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Non-Life Insurance in Slovakia, Key Trends and Opportunities to 2020

  • Key Facts and Highlights
    • Table Slovak Non-Life Insurance – Key Facts, 2014
    • Table Slovak Non-Life Insurance – Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Slovak Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Slovak Non-Life Insurance – Gross Written Premium (EUR Million and US$ Billion), 2011–2015
        • Table Slovak Non-Life Insurance – Penetration (%), 2011–2015
        • Table Slovak Non-Life Insurance – Gross Written Premium (EUR Million and US$ Billion), 2015–2020
        • Table Slovak Non-Life Insurance – Penetration (%), 2015–2020
        • Table Slovak Non-Life Insurance – Premium per Capita (EUR and US$), 2011–2015
        • Table Slovak Non-Life Insurance – Premium per Capita (EUR and US$), 2015–2020
      • Policies sold
        • Table Slovak Non-Life Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Slovak Non-Life Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Slovak Non-Life Insurance – Paid Claims (EUR Million and US$ Million), 2011–2015
        • Table Slovak Non-Life Insurance – Paid Claims (EUR Million and US$ Million), 2015–2020
      • Profitability
        • Table Slovak Non-Life Insurance – Profitability Ratio (%), 2011–2015
        • Table Slovak Non-Life Insurance – Profitability Ratio (%), 2015–2020
      • Assets and investments
        • Table Slovak Non-Life Insurance – Total Assets (EUR Billion and US$ Billion), 2011–2015
        • Table Slovak Non-Life Insurance – Total Assets (EUR Billion and US$ Billion), 2015–2020
        • Table Slovak Non-Life Insurance – Investment Portfolio (EUR Billion), 2011–2015
        • Table Slovak Non-Life Insurance – Investment Portfolio (EUR Billion), 2015–2020
  • Outlook by Category
    • Table Slovak Non-Life Insurance – Direct Written Premium by Category (EUR Million),2011–2015
    • Table Slovak Non-Life Insurance – Direct Written Premium by Category (EUR Million), 2015–2020
    • Property Insurance
      • Product overview
        • Table Slovakia – Damages Caused by Criminality, (EUR Million) 2011 –2014
        • Table Slovakia – Number of Fire Event, 2011–2014
      • Premium
        • Table Slovak Property Insurance – Direct Written Premium by Sub-Category (EUR Million), 2011–2015
        • Table Slovak Property Insurance – Direct Written Premium by Sub-Category (EUR Million), 2015–2020
      • Policies sold
        • Table Slovak Property Insurance – Number of Policies Sold by Sub-Category (Thousand), 2011–2015
        • Table Slovak Property Insurance – Number of Policies Sold by Sub-Category (Thousand), 2015–2020
      • Claims
        • Table Slovak Property Insurance – Paid Claims (EUR Million and US$ Million), 2011–2015
        • Table Slovak Property Insurance – Paid Claims (EUR Million and US$ Million), 2015–2020
      • Profitability
        • Table Slovak Property Insurance – Loss Ratio (%), 2011–2015
        • Table Slovak Property Insurance – Loss Ratio (%), 2015–2020
    • Motor Insurance
      • Product overview
        • Table Slovakia – Number of Traffic Accidents, 2010–2014
      • Premium
        • Table Slovak Motor Insurance – Direct Written Premium by Sub-Category (EUR Million), 2011–2015
        • Table Slovak Motor Insurance – Direct Written Premium by Sub-Category (EUR Billion), 2015–2020
      • Policies sold
        • Table Slovak Motor Insurance – Number of Policies Sold by Sub-Category (Thousand), 2011–2015
        • Table Slovak Motor Insurance – Number of Policies Sold by Sub-Category (Thousand), 2015–2020
      • Claims
        • Table Slovak Motor Insurance – Paid Claims (EUR Million and US$ Million), 2011–2015
        • Table Slovak Motor Insurance – Paid Claims (EUR Million and US$ Million), 2015–2020
      • Profitability
        • Table Slovak Motor Insurance – Loss Ratio (%), 2011–2015
        • Table Slovak Motor Insurance – Loss Ratio (%), 2015–2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Slovak Liability Insurance – Direct Written Premium by Sub-Category (EUR Million), 2011–2015
        • Table Slovak Liability Insurance – Direct Written Premium by Sub-Category (EUR Million), 2015–2020
      • Policies sold
        • Table Slovak Liability Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Slovak Liability Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Slovak Liability Insurance – Paid Claims (EUR Million and US$ Million), 2011–2015
        • Table Slovak Liability Insurance – Paid Claims (EUR Million and US$ Million), 2015–2020
      • Profitability
        • Table Slovak Liability Insurance – Loss Ratio (%), 2011–2015
        • Table Slovak Liability Insurance – Loss Ratio (%), 2015–2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Slovakia – Registered Vessel, 2011–2014
        • Table Slovakia – Registered Civil Planes, 2011–2014
        • Table Slovakia – Freight Transportation Statistics, (Thousand Tons) 2011–2014
      • Premium
        • Table Slovak Marine, Aviation and Transit Insurance – Direct Written Premium by Sub-Category (EUR Million), 2011–2015
        • Table Slovak Marine, Aviation and Transit Insurance – Direct Written Premium by Sub-Category (EUR Million), 2015–2020
      • Policies sold
        • Table Slovak Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Slovak Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Slovak Marine, Aviation and Transit Insurance – Paid Claims (EUR Million and US$ Million), 2011–2015
        • Table Slovak Marine, Aviation and Transit Insurance – Paid Claims (EUR Million and US$ Million), 2015–2020
      • Profitability
        • Table Slovak Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2015
        • Table Slovak Marine, Aviation and Transit Insurance – Loss Ratio (%), 2015–2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Slovak Non-Life Insurance – Direct Written Premium by Distribution Channel (EUR Million), 2011–2015
      • Table Slovak Non-Life Insurance – Direct Written Premium by Distribution Channel (EUR Million), 2015–2020
      • Table Slovak Non-Life Insurance – Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011–2020
      • Brokers
      • Agencies
      • Direct marketing
  • Natural Hazards
    • Table Slovakia Average Annual Loss by Hazard
    • Flooding
    • Extreme Temperature
    • Wildfires
    • Exposure
  • Competitive Landscape
    • Table Slovak Insurance Industry – Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Allianz-Slovenská Poisovòa, AS – company overview
        • Table Allianz-Slovenská Poisovòa, AS – Key Facts
      • Kooperativa Poisovòa, AS, VIG – company overview
        • Table Kooperativa Poisovòa, AS, VIG – Key Facts
      • Generali Poisovòa, AS – company overview
        • Table Generali Poisovòa, AS – Key Facts
      • Uniqa Poisovòa, AS – company overview
        • Table Uniqa Poisovòa, AS – Key Facts
      • Komunálna Poisovòa AS VIG – company overview
        • Table Komunálna Poisovòa AS VIG – Key Facts
  • Governance, Risk and Compliance
    • Table Slovakia – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Slovakia– Life Insurance Regulatory Framework
      • Property insurance
        • Table Slovakia – Property Insurance Regulatory Framework
      • Motor insurance
        • Table Slovakia – Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Slovakia – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third party liability insurance
      • Air carriers and aircraft liability insurance
        • Table Slovakia – Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
      • Social insurance system
      • Professional indemnity insurance for alternative investment fund managers
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority (EIOPA)
      • Federation of European Risk Management Associations
      • Slovak Insurance Association
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
        • Table Slovakia – Authorization Fee of Insurance and Reinsurance Companies
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Slovakia – Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Slovak Insurance Industry – Policies and Premium, 2011–2015
      • Table Slovak Insurance Industry – Policies and Premium, 2015–2020
    • Claims and Expenses
      • Table Slovak Non-Life Insurance – Claims and Expenses, 2011–2015
      • Table Slovak Non-Life Insurance – Claims and Expenses, 2015–2020
    • Assets and Investments
      • Table Slovak Non-Life Insurance – Assets and Investments, 2011–2015
      • Table Slovak Non-Life Insurance – Assets and Investments, 2015–2020
    • Direct Marketing and E-Commerce
      • Table Slovak Non-Life Insurance – Direct Marketing and E-Commerce, 2011–2015
      • Table Slovak Non-Life Insurance – Direct Marketing and E-Commerce, 2015–2020
    • Insurance Brokers and Agencies
      • Table Slovak Non-Life Insurance – Insurance Brokers and Agencies, 2011–2015
      • Table Slovak Non-Life Insurance – Insurance Brokers and Agencies, 2015–2020
    • Property Insurance
      • Table Slovak Non-Life Insurance – Property Insurance, 2011–2015
      • Table Slovak Non-Life Insurance – Property Insurance, 2015–2020
    • Property Insurance by Product
      • Table Slovak Non-Life Insurance – Property Insurance by Product, 2011–2015
      • Table Slovak Non-Life Insurance – Property Insurance by Product, 2015–2020
    • Motor Insurance
      • Table Slovak Non-Life Insurance – Motor Insurance, 2011–2015
      • Table Slovak Non-Life Insurance – Motor Insurance, 2015–2020
    • Motor Insurance by Product
      • Table Slovak Non-Life Insurance – Motor Insurance by Product, 2011–2015
      • Table Slovak Non-Life Insurance – Motor Insurance by Product, 2015–2020
    • Liability Insurance
      • Table Slovak Non-Life Insurance – Liability Insurance, 2011–2015
      • Table Slovak Non-Life Insurance – Liability Insurance, 2015–2020
    • Marine, Aviation and Transit Insurance
      • Table Slovak Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
      • Table Slovak Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Non-Life Insurance in Slovakia, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Slovakia Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Slovak non-life insurance segment, and a comparison of the Slovak insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Slovak economy and demographics, explains the various types of natural hazard and their impact on the Slovak insurance industry, 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 the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Slovakia Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Slovak non-life insurance segment, including:

  • The Slovak non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Slovak economy and demographics
  • A comparison of the Slovak non-life insurance segment with its regional counterparts
  • The various distribution channels in the Slovak non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Slovak insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Slovakia
  • Details of regulatory policy applicable to the Slovak insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Slovakia:
  • It provides historical values for the Slovak non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Slovak non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Slovak non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Slovakia.
  • It analyzes various natural and man-made hazards and their impact on the Slovak insurance industry
  • It profiles the top non-life insurance companies in Slovakia, 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 Slovak non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Slovak non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Slovak insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The non-life segment accounted for 44.6% of the industry's gross written premium in 2015.
  • Slovak non-life insurance penetration decreased from 1.2% in 2011 to 1.1% in 2015.
  • The increase in fraudulent claims has limited insurers’ profitability during the review period, and also increased the premium prices for other customers.
  • The increasing consumer awareness and the prevalence of a soft phase with stable premium rate supported the liability insurance to grow at a review-period CAGR of 3.6%.
  • The decrease in import and export values is expected to have a negative impact on the demand of marine, aviation and transit insurance over the forecast period.
  • Mandatory motor third-party insurance, stable economic growth, rising motor vehicle sales and growth in the automobile sector is expected to support the growth of the non-life segment over the forecast period.


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