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  4. > Slovakia Insurance Report Q4 2016

Slovakia Insurance Report Q4 2016

  • August 2016
  • -
  • Business Monitor International
  • -
  • 70 pages

Includes 3 FREE quarterly updates



BMI View:
Although a relatively small market when measured by the total volume of premiums written,Slovakia's insurance sector is one of the most positive growth prospects in the Central and Eastern Europeregion. Premiums in both the life and non-life sectors are rising rapidly, supported by household incomegrowth and the increasing availability of disposable income. The market is, however, vulnerable to regionaleconomic decline, particularly weakness throughout the eurozone, and currency movements will continue toimpact upon premium growth projections.

Key Updates And Forecasts


- Slovakia continues to update the regulatory environment surrounding health insurance. The financeministry is reportedly considering introducing a new tax on dividends of 15%, which would replace the14% health insurance payments which currently apply.

- Life insurance accounts for a slightly larger share of the market and premiums are expected to recordcontinued growth, rising by 3.1% in 2016 (in local currency terms) to reach EUR1.3bn (USD1.4bn).

- The smaller non-life sector will also see positive growth, with premiums rising 1.1% in 2016 to reachEUR0.9bn (USD1.0bn). Basic lines such as motor insurance will continue to lead the non-life market,though competition will keep a downwards pressure on pricing.

Table Of Contents

Slovakia Insurance Report Q4 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Slovakia 2013-2020) 7
SWOT 8
Insurance 8
Industry Forecast 10
Life Premiums Forecast 10
Table: Life Premiums (Slovakia 2013-2020) 13
Table: Life Insurance Claims (Slovakia 2008-2014) 13
Non-Life Premiums Forecast 14
Table: Non-Life Premiums (Slovakia 2013-2020) 17
Table: Non-Life Insurance Claims (Slovakia 2009-2014) 19
Non-Life Sub-Sector Forecast 20
Table: Non-Life Insurance Premiums by Product Line (Slovakia 2013-2020) 30
Insurance Risk/Reward Index 31
Emerging Europe Risk/Reward Index 31
Table: Emerging Europe Insurance Risk/Reward Index - Q416 32
Market Overview 33
Life Market Overview 33
The Product Offering 33
The Competitive Landscape 33
Table: Life Insurance Market (USDmn) 2007-2014 36
Non-LIfe Market Overview 38
The Product Offering 38
The Competitive Landscape 38
Table: Non-Life Insurance Market (USDmn) 2007-2014 40
Company Profile 42
Achmea 42
Allianz 45
ERGO 48
Generali 51
Groupama 55
UNIQA Group 58
Vienna Insurance Group (VIG) 61
Methodology 64
Industry Forecast Methodology 64
Risk/Reward Index Methodology 67
Table: Indicators 69
Table: Weighting of Indicators 70

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