Sign in to our library of over $5 million worth of researchclose

Two Quick Steps

* Required Fields

Click Your Industry



Registered Customers

If you have an account with us, please log in.

* Required Fields



Subscribe today
Sign in to our library of over $5 million worth of researchclose

Two Quick Steps

* Required Fields

Click Your Industry



Registered Customers

If you have an account with us, please log in.

* Required Fields



Subscribe today

We deliver Mobile Wallet Market Research and SWOT Analysis from Alternative Energy to Pharmaceuticals and Healthcare Market Research Reports to Digital Media.

Skip to Main Content »

Search Site
Researchers Currently Online:1123

Slovakia Insurance Report Q3 2011

Slovakia Insurance Report Q3 2011

Double click on above image to view full picture

Zoom Out
Zoom In
Additional Information
Price $530.00
Meta Description With a population of just 5.4 million, the Slovakian insurance market is relatively small.
The life segment was actually larger
Publisher Business Monitor International
Date of Report Jun 17, 2011
Quick Overview
With a population of just 5.4 million, the Slovakian insurance market is relatively small.
The life segment was actually larger in revenue terms than the non-life segment in 2010.
The non-life segment is dominated by motor insurance through compulsory third-party (CTP) and fully comprehensive insurance. Pricing power is poor and discounting is a feature of the market. Revenues for the non-life segment in 2010 were broadly similar to the levels in 2005. The market has shown little change in revenues throughout the period.
The life segment was enjoying strong growth in revenue prior to the global financial crisis. Since 2008, revenues in the segment have been tracking sideways.
The Slovakian economy is very export dependant and as such has been enjoying a good recovery in industrial production since early 2010 in response to economic recoveries taking place in its main trading partners in Europe, including Germany. As such an economic recovery is under way in Slovakia, which should assist revenues in the insurance sector. However unemployment in Slovakia remains relatively high at 12.5% and, with a more cautious consumer after the global financial crisis, the outlook for household spending is muted.
The corporate results available show that there was some recovery in the life segment in 2010, though overall revenues were only up by 2.2%. BMI expects pricing will stabilise in the non-life segment.
Table of Contents
Executive Summary ........................................................................................................................................ 5
Table: Total Premiums, 2008-2015 ...................................................................................................................................................................... 5
Key Insights And Key Risks ........................................................................................................................................................................................ 5
SWOT Analysis ................................................................................................................................................ 6
Slovakia Insurance Industry SWOT ...................................................................................................................................................................... 6
Slovakia Political SWOT....................................................................................................................................................................................... 7
Slovakia Economic SWOT .................................................................................................................................................................................... 7
Slovakia Business Environment SWOT ................................................................................................................................................................. 8
Life .................................................................................................................................................................... 9
Central And Eastern Europe Life Sector Overview .................................................................................................................................................... 9
Table: Central And Eastern Europe’s Life Premiums, 2008-2015 (US$mn) .......................................................................................................... 9
Slovakia Life Sector Update ..................................................................................................................................................................................... 11
Table: Breakdown Of Gross Written Life Premiums, 9M10 ................................................................................................................................ 11
Life Industry Forecast Scenario ............................................................................................................................................................................... 12
Table: Total Life Premiums, 2008-2015 ............................................................................................................................................................. 12
Population .......................................................................................................................................................................................................... 13
Table: Insurance Sector Key Drivers – Demographics, 2008-2015 ..................................................................................................................... 13
Non-Life .......................................................................................................................................................... 15
Central And Eastern Europe Non-Life Sector Overview .......................................................................................................................................... 15
Table: Central And Eastern Europe’s Non-Life Premiums, 2008-2015 (US$mn) ................................................................................................ 15
Slovakia Non-Life Sector Update ............................................................................................................................................................................. 17
Table: Breakdown Of Gross Written Non-Life Premiums, 9M2010 ..................................................................................................................... 17
Non-Life Industry Forecast Scenario ....................................................................................................................................................................... 18
Table: Total Non-Life Premiums, 2008-2015 ..................................................................................................................................................... 18
Macroeconomic Outlook ..................................................................................................................................................................................... 18
Table: Slovakia Economic Data, 2008-2015 ....................................................................................................................................................... 21
Political Stability Outlook ................................................................................................................................................................................... 22
Table: Europe Security Risk Ratings .................................................................................................................................................................. 22
Healthcare .......................................................................................................................................................................................................... 25
Health Insurance ................................................................................................................................................................................................ 26
Epidemiology ...................................................................................................................................................................................................... 29
Table: Insurance Sector Key Drivers – Disability-Adjusted Life Years, 2008-2015 ............................................................................................ 29
Motor .................................................................................................................................................................................................................. 31
Table: Insurance Sector Key Drivers – Autos, 2008-2015 .................................................................................................................................. 31
Insurance Risk/Reward Ratings ................................................................................................................... 33
Table: Slovenia’s Insurance Risk/Reward Ratings.............................................................................................................................................. 33
Table: Central And Eastern Europe Insurance Risk/Reward Ratings .................................................................................................................. 34
Competitive Landscape ................................................................................................................................ 35
Competitive Landscape Analysis .............................................................................................................................................................................. 35
Major Players In Slovakia’s Insurance Sector ......................................................................................................................................................... 36
Table: Ranking Of Non-Life Companies By Premiums, 9M10 ............................................................................................................................. 37
Table: Ranking Of Life Companies By Premiums, 9M10 .................................................................................................................................... 38
Company Profiles .......................................................................................................................................... 39
Regional Company Profiles ..................................................................................................................................................................................... 39
AEGON ............................................................................................................................................................................................................... 39
Allianz ................................................................................................................................................................................................................. 40
Aviva ................................................................................................................................................................................................................... 42
AXA ..................................................................................................................................................................................................................... 43
BNP Paribas Cardif ............................................................................................................................................................................................ 44
ERGO ................................................................................................................................................................................................................. 45
Eureko ................................................................................................................................................................................................................ 47
Generali .............................................................................................................................................................................................................. 49
GRAWE .............................................................................................................................................................................................................. 51
Groupama ........................................................................................................................................................................................................... 52
HDI-Gerling/Talanx ........................................................................................................................................................................................... 53
ING ..................................................................................................................................................................................................................... 54
KBC Group ......................................................................................................................................................................................................... 55
MetLife ALICO ................................................................................................................................................................................................... 56
Prudential Financial ........................................................................................................................................................................................... 58
QBE .................................................................................................................................................................................................................... 59
RSA ..................................................................................................................................................................................................................... 60
UNIQA ................................................................................................................................................................................................................ 61
Vienna Insurance Group ..................................................................................................................................................................................... 62
Zurich ................................................................................................................................................................................................................. 64
BMI Methodology .......................................................................................................................................... 65
Insurance Risk/Reward Ratings ............................................................................................................................................................................... 67
Table: Insurance Risk/Reward Indicators And Rationale ................................................................................................................................... 68
Table: Weighting Of Indicators .......................................................................................................................................................................... 69




...