In the first three quarters of 2020, the Slovak Republic insurance market totaled EUR 1.68 million, 1.88% less y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).

The life insurance segment was down by 6.82% y-o-y to EUR 702.89 million, these types of policies generating 41.79% of the total insurance market, while the remaining 58.21% was accounted by non-life subclasses - GWP of EUR 979.17 million or 2% more y-o-y.

At the same time, the profits of local insurers more than doubled amounting EUR 132.63 million at the end of September 2020 vs. EUR 63.21 million (Q3 2019).

Technical result in life insurance was EUR 85.44 million (vs. EUR -159.34 million a year before), while the same indicator in non-life insurance increased by 61.78% y-o-y to EUR 62.17 million

Access www.xprimm.com and download the Q3 2020 Slovak Rep. insurance market statistics.