Since 21 December 2019, the Czech insurance market has a new leader - Generali Česká pojišťovna. The Czech Republic is one of our largest markets in the Austria, CEE & Russia Region.
On 21 December 2019, Česká pojišťovna and Generali Pojišťovna created the biggest insurance company on the Czech market - Generali Česká pojišťovna.
Česká pojišťovna changed its name to Generali Česká pojišťovna and also took over part of the insurance portfolio of Generali. Also Generali insurance company has a new name and as of 21 December 2019 operates on the market under the name "Pojišťovna Patricie". The reason for the further existence of the former Generali insurance company is as follows. Česká pojišťovna did not take over all insurance contracts of Generali but only a part of them. Therefore, foreign insurance contracts (= insurance policies with an insurance risk or insurance liability out of the Czech Republic) remain under Pojišťovna Patricie.
Generali Group in the Czech Republic (Figures as of 31 December 2019)
€ 1.9 bln
GENERALI ČESKA POJIŠŤOVNA
On 21 December 2019, Česká pojišťovna and Generali Pojišťovna created the biggest and number one insurance company on the Czech market – Generali Česká pojišťovna.
As a composite insurance company with a wide range of both Life and P&C insurance products the company’s insurance portfolio includes more than 8.5 million policies. In 2019, the total market share of Generali Česka pojišťovna measured the methodology of the Czech Insurers Association (ČAP) reached 27.5%, in Life insurance it was 22.6% and in P&C insurance 30.0%. The position of Generali Česka pojišťovna as the strong and traditional insurer was confirmed by the company’s financial results for the last year, when premium written exceeded €1.5 billion. Gross written premiums in P&C insurance amounted to €1162 million in 2019. Premiums written in Life insurance reached €417 million. Penzijní společnost České pojišťovny Česká pojišťovna’s pension company is the leading provider of pension insurance in the Czech Republic.
PENZIJNÍ SPOLEČNOST ČESKÉ POJIŠŤOVNY
Penzijní společnost České pojišťovny will be renamed “Generali penzijní společnost” in the middle of 2020.
GENERALI INVESTMENTS CEE
institutions in the area of collective investment and investment management. The company manages Czech mutual funds denominated in the Czech koruna and an Irish umbrella of investment funds offered in CZK, EUR and PLN. The major institutional clients include insurance, reinsurance companies, and pension funds within the Generali CEE Holding Group. Generali Investments CEE is one of the largest asset manager player in the CEE Region, with assets under management amounting to €18 billion and assets under advisory of €5 billion, representing a market share of 8.2% in the CEE Region.