Slovakia Insurance Report Q1 2016

Date: November 4, 2015
Pages: 66
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: The insurance market in Slovakia is one of the more developed in the Central and Eastern Europe region and benefits from the strong presence of major regional and global insurers, which bring high levels of expertise and capitalisation to the industry. Both the life and non-life insurance sectors are expected to grow throughout our forecast period, benefiting from wider economic growth in the country and relatively high levels of disposable income, although we do note that currency movements against the strengthening US dollar will result in a short-term contraction in premiums written when measured in US dollar terms.

Key Updates and Forecasts
  • Slovakia's slightly more developed life insurance industry is expected to see steady growth throughout the forecast period, recovering from a short-term contraction caused by currency movements to see premiums grow from USD1.38bn in 2015 to USD1.88bn in 2019.
  • Growth will be slower in the non-life sector, which is hampered by price competition and limited demand for non-motor and property lines. As such premiums are expected to increase from USD1.05bn in 2015 to USD1.29bn at the end of the current forecast period.
  • While the government has increased the minimum wage to EUR405 from 2016 the basic wage level for employer exemptions for contributions to public health insurance plans will remain at EUR380mn.
BMI Industry View
  Table: Headline Insurance Forecasts (Slovakia 2012-2019)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Slovakia 2012-2019)
  Table: Life Insurance Claims (Slovakia 2007-2013)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (Slovakia 2012-2019)
  Table: Non-Life Insurance Claims (Slovakia 2008-2014)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums by Product Line (Slovakia 2012-2019)
Industry Risk Reward Ratings
Emerging Europe Risk/Reward Index
  Table: Emerging Europe Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
  Table: Life Insurance Market (USDmn) 2007-2014
Non-LIfe Market Overview
The Product Offering
The Competitive Landscape
  Table: Non-Life Insurance Market (USDmn) 2007-2014
Company Profile
Vienna Insurance Group (VIG)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
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