Komerční pojišťovna grew much faster than the entire Czech market in the first three quarters of 2010

11. 11. 2010

Komerční pojišťovna grew much faster than the entire Czech market in the first three quarters of 2010

Prague, 11 November 2010 – In the past 3 quarters of this year, Komerční pojišťovna increased its life assurance premiums written by 133% year-on-year to CZK 7 billion while the entire Czech life assurance market grew 19% year on year. Clients are most interested in investment life insurance with a guaranteed yield.

This result greatly exceeds the growth rate of the entire market and Komerční pojišťovna has achieved it thanks primarily to the popular Vital Invest unit-linked life insurance and Vital Premium savings life insurance products.

“In the wake of the instability of financial markets, clients are interested primarily in safe investment products with guaranteed yields. The ability to match the products to the clients’ new needs has brought Komerční pojišťovna the well-deserved share increase in the life assurance market segment,” said Stéphane Corbet, member of the Board of Directors of Komerční pojišťovna.

According to the statistics of ČAP (Czech Association of Insurers) Komerční pojišťovna has confirmed its position as the No.2 insurer on the Czech market in the life assurance segment for the three quarters of 2010.

Komerční pojišťovna’s key products guarantee an attractive growth for clients in 2010. For Vital Invest (in respect of the money invested in the Guaranteed Growth Fund) this guarantee is 3.0%, and for Vital Premium it is as much as 3.1%. For the first nine months of this year alone, almost 7,000 new clients opted for one of these two most popular products.


Contact

For more information call the Client Service of Komerční pojišťovna using the free Info Line 800 10 66 10.