Press
Releases
Current
Archive
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
Contact
Service
Downloads
Non-life insurance the growth engine with an increase of almost 20%

UNIQA Czech Republic grew three times faster than the market in 2008 with premiums up 15.7%

The UNIQA Group Austria has been represented in the Czech market by UNIQA pojišt'ovna since 1993. The 2008 financial year was yet another huge success with preliminary premium growth of 15.7% to 4.378 bn CZK (around 175 million euros). Compared to the rest of the market, this represented extraordinarily dynamic growth significantly higher than the published average. In comparison, the entire premium market in the Czech Republic grew by around 4.9% in 2008.

Martin Žácek, Chairman of UNIQA pojišt'ovna, said about the dynamic development, "We have been the fastest in successfully becoming one of the ten largest insurance companies. As a result, our market share continues to strengthen in line with our strategic planning. A significant part of this growth has been achieved thanks to our so-called ‘dynamisation projects’, which we have been developing since 2004 and are aimed at additional market potential and the new needs of our customers. In the long term, we are dedicated to establishing sales channels which have also already started bearing fruit. We have also set ourselves an ambitious goal for this year, although we must reckon with the influence of weak economic growth. But we intend to continue growing significantly faster than the market."

According to preliminary figures, the strongest growth rates recorded in 2008 were in non-life insurance with an increase of 19.6% to CZK 3.198 bn (EUR 128 m). The most significant impulse came from car insurance where UNIQA was able to benefit from the historically positive development of vehicle sales. 3rd party vehicle insurance premiums increased by 26% and fully comprehensive insurance by 29%. Travel insurance and private health insurance also rose significantly.

According to preliminary figures, premium revenues from life insurance grew by 6.5% to CZK 1.2 bn (EUR 48 m). In comparison, the market grew by around 4.5%. The majority of revenue came from ongoing premiums.

In 2007, UNIQA pojišt'ovna’s total number of contracts rose by 18% to 490,800 policies.

16. March 2009


UNIQA Group Austria
Press Service

Untere Donaustrasse 21
1029 Vienna
Tel.: (+43 1) 211 75-3414
Fax.: (+43 1) 211 75-3619
Mobil: (+43 664) 112 02 37
E-Mail: presse@uniqa.at

print 
Attachments

Photo: DI Martin Zácek


  HOME | SITEMAP | CONTACT | IMPRINT | NEWSLETTER |
LEGAL INFORMATION
SEARCH   
©  2012  BY UNIQA GROUP AUSTRIA