The Slovak insurance market continued to slow down in January-September 2012, the total GWP realized by the local insurance companies totaling EUR 1.58 billion, down by 0.67% y-o-y, according to the financial figures published by the Slovak Insurers Association - SLASPO.In the analyzed period, life insurance decreased by 0.4%, to EUR 846 million, while the non-life insurance segment dropped by 1%, to EUR 738 million. Despite the decrease in life insurance, the unit-linked products have grown by almost 1%, which represents 35% of the life segment. In non-life insurance, the falling trend continued in motor insurances segments. For Motor Hull policies, the decrease in GWP slowed down to -4.6% (-5.55% in 1H2012), while MTPL dropped by 1.3%.
The biggest insurers were the financial groups VIENNA Insurance (comprising KOOPERATIVA Poistovna, KOMUNALNA Poistovna and Poistovna Slovenskej Sporitelne), with a share of 32.8%, and ALLIANZ (ALLIANZ Slovenska Poistovna), with 28.5%.
In absolute value, the biggest growth was recorded by KOOPERATIVA (of EUR 7.2 million), KOMUNALNA (EUR 5.2 million) and AEGON (EUR 2.8 million).
Access www.xprimm.com and download the 3Q2012 Slovak insurance market statistics.
Market portfolio (according to SLASPO):
- 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
- Gross written premiums
- Paid claims
- Growth rates
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