Slovakia Insurance Q1 2019
The outlook for the Slovakian insurance industry is bright with steady organic prospects envisaged on the medium-termhorizon to 2022. The insurance market is well developed, particularly the larger life insurance segment. Factors underpinning ouroutlook include rising household incomes and solid economic growth that will boost demand for protection, savings andinvestment products in the life sector as well as for mandatory and discretionary covers in the non-life market. In terms ofcompetitive dynamics, we are of the view that the insurance industry is already home to a number of large regional and globalcarriers and more new entrants are unlikely on a large-scale until the market has grown further to support more competitors.
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