Key Market Indicators
Slovak insurance spending is projected to reach €1.08 billion by 2028, rising from an estimated €958 million in 2023. This marks an annual growth rate of approximately 1.9%. Since 2000, demand for insurance in Slovakia has increased at an average annual rate of 3.2%. In a related trend, Slovak gross written premium is expected to hit $3.22 billion by 2028, up from $2.96 billion in 2023. This represents an average annual growth rate of 1.4%. However, since 2002, the supply of gross written premium in Slovakia has declined by 5.6% annually. In 2023, Slovakia ranked 20th globally in gross written premium, with Peru narrowly ahead at $2.96 billion. Leading the rankings were the United Kingdom, Germany, and the Netherlands, occupying the second, third, and fourth positions respectively.
