review period. On the demand side, the economy recorded
an expanding middle-class population coupled with increasing consumer awareness of the benefits of life insurance products. On the supply side, the rising introduction of products such as unit-linked life insurance.
Click for report details: www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Market Research Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Company Profile Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Company-P ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.