MTPL Insurance in the Czech Republic Role of insurers in the road safety development - Czech experience CZECH INSURANCE MARKET MTPL Insurance in the Czech

CZECH INSURANCE MARKET MTPL Insurance in the Czech RepublicMTPL Insurance in the Czech RepublicRole of insurers in the road safety developmentRole of insurers in the road safety development - - CzechCzech experienceexperience

Václav KřivohlávekPetr Svoboda

ProMotor II-nd Warsaw International Motor Insurance Forum8-9 May 2008

Role of insurers in the road safety developmentRole of insurers in the road safety development - - CzechCzech experienceexperience

Insurance Industry in the Czech Republic

The Czech Insurance Market

Legislation,

History of the Motor Car Insurance (before the Second World War and development after that up to contemporary time),

Insurance Companies,

Number of Car insured,

Statistical information on the Motor Car Insurance,

Activity aimed at prevention of losses and at the mitigation of their consequences (loss prevention).



Legislation (valid)

Act No 363/1999 Coll. The Insurance Act

Act No 168/1999 Coll. The Motor Third Party Liability Insurance

Act No 37/2004 Coll. Act on Insurance Contract

Act No 38/2004 Coll. Act on Insurance Intermediariesand on Independent Loss

Adjusters

Act No 377/2005 Coll. Act on financial conglomerates

Act No 57/2006 Coll. Act on the Amendment of Actsin Connection with integrationof Financial Market Supervision



History of the Motor Car Insurance

Situation before the IInd World War Situation during the period of 1948-1989 Actual situation

Legislation Insurance market Supervision


Insurance Industry in the Czech Republic Insurance Companies

Creation of the Market after 1989 Former monopoly of Česká pojišťovna a.s. and further development

Contemporary development 1998 – 2008

Number of Insurance Companies by Licenced ClassNumber of Insurance Companies by Licenced Class

1998 2000 2002 2004 2006 2008

Total number of insurers 41 41 42 40 49 52

of which: Life insurerars 5 3 3 3 6 6

Non-life 19 20 22 21 26 29

Composite 17 18 17 16 17 17

Role of insurers in the road safety developmentRole of insurers in the road safety development - - CzechCzech experienceexperience Insurance Industry in the Czech Republic

2000 2001 2002 2003 2004 2005 2006 2007

Premiums written in bill. CZK

71 81 91 106 112 117 122 130

Gross domestic product in bill. CZK

2150 2315 2415 2551 2751 3000 3211 3514

Premiums written / GDPin %

3,3 3,5 3,77 4,16 4,07 3,9 3,8 3,7

Share of total premium written on GDP in %Share of total premium written on GDP in %

Insurance companies having their seats in the territory Insurance companies having their seats in the territory of the Czech Republic of the Czech Republic providing temporary services in the E.U.providing temporary services in the E.U.

Total Number 15Total Number 15

of which in Poland 10of which in Poland 10

named: named: AIG CZECH REPUBLIC pojišťovna, a. s.

Allianz pojišťovna, a.s. Česká pojišťovna, a.s. ČSOB Pojišťovna, a. s. Euler Hermes Čescob, úvěrová pojišťovna, a. s. Evropská cestovní pojišťovna, a. s. Komerční úvěrová pojišťovna EGAP, a.s. Kooperativa pojišťovna, a. s. MAXIMA pojišťovna, a.s. UNIQUA pojišťovna, a.s.



Insurance companies and branches from other Member Insurance companies and branches from other Member States of the E.U. States of the E.U. providing temporary services in the Czech Republic (4. 5. 2008)providing temporary services in the Czech Republic (4. 5. 2008)

Total Number 489Total Number 489

of which from Poland 12 of which 9 non-lifeof which from Poland 12 of which 9 non-life

3 life3 life

Activity of the neighbouring countries is not so high like for example activity of the Ireland (74) and United Kingdoms (126)

Insurance companies from Poland providing their service in the Insurance companies from Poland providing their service in the Czech Republic under the freedom to provide services Czech Republic under the freedom to provide services (4. 5. 2008)(4. 5. 2008)Total Number 12 ( 9 + 3 )

1. AIG polska Towarzystwo Ubezpieczeń S.A. Marszalkowska 111, 00-102 Warszawa nl

2. BRE Ubezpieczenia Towarzystwo Ubezpieczeń S.A.GERLING POLSKA ul. Królewska 14, 00-065 Warszawa nl

3. TOWARZYSTWO UBEZPIECZEŇ S.A. Hrubieszowska 2, 01-209 Warszawa nl

4. MetLife Towarzystwo Ubezpieczeń na Życie S.A. ul.Chalubińskiego 8, 00-613 Warszawa l

5. Powszechny Zaklad Ubezpieczeń S.A. Al. Jana Pawla II 24, 00-133 Warszawa nl

6. Sopockie Towarzystvo Ubezpieczeń Ergo Hestia S.A. ul. Hestii 1, 81-731 Sopot nl

7. Towarzystwo Ubezpieczeń Allianz Polska S.A.Allianz pojišťovna, a.s., Ke Štvanici 656/3, 186 00 Praha 8 nl

8. Towarzystwo Ubezpieczeń EULER ul. Domaniewska 50 B, 02-672 Warszawa nl

9. HERMES S.A.Towarzystwo Ubezpieczeń FILAR S.A. Warszawaul. Zubrów 3, 71-617 Szczecin nl

10. Towarzystwo Ubezpieczeń na Życie ROYAL Polska S.A. ul. Wspólna 47/49, 00-684 Warszawa l

11. UNIQA Towarzystwo Ubezpieczeń na Zycie S.A. ul. Gdańska 132, 90-520 Lódź l

12. UNIQA Towarzystwo Ubezpieczeń S.A. ul. Gdańska 132, 90-520 Lódź nl



Insurance Industry in the Czech Republic Motor Car insurance provided by the Czech Insurance CompaniesCompany: MTPL insurance CASCO insurance

AIG pojišťovna, a.s. yes noAllianz pojišťovna, a.s. yes yesČeská podnikatelská pojišťovna, a.s. yes yesČeská pojišťovna, a.s. yes yesČSOB pojišťovna, a.s. yes yesDIRECT pojišťovna, a.s. yes noDolnorakouská pojišťovna yes noGenerali pojišťovna, a.s. yes yesHasičská vzájemná pojišťovna, a.s. yes yesKooperativa pojišťovna, a.s., Vienna

Insurance Group yes yesTriglav Pojišťovna, a.s. yes noUniqa pojišťovna, a.s. yes yesWüstenrot pojišťovna yes yes

Number of car insured – according to MTPL insurance2001 5 256 909 2007 5 997 461


Insurance Industry in the Czech Republic Statistical information on the Motor Car Insurance



Act No 363/1999 Coll. Act on Insurance

insurance activity means the conclusion of insurance contracts according to a special legal provision2) by an insurance

undertaking, the administration of insurance and the settlement of claims under insurance contracts,

rendering assistance services and processing personal data in connection with these activities.

Insurance activity shall include the management of assets the source of which are the technical provisions of the insurance undertaking,

the conclusion of contracts by the insurance undertaking with reinsurance undertakings to reinsure the liabilities of an insurance undertaking ensuing from insurance contracts concluded by the insurance undertaking (ceded reinsurance), and

the activity aimed at prevention of losses and at the mitigation of their consequences (loss prevention)



Activity of the Czech Insurance Companiestowards to clients

Insurance product offered by Czech Insurance Companies,

Additional Insurance offered to the basic Motor Car Insurance,

Bonus and Malus system.

New legislation

Thank you very much for youThank you very much for yourr attention attention

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MTPL Insurance in the Czech Republic Role of insurers in the road safety development - Czech experience CZECH INSURANCE MARKET MTPL Insurance in the Czech