Last year, the Slovak insurance market totaled EUR 2.28 billion, 1.65% more y-o-y, according to the end-year statistics published by the National Bank of Slovakia (NBS).

At the same time, the profits of local insurers amounted to EUR 158.31 million at the end of December 2019, which was 1.7% more compared to end-2018 (EUR 155.65 million).

Non-life technical result was up by 61% to EUR 49.88 million (vs. EUR 30.95 milion), while the same indicator calculated for life segment was negative EUR-84.49 million vs. EUR 114.67 million in 2018.

In GWP terms, the life insurance segment was down by 1.18% y-o-y to EUR 1.01 billion, these types of policies generating 44.43% of the total insurance market, while the non-life classes accounted for EUR 1.27 billion (or 55.57% of total GWP), or 4.0 % more y-o-y.
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• Slovakia FY2019 Market Portfolio