According to recent data from the Czech Insurance Association, insurance companies collected 171.1 billion Czech crowns in premiums during the first three quarters of the year, marking a 7.8% increase compared to the same period in 2024. This growth reflects the market’s strong momentum, as premiums reached nearly 210 billion crowns for the entire year in 2024.
Claims also saw an upward trend, with insurance payouts amounting to 86.58 billion crowns in the same period, representing a 5.1% increase year-on-year excluding damages from the significant September 2024 floods. The number of claims handled rose slightly to 2.51 million, driven predominantly by growth in non-life (property and casualty) insurance, while life insurance claims showed a modest decline.
Life insurance premiums increased by 5.8% to 45.73 billion crowns, while non-life insurance premiums grew more rapidly at 8.5%, reaching 125.4 billion crowns. The average annual premium per non-life insurance contract rose by 6.3% to 6,556 crowns; however, average claim sizes also grew, with property insurance claims increasing by 12% to nearly 41,000 crowns, outpacing premium growth.
The association reported over 30.5 million active insurance contracts, a 1.5% rise compared to the previous year. Non-life insurance contracts make up the majority with 25.5 million policies, growing 2% year-on-year. Claims in non-life insurance reached 2.04 million, another 1% increase excluding flood-related claims.
Life insurance recorded 472,000 claims with total payouts of 26.64 billion crowns, slightly lower than the previous year. Growth within life insurance is concentrated in risk products where payouts rose 12%, despite a decrease in claim frequency by 8%. The average annual premium per life insurance contract increased by 6.8% to more than 12,000 crowns, though the total number of life insurance contracts declined slightly by 1% to 5.06 million.
Underlying these trends is a steadily growing Czech economy, rising disposable incomes, and increasing consumer awareness of insurance needs—especially for property and risk coverage. Insurers are responding by innovating products and leveraging digital platforms to meet customer demand and improve services. The market outlook remains positive with continued expansion expected for both life and non-life insurance sectors.