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Slovakia Insurance Report Q2 2016

  • February 2016
  • -
  • Business Monitor International
  • -
  • 67 pages

Includes 3 FREE quarterly updates

BMI View: Slovakia's insurance sector looks to be well positioned for growth over the next few years as theeconomy is likely to be among the best performing in the EU. Growth in household wealth and disposableincomes should drive demand for life insurance products in particular, as consumers have money to spendon pension and retirement income products. From a relatively low base, life underwriting should grow byaround 6% a year through the forecast period, making it one of the better performing markets in theCentral and Eastern European region. The sector's growth prospects will attract the attention of foreigninvestors and new entrants who may be looking to take advantage of a relatively fragmented competitivelandscape. Growth in the non-life segment will be more modest, due in large part to slower growth in thecore property and motor vehicle lines. However, high levels of consumer spending will aid the developmentof smaller, non-core lines.

Key Updates and Forecasts

-We have adjusted our life insurance forecasts for this quarter and now expect premiums to grow by 4.7%in EUR terms in 2016 to EUR1.3bn. Premiums will grow by an average of 5.9% a year over the mediumterm through to 2020.

Table Of Contents

Slovakia Insurance Report Q2 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Slovakia 2013-2020) 7
Insurance 9
Industry Forecast 11
Life Premiums Forecast 11
Table: Life Premiums (Slovakia 2013-2020) 14
Table: Life Insurance Claims (Slovakia 2008-2014) 14
Non-Life Premiums Forecast 15
Table: Non-Life Premiums (Slovakia 2013-2020) 18
Table: Non-Life Insurance Claims (Slovakia 2009-2014) 20
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 - Q216 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 44
Generali 49
Groupama 53
UNIQA Group 55
Vienna Insurance Group (VIG) 58
Methodology 61
Industry Forecast Methodology 61
Risk/Reward Index Methodology 64
Table: Indicators 66
Table: Weighting of Indicators 67

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