Foreword of the Chairman
of the Board of Directors

In 2012 KP kept on growing. Our assets are now amounting to more than CZK 30 billion. KP is progressively becoming one of the biggest life insurance companies on the Czech market in terms of assets under management.

Stéphane Corbet

Stéphane Corbet
Chairman of the Board of Directors and CEO

In 2012, for the very first time in its history, KP received the World Finance Insurance Award of Best Insurance Company in Czech Republic for the year 2012. The jurors underlined that KP’s approach to customer care is marked by maintaining a high standard level but also constantly seeking ways to improve through innovative projects (such as the Quality Management System) and incorporating the latest technology. The jurors also appreciated KP’s financial strength coupled with staff development and attention to clients.

This award is rewarding the efforts made by our employees as well as by our distributors and especially KB distribution network to make the bank-insurance model work in the Czech environment.

We have to go on focusing on clients’ satisfaction and improvement of our work efficiency and I am sure we will receive new awards in the upcoming years.

Due to the general economical context which was not very positive, we knew that 2012 would be a difficult year. I cannot say it was not as the crisis was spreading around us but, at the same time, we did much more than just resist to the crisis. 2012 was a year when KP teams showed their motivation, their involvement and their trust in our ability to face successfully the difficulties we had in front of us.

In 2012 KP kept on growing. Our assets are now amounting to more than CZK 30 billion. KP is progressively becoming one of the biggest life insurance companies on the Czech market in terms of assets under management. KP is the life insurance company who had the biggest growth of its assets under management during the last 5 years! This result is according to me very important and shows the pertinence of our business model and of our strategy.

In 2012 KP kept on innovating. We implemented many new projects like SMS reminders, Insurance for corporate cards, new standalone risk life insurance, Vital Premium in euros, policy number distribution via sms.

2013 will bring new challenges. Some of them are already announcing themselves. The new law on insurance brokers should come into force during the year and will require from us a fast adaptation of some of our cooperation models. New civil code, Solvency II implementation and others projects will challenge our ability to be reactive and creative. I have no doubt that KP teams are experienced enough to face these challenges and make 2013 another year of growth.


Stéphane Corbet
Stéphane Corbet
Chairman of the Board of Directors and CEO


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