After 20 years, Komerční pojišťovna is one of life assurance leaders

Press release

Prague, 9 December 2015 – Komerční pojišťovna has celebrated its 20th anniversary this year. Over the time of its operation in the Czech financial market it has mainly focused on the life business, and gradually consolidated its position among the biggest insurance companies in the Czech Republic. Komerční pojišťovna currently manages assets totalling more than CZK 43 billion and with its market share of 15% holds the second place in the life market.

“The awards that we have received in recent years also vindicate the direction in which we had set out. In 2015, we retained our primacy in Hospodářské noviny’s competition and were again named The Best Life Insurance Company. We also won in The Most Client Friendly Life Insurance Company category. Both of these awards prove that Komerční pojišťovna is regarded as a reliable partner offering a broad range of bankassurance products and high-quality client services,” says Stéphane Corbet, Komerční pojišťovna Chairman and CEO.

When the Société Générale Group entered the Czech market in 2001 Komerční pojišťovna focused on developing in bankassurance and on close cooperation with the other companies in the Komerční banka and Société Générale financial group. In particular its cooperation with Komerční banka has confirmed that the bankassurance model was the right choice, and it is also the direction that Komerční pojišťovna wants to pursue going forward. Over this time, annual written premiums for life policies have increased approximately ten times to almost CZK 10 billion at the end of 2014.