SLOVAK market ended 1Q2012 with a loss of 0.75% y-o-y
First quarter GWPs from non-life insurance decreased by 2.61% to EUR 300.13 million, while premiums revenue from life insurance segment grew by 1.30% to EUR 281.60 million, equivalent to 48.41% of total market.
In the first three months of 2012, three major insurance groups have held over 72% market share of the total market: VIENNA INSURANCE Group, ALLIANZ and GENERALI.
The VIENNA INSURANCE Group companies (KOOPERATIVA poistovna, KOMUNALNA and Poistovna SLOVENSKEJ sporitelne) achieved in 1Q2012 a market share of 34.11% and thus consolidated their position as the number 1 in the Slovak insurance market.
ALLIANZ was the second largest group in the insurance market, the insurance company ALLIANZ - Slovenska poistovna obtaining a market share of 29.63%. Analyzing only the activity of insurance companies, ALLIANZ - Slovenska poistovna was the market leader, before KOOPERATIVA poistovna VIG. At the same time, according to SLASPOS's financial figures, ALLIANZ - Slovenska poistovna was the market leader in both market segments: life insurance (including unit-linked) and non-life insurance (including Motor hull). In the market hierarchy presented on MTPL, ALLIANZ - Slovenska poistovna ranks second after KOOPERATIVA poistovna VIG.
Created in 2008 by a merger of CESKA poistovna - Slovensko and GENERALI Poistovna, GENERALI Slovensko was the third insurer in Slovakia, with overall market share in premiums written of 8.62%.
Access www.xprimm.com and download the 1Q2012 Slovak insurance market statistics.
- Gross written premiums
- Growth rates
- Total market ranking
- Life insurance ranking
- Unit-linked insurance ranking
- Non-life insurance ranking
- Motor hull insurance ranking
- MTPL insurance ranking