The Progress of Czech Insurance Market

My labour describes a progress of insurance market from the origins. After the second world war there functioned monopolistic The First Czech Insurance Company and the insurance was imperfect and agreed with then economic situation. The biggest improvement happenend in 1991, social and economic transformation opened the door to business in all branches of financial market. A population adapted for a competitive invironment and a new legislature in a very short time. It was necessary to realize the own responsibility of risks and financial needs. Today's insurace quality is comparable with advanced countries of the EU and people find important to insure their property and lifes, it show us total indicators of insurace. Nowadays the knowing and orientation in the insurance market improve the and there are offered still better insurance services to customers