STATISTICS: SLOVAK Rep., FY2016: apparently stagnating business

According to the Slovak Insurance Association data, the Slovak insurers ended 2016 with GWP of EUR 1,987 million, a result which is more or less in line with the previous year's premium production.

Life insurance GWP went down by about 7%, mostly because of the business reduction on the single premium segment, according some market sources. Non-life insurance lines saw a 4.3% increase in GWP, with several players mentioning motor insurance as the main driver. Yet, as at this time very few official data are available, one should consider these data as only informatory.

Although official data concerning the market rankings are not available, we have gathered some information from the annual reports published by the market players. Overall, the market hierarchy seems to be quite similar to the last official rankings available, for the year 2014.

Thus, according to the VIENNA Insurance Group report for 2016, the three insurers representing the Austrian group in Slovakia - Kooperativa, Komunalna and PSLSP -, together account for a 32.9% market share.

The GENERALI subsidiary is holding, according to the Group's statement, for a 7.5% share of the life insurance business, and a 11.5% of the P&C market.

In 2015, according to XPRIMM calculations, the ALLIANZ subsidiaries had a market share of 34.8% on the P&C segment and 23.4% on the life insurance market.

Find more 2016 market information in the forthcoming edition of the XPRIMM Insurance Report CEE, SEE & CIS - FY2016, to be launched on 22 May.

Access www.xprimm.com and download the FY2016 Slovak insurance market statistics.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

Public insurers appoint Achim Bosch to reinsurer board

The supervisory bodies of Deutsche Ruckversicherung AG and the Association of German Public Insurers decided today, to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.

11.10.2018

TOP EVENT

HOEPKE, Munich Re: I expect at least a stable renewal round in 2019

After severe storm damage in Japan and the United States, Munich Re is looking with a little more optimism to the next renewal season. "I expect at least a stable renewal round in 2019," Board member Doris HOEPKE said in Baden-Baden. Until recently the reinsurer's expectations were leaning towards a stagnant season.

22.10.2018

photodune-3834701-laughing-girl-xs

Five new XPRIMM insurance reports on the Baden Baden stands

Five new titles are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

21.10.2018

See all