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SLASPO: SLOVAK market posts 0.9% growth in 1H2012

The Slovak insurance market grew by 0.9% in the first six months of 2012, according to industries figures published by SLASPO (Slovak Insurance Association). The value of premiums amounted to EUR 1.09 billion in 1H2012, up EUR 9.5 million in absolute value, compared with January-June 2011.

SLOVAK market ended 1Q2012 with a loss of 0.75% y-o-y

Gross premiums written by the Slovak Insurance Association (SLASPO) insurers decreased by 0.75% on the year to EUR 581.72 million in the first quarter of 2012, recently figures published by SLASPO showed. During the analyzed period, 23 SLASPO members operated in the profile market.

SLOVAKIA, FY2011: NBS confirmed the upward trend

Last year, Slovak insurance market totaled EUR 2.04 billion, registering an increase by 1.3%, according to the financial figures published by the National Bank of Slovakia (NBS). Previous, SLASPO - the Slovak Insurers' Association, reported a 2.04% y-o-y growth, up to EUR 2.11 billion.

SLOVAKIA, FY2011: Steady growth on a stable market

2011 was a year of modest growth for the Slovak insurance market. All in all, the marked reported a 2.04% y-o-y growth, up to EUR 2.11 billion, according Slaspo - the Slovak insurers' association. Given the legal status of five companies, which are Slaspo members but are operating in Slovakia based on the right of establishment principle, the supervising authorities' data are shown a slightly lower GWP value, of EUR 2.04 billion. However, differences between the two sources are insignificant in relation to the total results and are consistent in terms of general trend.

SLOVAKIA: Gunter GEYER awarded honorary doctorate

At a special ceremony, Gunter GEYER, CEO of VIENNA Insurance Group, received an honorary doctorate from the University of Economics in Bratislava. "I am extremely honored to receive this doctorate. Following Slovakia's dynamic development over the past 20 years has been a fascinating experience, and I am very proud to have played my part in it," said Gunter GEYER.

SLOVAKIA, 3Q2011: Market grows by 2.8% y-o-y

Slovak insurance market grew by 2.8% y-o-y in 3Q2011 in terms of gross written premiums, the Slovak Insurance Association (SLASPO) reported. During the analyzed period, 24 SLASPO members operated in the profile market. These companies showed a total insurance premium of EUR 1.6 billion.

No spectacular times in the Slovak market

By the end of September 2011, amid fears of a deceleration in global economic growth, the National Bank of Slovakia lowered its GDP growth estimate for 2011 and 2012 by 0.2 and 0.9 percentage points respectivelly. According NBS, Slovakia's economy is now expected to grow by only 3.4 percent in 2011 and by 3.8 percent in 2012. The main reasons for the less optimistic forecast are the lower expected growth in foreign demand and the below the line household consumption. The new prognosis was also affected by measures associated with the consolidation of public finances. Still, even less optimistic than in the beginning of 2011, the Slovak economy perspectives are good, maintaining the upward trend installed in 2010.

SLOVAKIA: AXA begins Slovak banking services

THE SLOVAK subsidiary of AXA Bank Europe launched commercial operations in early April when it began offering savings accounts to Slovak customers as it has been doing in the Czech Republic since early 2010.

VIENNA Insurance Group No. 1 in Slovakia

Together with the two other group members, KOMUNALNA Poistovna and Poistovna SLOVENSKEJ, the VIENNA Insurance Group (VIG) holds a position of market leader of its core market in Slovakia, according to company's press release.

SLOVAKIA: Online insurer enters Slovak market

25.10.2010 (The Slovak Spectator)
In late October insurance company Genertel, part of the Generali group, will enter the Slovak market. Genertel will be the only insurer selling its products via direct channels, specifically the internet and a call centre.

UNIQA Slovakia tops up premiums

With a premium growth of 17% to roughly EUR 97.1 million, the Slovakian subsidiary UNIQA Pojistovna grew in 2008 at a rate significantly above the Slovakian insurance market (+11%) and much higher than the other top 10 insurance companies in Slovakia, according to preliminary data. With a market share of 4.6%, UNIQA further strenghtened its position on the sixth place among the 22 insurance companies active in Slovakia.

GROUPAMA Poistovna launched on the Slovak Market

French-based GROUPAMA announced launch of GROUPAMA Poistovna on the Slovak market, which is a result of acquisition of OTP Garancia and its integration into the structure of the Group.