The Slovak insurance market grew by 0.9% in the first six months of 2012, according to industries figures published by SLASPO (Slovak Insurance Association). The value of premiums amounted to EUR 1.09 billion in 1H2012, up EUR 9.5 million in absolute value, compared with January-June 2011. Life insurance premiums increased by 2.6% to EUR 573.09 million, representing 47.4% of the total market, while premiums for the non-life sector decreased by 0.95% to EUR 516.34 million.
In the case of life insurance, unit-linked increased by 10.22%, to EUR 199.88 million, this being one of the classes which have "pulled up" the whole market.
At the same time, the negative trend of non-life insurances is shown by motor lines: the motor hull insurance segment experienced a downturn of 5.26%, while MTPL premiums recorded an annual decrease of 1.96%. Overall, premiums collected for both classes of motor insurance totaled EUR 292.71 million, representing 26.87% of the total, or 56.69% of the non-life insurance segment.
As in 1H2011, ALLIANZ - Slovenska is still the leader of the local market. In the period analyzed, the company underwrote gross premiums of over EUR 309 million (the market share was 28.42%). As of the end of June, top 3 included KOOPERATIVA VIG (EUR 256.23 million) and GENERALI Slovensko (EUR 95.03 million).
Access www.xprimm.com and download the 1H2012 Slovak insurance market statistics.
Market portfolio:
- Gross written premiums
- Growth rates
- Total market ranking
- Life insurance ranking
- Unit-linked insurance ranking
- Non-life insurance ranking
- Motor hull insurance ranking
- MTPL insurance ranking
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