Location map
author: OCHA/ ReliefWeb

- Central Europe;
- Neighbours: Hungary, Austria, Czechia, Poland, Ukraine.

- temperate climate;
- cool summers;
- cold, cloudy, humid winters.

Macro indicators
* 2018 estimates
Pop. density*:110.9people/km2
GDP*:90.2EUR billion

European Union:
EU member, since 2004

Currency: Euro
Code: EUR
Since: 2009
- replaced Slovak koruna (SKK)

Insurance market portfolio
* 2018 estimates
Overall Property*:12%
Overall Motor*:31%




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Slovakia 3Q2022 Market Portfolio N B S

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Slovakia 3Q2022 S L A S P O

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Latest news

GENERALI to take over ERGO units in Hungary and Slovakia

Italian insurer GENERALI announced signing an agreement to take over the entire life, non-life and composite insurance portfolios of three entities of ERGO International AG in Hungary and Slovakia. The sale is subject to certain regulatory and anti-trust approvals, as is customary for transactions of this kind. The parties have agreed not to provide details of the purchase price and other terms.

A new life insurance company will launch in CZ & SK markets

Youplus, a new life insurance company, will launch in the Czech and Slovak insurance markets in May 2019. Youplus will begin operation in the Czech Republic the first half of 2019 and enter the Slovak market in the second half.

New appointments made inside AXA CZ & SK

Starting with March 2019, AXA Group will have a new Chief Risk Officer and a new Chief Technical Insurance Officer operating inside Czech Republic and Slovakia. The changes are waiting for regulator's approvals.

SLOVAKIA: Up to 241,000 vehicles on the roads without MTPL coverage in 2018

According to the Slovak Insurers Bureau (SKP) and Statistical Office of the Slovak Republic, there were around 241,000 motor vehicles without a valid MTPL policy on road in 2018. Through the Guarantee Fund, SKP paid for 2,706 claims as a result of accidents caused by uninsured vehicles.

SLOVAKIA's parliament passes new insurance tax

The parliament has passed a bill on the introduction of a new 8% insurance tax in first reading. The new tax will be applied to all products of non-life insurance, with the exception of mandatory contractual insurance.