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Life Insurance in Slovenia, Key Trends and Opportunities to 2018

Life Insurance in Slovenia, Key Trends and Opportunities to 2018

Synopsis

Timetric’s 'Life Insurance in Slovenia, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Slovenian life insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary

Timetric’s 'Life Insurance in Slovenia, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Slovenian life insurance segment, including:

  • The Slovenian life insurance segment’s growth prospects by life insurance category
  • Key trends, drivers and challenges for the life insurance segment
  • The various distribution channels in the Slovenian life insurance segment
  • The detailed competitive landscape in the life insurance segment in Slovenia
  • Detailed regulatory policies of the Slovenian insurance industry
  • New product launches by the leading life insurers
Scope

This report provides a comprehensive analysis of the life insurance segment in Slovenia:
  • It provides historical values for the Slovenian life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Slovenian life insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for life insurance products in Slovenia.
  • It profiles the top life insurance companies in Slovenia and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Slovenian life insurance segment and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Slovenian life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify the growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Slovenian insurance industry and their impact on companies and the industry's future.
Key Highlights
  • The Slovenian life insurance segment recorded a compound annual growth rate (CAGR) of -2.9% during the review period (2009–2013).
  • The life segment is highly consolidated, with the 10 leading insurers representing 98.9% of the segment’s written premium in 2013.
  • The popularity of endowment policies increased during the review period. The endowment category accounted for 25.3% of the total life gross written premium in 2013.
  • The poor performance of unit-linked products was a key factor behind the life segment’s negative growth during the review period.
  • Increased life expectancy and pension reform to increase demand for life insurance over the forecast period.


  • Key Facts and Events
    • Table Slovenian Life Insurance - Key Facts, 2013
  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Slovenian Insurance Industry Attractiveness
    • Insurance Industry Size, 2009-2018
      • Table Slovenian Insurance Industry - Gross Written Premium by Segment (EUR Million), 2009-2013
      • Table Slovenian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2009-2013
      • Table Slovenian Insurance Industry - Gross Written Premium by Segment (EUR Million), 2013-2018
      • Table Slovenian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2013-2018
      • Table Slovenian Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018
      • Table Slovenian Insurance Industry - Direct Written Premium by Segment (EUR Million), 2009-2013
      • Table Slovenian Insurance Industry - Direct Written Premium by Segment (US$ Million), 2009-2013
      • Table Slovenian Insurance Industry - Direct Written Premium by Segment (EUR Million), 2013-2018
      • Table Slovenian Insurance Industry - Direct Written Premium by Segment (US$ Million), 2013-2018
      • Table Slovenian Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018
  • Life Insurance Outlook
    • Key Drivers
    • Key Trends
    • Challenges
    • Life Insurance Growth Prospects by Category
      • Table Slovenian Life Insurance - Gross Written Premium by Category (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
      • Table Slovenian Life Insurance - Gross Written Premium by Category (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
      • Table Slovenian Life Insurance - New Business Written Premium (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - New Business Written Premium (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - Earned Premium (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Earned Premium (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - Sum Assured (EUR Billion), 2009-2013
      • Table Slovenian Life Insurance - Sum Assured (EUR Billion), 2013-2018
      • Table Slovenian Life Insurance - Paid Claims (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Paid Claims (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - Incurred Loss (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Incurred Loss (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - Loss Ratio (%), 2009-2013
      • Table Slovenian Life Insurance - Loss Ratio (%), 2013-2018
      • Table Slovenian Life Insurance - Commissions and Expenses (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Commissions and Expenses (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - Combined Ratio (%), 2009-2013
      • Table Slovenian Life Insurance - Combined Ratio (%), 2013-2018
      • Table Slovenian Life Insurance - Fraud and Crime (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Fraud and Crime (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - Total Assets (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Total Assets (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - Total Investment Income (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Total Investment Income (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - Retentions (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Retentions (EUR Million), 2013-2018
    • Individual Life Insurance
      • Table Slovenian Individual Life Insurance - Gross Written Premium by Category (EUR Million), 2009-2013
      • Table Slovenian Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
      • Table Slovenian Individual Life Insurance - Gross Written Premium by Category (EUR Million), 2013-2018
      • Table Slovenian Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
      • Table Slovenian Individual Life Insurance - Direct Written Premium by Category (EUR Million), 2009-2013
      • Table Slovenian Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
      • Table Slovenian Individual Life Insurance - Direct Written Premium by Category (EUR Million), 2013-2018
      • Table Slovenian Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
      • Table Slovenian Individual Life Insurance - Policies by Category (Thousand), 2009-2013
      • Table Slovenian Individual Life Insurance - Policies by Category (Thousand), 2013-2018
      • Individual whole life insurance
        • Table Slovenian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Individual Whole Life Insurance - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Individual Whole Life Insurance - Gross Written Premium (EUR Million), 2013-2018
      • Individual general annuity insurance
        • Table Slovenian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Individual General Annuity Insurance - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Individual General Annuity Insurance - Gross Written Premium (EUR Million), 2013-2018
      • Individual pension insurance
        • Table Slovenian Individual Pension Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Individual Pension Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Individual Pension Insurance - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Individual Pension Insurance - Gross Written Premium (EUR Million), 2013-2018
      • Individual endowment insurance
        • Table Slovenian Individual Endowment Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Individual Endowment Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Individual Endowment Insurance - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Individual Endowment Insurance - Gross Written Premium (EUR Million), 2013-2018
      • Individual supplementary insurance
        • Table Slovenian Individual Supplementary Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Individual Supplementary Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Individual Supplementary Insurance - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Individual Supplementary Insurance - Gross Written Premium (EUR Million), 2013-2018
      • Other individual other insurance
        • Table Slovenian Other Individual Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Other Individual Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Other Individual Insurance - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Other Individual Insurance - Gross Written Premium (EUR Million), 2013-2018
    • Life Insurance Growth Prospects by Customer Segment
      • Individual single-premium insurance
        • Table Slovenian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Individual Single-Premium Insurance - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Individual Single-Premium Insurance - Gross Written Premium (EUR Million), 2013-2018
        • Table Slovenian Individual Single-Premium Insurance - Direct Written Premium (EUR Million), 2009-2013
        • Table Slovenian Individual Single-Premium Insurance - Direct Written Premium (EUR Million), 2013-2018
      • Individual non-single-premium insurance
        • Table Slovenian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Individual Non-Single-Premium Insurance - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Individual Non-Single-Premium Insurance - Gross Written Premium (EUR Million), 2013-2018
        • Table Slovenian Individual Non-Single-Premium Insurance - Direct Written Premium (EUR Million), 2009-2013
        • Table Slovenian Individual Non-Single-Premium Insurance - Direct Written Premium (EUR Million), 2013-2018
    • Life Insurance Growth Prospects by Product Type
      • Total linked insurance business
        • Table Slovenian Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Linked Insurance Business - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Linked Insurance Business - Gross Written Premium (EUR Million), 2013-2018
        • Table Slovenian Linked Insurance Business - Direct Written Premium (EUR Million), 2009-2013
        • Table Slovenian Linked Insurance Business - Direct Written Premium (EUR Million), 2013-2018
      • Total non-linked insurance business
        • Table Slovenian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
        • Table Slovenian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
        • Table Slovenian Non-Linked Insurance Business - Gross Written Premium (EUR Million), 2009-2013
        • Table Slovenian Non-Linked Insurance Business - Gross Written Premium (EUR Million), 2013-2018
        • Table Slovenian Non-Linked Insurance Business - Direct Written Premium (EUR Million), 2009-2013
        • Table Slovenian Non-Linked Insurance Business - Direct Written Premium (EUR Million), 2013-2018
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table Slovenian Life Insurance - Direct Marketing Commission Paid (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Direct Marketing Commission Paid (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
      • Table Slovenian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
      • Table Slovenian Life Insurance - Number of Direct Marketing Distributors, 2009-2013
      • Table Slovenian Life Insurance - Number of Direct Marketing Distributors, 2013-2018
    • Bancassurance
      • Table Slovenian Life Insurance - Bancassurance Commission Paid (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Bancassurance Commission Paid (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013
      • Table Slovenian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018
      • Table Slovenian Life Insurance - Number of Bancassurance Distributors, 2009-2013
      • Table Slovenian Life Insurance - Number of Bancassurance Distributors, 2013-2018
    • Agencies
      • Table Slovenian Life Insurance - Commission Paid to Agencies (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Commission Paid to Agencies (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013
      • Table Slovenian Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018
      • Table Slovenian Life Insurance - Number of Agencies, 2009-2013
      • Table Slovenian Life Insurance - Number of Agencies, 2013-2018
    • E-Commerce
      • Table Slovenian Life Insurance - E-Commerce Commission Paid (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - E-Commerce Commission Paid (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Gross Written Premium New Business (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013
      • Table Slovenian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018
      • Table Slovenian Life Insurance - Number of E-Commerce Distributors, 2009-2013
      • Table Slovenian Life Insurance - Number of E-Commerce Distributors, 2013-2018
    • Brokers
      • Table Slovenian Life Insurance - Commission Paid to Brokers (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Commission Paid to Brokers (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013
      • Table Slovenian Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018
      • Table Slovenian Life Insurance - Number of Brokers, 2009-2013
      • Table Slovenian Life Insurance - Number of Brokers, 2013-2018
    • Other Channels
      • Table Slovenian Life Insurance - Commission Paid to Other Channels (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - Commission Paid to Other Channels (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2009-2013
      • Table Slovenian Life Insurance - New Business Gross Written Premium (EUR Million), 2013-2018
      • Table Slovenian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013
      • Table Slovenian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018
      • Table Slovenian Life Insurance - Number of Distributors in Other Channels, 2009-2013
      • Table Slovenian Life Insurance - Number of Distributors in Other Channels, 2013-2018
  • Governance, Risk and Compliance
    • Legislation Overview and Historical Evolution
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Slovenia - Life Insurance Regulatory Framework
      • Property insurance
        • Table Slovenia - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Slovenia - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Slovenia - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Health insurance
      • Motor third-party liability insurance
      • Marine third-party liability insurance
        • Table Slovenia - Liability Limits for Third-Party Death and Physical Injury
        • Table Slovenia - Liability Limits for Other Claims
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Insurance Supervision Agency
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Slovenia - Corporate Tax Rates for the Financial Year 2012-2013
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the Slovenian Life Segment
      • Table Shares of Key Insurers in the Life Segment (%), 2013
    • Leading Life Insurers - New Product Launches
    • Zavarovalnica Triglav, dd - Company Overview
    • Zavarovalnica Maribor - Company Overview
    • Adriatic Slovenica Zavarovalna družba dd - Company Overview
    • NLB Vita dd Ljubljana - Company Overview
    • Merkur Versicherung AG - Company Overview
    • Prva osebna zavarovalnica, dd - Company Overview
    • Generali zavarovalnica dd - Company Overview
    • Grawe zavarovalnica dd - Company Overview
    • Modra zavarovalnica - Company Overview
    • Zavarovalnica Tilia, dd - Company Overview
  • Appendix - 1
    • Economic Performance
      • GDP at constant prices (US$)
      • GDP per capita at constant prices (US$)
      • GDP at current prices (US$)
      • GDP per capita at current prices (US$)
      • GDP by key sector
      • Agriculture, hunting, forestry and fishing net output at current prices (US$)
      • Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
      • Manufacturing net output at current prices (US$)
      • Manufacturing net output at current prices as a percentage of GDP
      • Mining, manufacturing and utilities at current prices (US$)
      • Mining, manufacturing and utilities at current prices as a percentage of GDP
      • Construction net output at current prices (US$)
      • Construction net output at current prices as a percentage of GDP
      • Inflation rate
      • Exports as a percentage of GDP
      • Imports as a percentage of GDP
      • Merchandise exports growth
      • Merchandise imports growth
      • Annual average exchange rate EUR-US$
    • Infrastructure
      • Total internet subscribers
    • Labor Force
      • Unemployment rate
      • Size of labor force
    • Demographics
      • Gross national disposable income (US$)
      • Total population
      • Urban and rural populations
      • Age distribution of the total population
      • Life expectancy
  • Appendix - 2
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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