GWP by the Slovak insurers amounted, according to the official statistics of the Slovak National Bank, to EUR 576.35 million in Q1 2025, which is by 7.28% less y-o-y.

Reducing the scope of the statistics to the insurance companies, members of the Slovak Insurers Association (SLASPO), one should note a solid discrepancy between the two sources. According to SLASPO, the market totaled EUR 819.69 million in 1Q2025, 6.16% up y-o-y. Life insurance accounts for 33.95% of this amount. The reason of the significant difference is the composition of the target group, the NBS statistics reflecting only the business results reported by the insurance companies licensed in Slovakia, disregarding the foreign branches operating on FOD/FOE.

According to NBS statistics, claims paid by Slovak insurers amounted to EUR 295.53 million, 5.4% more y-o-y. The most spectacular y-o-y change, although the absolute values are modest, is the one regarding paid claims for property and motor insurance. Claims for property insurance increased by almost 11%, while for the motor insurance segment, by 11.96%, driven by the MTPL line.

Access xprimm.com and download the Slovak insurance market statistics released by SLASPO and NBS.