List of Insurance Corporations
For the purposes of monetary and financial statistics, "insurance corporation (IC)" shall mean insurance companies, reinsurance companies and branches of insurance or reinsurance companies, which carry on financial activities pursuant to the Act No. 277/2009 Coll., Insurance Act and are residents in the Czech Republic.
Insurance corporations given in this list are subject to obligations pursuant to bellow mentioned Decrees of the Czech National Bank.
- Decree No. 314/2013 Coll. on the submitting of statements to the Czech National Bank by entities belonging to the financial institutions sector, as amended;
- Decree No. 305/2016 Coll. on reporting of insurance and reinsurance companies.
The Czech National Bank compiles harmonized statistics on insurance companies in accordance with the Regulation (EU) No 1374/2014 of the European Central Bank of 28 November 2014 on statistical reporting requirements for insurance corporations (ECB/2014/50).
The European System of Central Banks (ESCB) has established procedures for the continuous monitoring, checking and updating of the institutions which form the IC sub-sector, in order to ensure that the list of ICs remains up to date, accurate, as homogenous as possible to satisfy regular and ad hoc analytical needs of the ECB in carrying out monetary and financial analysis, and for the ESCB's contribution to the stability of the financial system. The list of ICs covers not only the euro area countries, but also those EU Member States not participating in Monetary Union. The list is quarterly updated on the ECB´s Web site (http://www.ecb.int) under the heading 'Insurance Corporations' ('List of ICs').