Slovakia
STATISTICS: SLOVAK Rep., NBS: The insurance market went down by 4% in 2015
Last year, the Slovak insurance market totaled EUR 2 billion, down by 4.1% y-o-y, as the preliminary statistics published by the National Bank of Slovakia (NBS) indicated. The life insurance field decreased by 9.6% y-o-y due to the 18% depreciation of unit-linked subsegment, while the non-life GWP was up by 2.8% to EUR 965 million.
3 March 2016SLOVAKIA: ALLIANZ acquires "Central Shopping Center" in Bratislava
ALLIANZ Real Estate (ARE) has acquired 100% of the shares of Central Shopping Center in Bratislava from IMMOCAP Group, a Slovakian real estate development company, for around EUR 175 million. It is the first real estate investment of ALLIANZ in Slovakia.
21 January 2016STATISTICS: SLOVAK Rep.: Life segment down by 8.4% y-o-y in 3Q influencing the aggregate values
The Slovak insurance decreased 3.6% y-o-y during January-September 2015 to EUR 1.53 billion, according to the financial figures published by the National Bank (NBS). In the analyzed period, life insurance decreased by 8.4%, to EUR 798 million, while the non-life insurance segment was up by 2.3%, to EUR 740 million.
17 December 2015STATISTICS: SLOVAK Rep., 1H2015: 16% increase of the market aggregate profit
In 1H2015, the Slovak insurance market totaled EUR 1.06 billion, while the value of paid claims by local insurer was EUR 586.4 million, according to the financial figures published on the NBS's web-site (National Bank of Slovakia). More in detail, the life insurance field generated more than half of total GWP (51.3%), while the non-life classes accounted for 48.7% of the market (EUR 516 million).
8 October 2015STATISTICS: SLOVAK insurance market up by 4.4% in 1Q2015, NBS
In 1Q2015 the Slovak insurance market totaled EUR 614.20 million, 4.43% up y-o-y, the statistics published by the National Bank of Slovakia (NBS) indicated. The value of paid claims increased by 4.67% y-o-y to EUR 313.88 million.
26 August 2015SLOVAKIA: KBC acquires Volksbank Leasing
Yesterday, CSOB Leasing and Volksbank Leasing International reached
agreement for CSOB Leasing to acquire all the shares of Volksbank
Leasing Slovakia and its insurance brokerage subsidiary, Volksbank
Sprostredkovatel'ska.
6 July 2015STATISTICS: SLOVAK insurers' GWP rises 3.62% in January-March 2015
The value of aggregate gross written premiums of insurer members of Slovak Insurance Association - SLASPO has risen by an annual of 3.62% to EUR 632.29 million in the first three months of 2015, as the preliminary SLASPO statistics indicated.
3 July 2015SLOVAKIA: Insurance sector profits rise
The Slovak insurance sector had a profit of EUR 179 million last year, according to the National Bank of Slovakia (NBS). This represented year-on-year growth of 13.3 percent.
9 June 2015SLOVAK insurance market is stable
The outlook for the insurance market in Slovakia remains stable and
while car insurance is seeing heightened competition, the launch of
payments from the second pension pillar has the potential to alter the
market.
8 June 2015STATISTICS: SLOVAKIA FY2014: EUR 181 million, the second highest consolidated net profit in history
The consolidated net profit of the Slovak insurance market amounted, in 2014, to EUR 181.09 million, 13.4% up y-o-y, according to data provided by the National Bank of Slovakia (NBS). "The amount is the second highest in history, while the maximum, EUR 188 million, was reached in 2011," Julia CILLIKOVA, Director of the NBS Regulation and Financial Analysis Department, told XPRIMM.
30 April 2015Slovak Telekom offers insolvency insurance
Slovak Telekom, in cooperation with the insurance company Allianz, introduced Invoice Insurance, which provides coverage in the event a person is unable to pay his monthly invoices, not only to Slovak Telekom, but also to other companies including housing fees. The service is offered in four levels, depending on coverage: 25, 25+, 50 and 50+.
5 February 2015SLOVAKIA: Insurers keeping up with fraudsters
Fraud has always been a concern for insurance companies, but fraudsters
are developing ever more sophisticated schemes; insurance companies,
meanwhile, are responding with more effective countermeasures.
17 December 2014SLOVAKIA: More floods mean more insurance
The impact of torrential rain, thunderstorms, lightning, hail,
landslides and floods caused millions of euros in damage in Slovakia
this year, and with signs that climate change is creating less
predictable global weather patterns, flood insurance is an increasingly
necessary investment for many homeowners and businesses.
17 December 2014SLOVAKIA wins another dispute with Dovera health insurer
Slovakia has won a lawsuit with commercial health insurance company Dovera, according to a recent ruling of the European Commission, the Trend weekly website reported on December 8.
11 December 2014STATISTICS: SLOVAKIA, 3Q2014: divergent trend on the life and non-life insurance lines
Gross written premium in 3Q2014 by the Slovak insurers went up y-o-y by 2%, to EUR 1.6 billion, at a fairly equal growth pace for life and non-life insurance segments. According to the National Slovak Bank, the market supervisor, overall the number of insurance policies grew by 4.13%, which compared with the GWP increase indicates a still highly competitive market.
11 December 2014STATISTICS: SLOVAKIA: No substantial discontinuities during the first six months of 2014
The Slovak market recorded once again a growth rate of about 2% in GWP, to EUR 1.13 billion. The positive trend was visible both on the life and non-life segments.
16 October 2014SLOVAK charged with insurance fraud detained in Cuba
A Slovak man who was being sought by police over alleged insurance fraud
has been apprehended in Cuba, the TASR newswire learned from Martin
Waldl of the Police Corps Presidium's communications and crime
prevention department on October 9. "Following close cooperation
with the Cuban Embassy in Slovakia and the Slovak Embassy in Cuba, the
first extradition of a person from Cuba to Slovakia took place today,"
said Waldl, as quoted by TASR.
13 October 2014SLOVAKIA 1Q2014: ALLIANZ Slovenska climbed faster than the market and became the uncontested leader
The Slovak market continued in 1Q2014 its slow paced but stable growth, recording once again a growth of about 2.7% in GWP, to EUR 588 million. The positive trend was visible both on the life and non-life segments
7 August 2014SLOVAKIA: Insurance claims start rolling in after thunderstorm
The severe thunderstorm that swept across Bratislava on August 3 caused
damage to property worth hundreds of thousands of euros, insurance
companies active in Slovakia informed.
5 August 2014SLOVAKIA: ORANGE offers free travel insurance with roaming
Orange Slovakia is offering travel insurence for the whole family from MetLife Amslico with its roaming packages for free. The promotion applies until 30 September for the roaming offers My Europe/My Europe+, My World/My World+ or Roaming+. The insurance coverage is up to EUR 40,000 in the EU and EUR 100,000 elsewhere. Moreover, the package My Europe, with which customers can call, send SMS and use data anywhere in the EU for domestic prices, that is, EUR 0.12, is free for two months.
1 July 2014
