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Slovakia Insurance Report Q3 2008Published by: Business Monitor International Published: Sep. 17, 2008 - 75 Pages Table of Contents
AbstractIn Q308, the key change is that we have incorporated much more information about the companies thatare operating across the regions of which each country is a part. We have sought to make it much clearerwho is operating in each country and under what name(s).Perhaps equally importantly, our profiles makeit plain which multi-national companies are not operating in each country.In Central and Eastern Europe, we profile 22 multi-national insurance companies. In alphabetical order,these are AEGON, AIG, Allianz, Aviva, AXA, Cardif,ERGO, Eureko, Fortis, Generali, GRAWE,Groupama, HDI-Gerling, HSBC Insurance, ING, MetLife, Prudential Financial, QBE, RSA,UNIQA,Vienna Insurance Group and Zurich Financial Services. We also discuss the regional presence of Belgium’s KBC and Austria’s Erste Bank through a number ofinsurance subsidiaries and explain the importance, for each of the various countries, of purely domesticfirms. For almost all the countries whose reports we are updating, we are also able to include actual data forcalendar-year 2007: this was not the case for our Q208 reports. In 2007, total premiums in Slovakia rose by 7% to SKK57,680mn. Non-life premiums rose by 2% toSKK28,860mn, while Life premiums rose by 13% to SKK28,820mn.Between now and the end of theforecast period, we expect that annual non-life premiums will grow by SKK46,372mn, while annual lifepremiums should increase by SKK22,242mn.Growth in non-life premiums should be driven by thegeneral growth in nominal GDP plus a rise in non-life penetration from the current level of 1.59% to2.80%. Growth in life premiums should be driven by the change in the overall population and a rise in lifedensity from US$210.62 to US$400.00 per capita. BMI’s Insurance Business Environment Rating is 61.9. Get Full Details About This Report >> |
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