Česká pojišťovna and Generali Pojišťovna will create the biggest insurance company on the Czech market
18 September 2019
Prague - The Czech insurance market will have a new leader. The new number one insurer will be created by integration of activities of Česká pojišťovna and Generali Pojišťovna, two insurers operating in the Czech Republic within Generali, one of the largest global insurance and asset management providers.
Luciano Cirinà, Austria, CEE & Russia Regional Officer and CEO of Generali CEE Holding, of which both insurance companies have been part since 2008, said: „By integration of activities of the two strong and successful insurers, we will offer our clients the widest product portfolio, even higher-quality services, better availability and faster settlement of claims. This is an important step within the global strategy of Generali Group. Connecting tradition of the leader of the Czech insurance market with the backing and know-how of a global financial institution will enable us to create even a stronger and more stable insurance company. We will thus strengthen our significant position on the Czech insurance market, which is good news not only for our clients but also for our business partners.”
The insurance portfolio of Generali Pojišťovna will become part of Česká pojišťovna by the end of 2019. The company will be named Generali Česká pojišťovna and will be led by Roman Juráš, the current CEO and the Chairman of the Board of Directors of Česká pojišťovna. The transaction is subject to the approval of regulatory body.
Roman Juráš, the CEO and Chairman of the Board of Directors of Česká pojišťovna and a future leader of Generali Česká pojišťovna, emphasizes: “For clients of both insurance companies the upcoming changes will mean further improvement of the products and services. Our clear ambition is to become a leader in innovation on the Czech insurance market.”
Thanks to integration of activities of both insurance companies, the product range will be expanded not only for retail clients but also for small, medium and large enterprises and clients from the agriculture sector.