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The size, sophistication and resilience of the Czech Republic's insurance sector means that it has more in common with its peers in Western Europe than with its counterparts in other countries in Central and Eastern Europe. It is dominated by composite insurers who see the Czech Republic as a core part of their regional operations: these companies have scale within the country (along with other advantages such as strong and well-established brands) as well as across Central and Eastern Europe. Nevertheless, competitive pressures in the non-life segment have caused penetration (ie, premiums as a percentage of GDP) to fall over recent years. In the life segment, it appears that every household that could potentially own policies is already doing so. Nevertheless, particular companies achieved strong ...
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