English Translation

126 A short memo on insurance in the Protectorate. Insurance in the protectorate is strongly translated. 33 companies, among them 7 German companies, are admitted to life insurance, 48 companies work in the field of property insurance, of which 1 % are engaged. All companies together received approximately 1 milli-ard crown premiums in the year l939. The balance sheet total of the local insurance companies is expected to reach a total amount of 4.4 billion kroner. These figures show the importance of the insurance economy in the area of capital management in the Protectorate. The economic situation of the assurance companies in the protectorate is generally not favourable. This development is due to structural errors in the structure of the local insurance system and, above all, to the last changes in state law, in October 1938 and March 1939. The loss of large jobs without corresponding savings in the administration and the reduced premium levels associated with this have in part brought the enterprises into an extremely difficult situation. In the field of life insurance, it must be assumed that the current premium income under current conditions is not sufficient to ensure the future claims of the insured absolutely. The premiums in life insurance are generally lower $\ 9 2k zūú