Slovenia Insurance Report Q1 2015

Business Monitor International
December 10, 2014
68 Pages - SKU: BMI5405827
Countries covered: Slovenia

Slovenia Insurance Report Q1 2015

BMI View: In line with various recent and anticipated developments in Slovenia's insurance industry, weforesee both life and non-life insurance segments to experience difficulties in achieving growth through the2015-2018 forecast period. While the life insurance segment is set to achieve merely marginal growth, thenon-life segment will exhibit an initial decline in written premiums in 2015 and will fully recover only in2018. According to our expectations, difficult economic conditions in Slovenia, as well as brutalcompetitive pressures across many of the sub-segments of the non-life sector, will continue to have anadverse impact on industrial growth in the years to come.

Slovenia's insurance industry is presently highly challenging - as has been confirmed by data on Q214 andQ314 - and will unlikely change in the foreseeable future. Conditions in the life insurance segment areevidently tough, as numerous actual and potential users of group products have been going bankrupt inrecent years. Moreover, households are nervous and unwilling to commit to long-term life insurancecontracts as the (near) recession persists in Slovenia.



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