Slovakia Insurance Report Q2 2016

Date: February 24, 2016
Pages: 67
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Slovakia's insurance sector looks to be well positioned for growth over the next few years as the economy is likely to be among the best performing in the EU. Growth in household wealth and disposable incomes should drive demand for life insurance products in particular, as consumers have money to spend on pension and retirement income products. From a relatively low base, life underwriting should grow by around 6% a year through the forecast period, making it one of the better performing markets in the Central and Eastern European region. The sector's growth prospects will attract the attention of foreign investors and new entrants who may be looking to take advantage of a relatively fragmented competitive landscape. Growth in the non-life segment will be more modest, due in large part to slower growth in the core property and motor vehicle lines. However, high levels of consumer spending will aid the development of 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 medium term through to 2020.
BMI Industry View
  Table: Headline Insurance Forecasts (Slovakia 2013-2020)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Slovakia 2013-2020)
  Table: Life Insurance Claims (Slovakia 2008-2014)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (Slovakia 2013-2020)
  Table: Non-Life Insurance Claims (Slovakia 2009-2014)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums By Product Line (Slovakia 2013-2020)
Insurance Risk/Reward Index
Emerging Europe Risk/Reward Index
  Table: Emerging Europe Insurance Risk/Reward Index - Q216
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
  Table: Weighting of Indicators
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