1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Slovakia Insurance Report Q3 2016

Slovakia Insurance Report Q3 2016

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

Includes 3 FREE quarterly updates

BMI View: Strong Slovakian household income growth and rising disposable income should supportgrowth in gross written premiums in 2016 and following years. Although a small market that is unlikely toexceed EUR2.6bn by 2020, Slovakia remains one of the better performing markets in the Central andEastern European region. With the stabilisation of the EUR/USD exchange rate, the sector's growthprospects will attract the attention of foreign investors and new entrants who may be looking to takeadvantage of a relatively fragmented competitive landscape. The life insurance market will be bolstered bya high savings rate, which is leading to rising interest in pension and retirement products. Meanwhile, inthe non-life sector, rising car ownership will spur growth in motor vehicle insurance, while private healthinsurance will remain small due to the expansion of public health insurance.

Key Updates And Forecasts

-The proportion of life premiums as a total of gross written premiums will rise from 57.5% in 2015 to61.8% in 2020 as average life insurance growth of 5.0% outpaces the 1.2% average growth in the non-lifesector.

-Life insurance growth has been adjusted downwards this quarter due to lower expectations of householdincome growth, but Slovakia remains a strong, growing market in regional terms.

-In spite of anticipated growth in car ownership, growth in motor vehicle premiums (representing 80% ofthe non-life market) will be insufficient to boost non-life gross written premiums to match the rate of thelife sector, particularly with more sluggish growth in property insurance and the contraction in privatehealth insurance.

Table Of Contents

Slovakia Insurance Report Q3 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Slovakia 2013-2020) 7
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 - Q316 32
Market Overview 33
Life Market Overview 33
The Product Offering 33
The Competitive Landscape 33
Table: Life Insurance Market (USDmn) 2007-2014 35
Non-LIfe Market Overview 37
The Product Offering 37
The Competitive Landscape 37
Table: Non-Life Insurance Market (USDmn) 2007-2014 39
Company Profile 41
Achmea 41
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

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10 000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

UK Personal Insurance Distribution: Banks and Retailers

UK Personal Insurance Distribution: Banks and Retailers

  • $ 3 450
  • Industry report
  • June 2016
  • by Verdict Financial

Summary An affinity scheme is a partnership in which an insurer underwrites insurance to be distributed via another company whose primary product or service is not insurance. This includes banks and retailers ...

UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3 450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...


Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.