Liability Risk and Insurance
Czech market in 1999
Despite a slowing of economic growth, figures from the Czech Insurance Association show that insurance premiums rose by 12.7%
to CKr62.8bn. Nonlife business grew by 7.2% though competition squeezed profitability, especially in motor. Motor third-party
liability (TPL) premiums, still set by the Finance Ministry, stood at CKr10.8bn, up by 13% on the previous year.