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The Czech Republic's insurance market is well-developed and competitive, with a total premium volume of over CZK 220 billion (approximately €8 billion) in 2022. The market is dominated by non-life insurance, which accounts for around three-quarters of total premiums. The life insurance sector is also growing, driven by increasing disposable incomes and a growing awareness of the importance of financial planning.
The Czech government is a major purchaser of insurance products and services. In 2022, the government spent over CZK 10 billion (approximately €350 million) on insurance procurement. The government procures a wide range of insurance products, including property insurance, liability insurance, health insurance, and life insurance.
The main insurance products and services procured by the Czech government are:
Property insurance: This covers the government's buildings, infrastructure, and other assets against damage or loss.
Liability insurance: This protects the government against claims for damages arising from its activities.
Health insurance: This provides health insurance coverage for government employees and their dependents.
Life insurance: This provides life insurance coverage for government employees.
The top authorities responsible for insurance procurement in the Czech Republic are:
Ministry of Finance
Ministry of Interior
Ministry of Health
Ministry of Labour and Social Affairs
The top winners of insurance procurement contracts in the Czech Republic are:
Česká pojišťovna
Allianz pojišťovna
Kooperativa pojišťovna
Generali Česká pojišťovna
Uniqa pojišťovna
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