Czech Republic and Slovakia
At the end of 2021 the representatives of Generali Česká pojišťovna and the Slovak insurance company Generali signed a "Business Sale Agreement" on the basis of which the two insurance companies combined their activities. Together, the Czech Republic and Slovakia are one of our largest markets in the Region.
€ 1.4 bln
€ 301.5 mln
Generali Česká pojišťovna
Generali Česká pojišťovna is a universal insurance company providing a full range of services, covering both individual life and non-life insurance and insurance for small, medium and large clients in the area of industrial and business risks, as well as in agriculture.
In 2021, the total market share of Generali Česká pojišťovna measured by the methodology of the Czech Insurers Association (ČAP) reached 26%, in life insurance it was 21.1% and in P&C insurance 28.3%. 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, according to ČAP, €1.4 billion. Gross written premiums in P&C insurance amounted to €1 billion in 2021. Premiums written in life insurance reached €400 million.
At the end of 2021 the representatives of Generali Česká pojišťovna and the Slovak insurance company Generali signed a "Business Sale Agreement" in the Tugendhat villa in Brno, on the basis of which the two insurance companies combined their activities. The agreement on the sale of the company entered into force on 19 December 2021. As of 20 December 2021, Generali Poisťovna's activities in Slovakia continue through the Generali Česká pojišťovna organizational unit under the official name Generali Poisťovňa, a branch of an insurance company from another Member State.
A branch of an insurance company Generali Ceska poistovna a. s. is the third biggest insurance company in Slovakia, provides prompt and professional services thanks to its 621 employees and almost 800 internal agents. There are 135 points of sale all over Slovakia. Gross written premiums experienced an increase in both main insurance segments. In P&C it grew by remarkable 11.5% to €182.3 million and in Life insurance by 7.8% to €119.2 million. Total GWP then amounted to €301.5 million. Generali has increased market share and in 2021 kept the third position on the market with a share of 12.1% (excluding investment contracts).
Generali penzijní společnost (Generali Pension company)
Generali penzijní společnost is the leading provider of pension insurance in the Czech Republic. The company is taking care about 1.1 million clients and it is easily accessible throughout the entire Czech Republic thanks to 900 sales points.
Generali Investments CEE
Generali Investments CEE offers comprehensive products and services to individual investors and 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 regionally to €13.5 billion and assets under advisory of €2 billion, representing a market share of 8% in the CEE Region.