According to the year-end market data published by SLASPO (Slovak Insurance Association), at the end of 2023, total GWP from the members of the association (domestic insurers and EU branches) totaled EUR 2.72 billion, up by 4.73% y-o-y.

During Q1-Q3 2023, the Slovak insurance market totaled EUR 1.46 billion, 1.46% more y-o-y, according to the 9 months statistics published by the National Bank of Slovakia (NBS).

According to the January-September 2023 statistics published by SLASPO (Slovak Insurance Association), at the end of Q3, total GWP from the members of the association totaled EUR 2.04 billion, up by 4.78% y-o-y.

According to the 1H2023 figures published by the National Bank of Slovakia, the insurance market totaled at the end of June EUR 983.5 million (up by 0.9% y-o-y), while gross claims paid by insurers were about ~EUR 459 million (down by 19% y-o-y).

According to the 2023 Q1 figures published by the National Bank of Slovakia, insurance market totaled at the end of March EUR 579.23 million (up by 14% y-o-y), while gross claims paid by insurers were about ~EUR 220.62 million (down by 13.6% y-o-y).

According to the quarterly market data published by SLASPO (Slovak Insurance Association), the January-March 2023 business from the members of the association totaled EUR 710.43 million, up by 4.54% y-o-y.

At the end of 2022, the Slovak insurance market totaled EUR 1.92 billion, 4.7% more y-o-y, according to the Q4 2022 Analytical Data of the Financial Sector published by the National Bank of Slovakia (NBS). The value of paid claims by local insurers increased by 15.5% y-o-y to EUR 1.18 billion, of which EUR 583.9 million related to life indemnities, EUR 176.9 million - Motor TPL, EUR 183.4 million- MoD and EUR 159.7 million - payments related to property claim files.

According to the quarterly market data published by SLASPO (Slovak Insurance Association), at the end of 2022, total GWP from the members of the association totaled EUR 2.60 billion, up by 4.50% y-o-y.

During Q1-Q3 2022, the Slovak insurance market totaled EUR 1.43 billion, 10.55% less y-o-y, according to the 9 months statistics published by the National Bank of Slovakia (NBS).

Austrian financial group Vienna Insurance (VIG) informed that its Slovak subsidiary Kooperativa poistovna has purchased 100% of the shares in 365.life d. s. s. operated by 365.bank in Slovakia.

According to the January-September 2022 aggregate figures published by SLASPO (Slovak Insurance Association), at the end of Q3, total GWP from the members of the association totaled EUR 1.95 billion, up by 4.42% y-o-y. Premiums written in life insurance decreased by 0.5% y-o-y to EUR 772 million, while non-life segment was up by 7.9% y-o-y to EUR 1.18 billion.

According to the 2022 H1 figures published by the National Bank of Slovakia, the net profits of local insurers amounted to EUR 89.92 million, which was a 21% decrease as compared to 30 June 2021 (EUR 114.74 million).

According to the half-year figures published by SLASPO (Slovak Insurance Association), at the end of June 2022, total GWP from the members of the association totaled EUR 1.31 billion, up by 4.39% y-o-y.

At the end of March 2022, the Slovak insurance market totaled EUR 508 million, 15.5% less y-o-y, according to the Q1 2022 figures published by the National Bank of Slovakia (NBS).

According to the quarterly market data published by SLASPO (Slovak Insurance Association), at the end of March 2022, total GWP from the members of the association totaled EUR 679.52 million, up by 4.18% y-o-y. Premiums written in life insurance increased by 3.46% y-o-y to EUR 259.81 million, while non-life segment was up by 4.63% y-o-y to EUR 419.71 million.

The Supreme Court of Slovakia sentenced Ivan BARRI, a former Director of the Securities Market, Insurance and Pension Savings Department of the National Bank of Slovakia, to five years in prison in case of the bankruptcy of former life insurer Rapid Life, local media announced.

At the end of the year 2021, the Slovak insurance market totaled EUR 1.84 billion, 16.9% less y-o-y, according to the Q4 2022 Analytical Data of the Financial Sector published by the National Bank of Slovakia (NBS). As compared with previous YE2021 published statistics (GWP worth EUR 2.15 billion), the updated data are EUR 301.5 million less.

At the end of December 2021, the Slovak insurance market totaled EUR 2.15 billion, 3.34% less y-o-y, according to the FY2021 statistics published by the National Bank of Slovakia (NBS).

In GWP terms, the life insurance segment was down by 2.56% y-o-y to EUR 911.73 million, these types of policies generating 42.42% of the total insurance market, while the non-life classes accounted for EUR 1.23 billion (or 57.58% of total GWP), down by 3.92% y-o-y.

Overall, the value of paid claims by local insurers decreased by 7.80% y-o-y to EUR 1.16 billion, of which EUR 627.48 million related to life indemnities, EUR 214.57 million - Motor TPL claims, EUR 188.89 million- MoD payments, EUR 84.21 million - payments on Fire and other damages to property policies.

NN Slovensko, the Slovak business unit of Dutch insurance group NN, informed it has agreed to invest and to become the main shareholder of Finportal - "which is the number three in the financial intermediation market in terms of turnover" and "one of the fastest growing distribution companies in local financial market".

Several Polish insurers have joined an initiative to help Ukrainian refugees travelling by car in Poland: free 30-day insurance coverage for vehicle owners who enter Poland with cars with Ukrainian registration numbers is available free from Allianz, ERGO Hestia, PZU and Warta.