According to data from the National Bank of Slovakia (NBS), local insurers wrote GWP worth EUR 2.24 billion in 2025, 7.8% more y-o-y. Claims paid reached EUR 1.7 billion, about 41% up y-o-y.

Most of the strong increase in the paid claims volume came from the “Fire and other damages to property” class, as the claims expenses for this insurance category almost quadrupled y-o-y as a result of the extreme storms that shook Slovakia in the second half of the year, as well as the September floods caused by storm Boris.

The NBS result is much different from the data provided earlier by SLASPO - Slovak Insurance Association because of the different group of companies considered (among SLASPO members there are also companies not supervised by the NBS as they are operating in Slovakia based on FOS/FOE).

Despite the difference in figures, both NBS and SLASPO data reflect the same portfolio structure, with life insurance accounting for about 36% of the market GWP and motor insurance for slightly more than 37%.

For once, paid claims for motor insurance accounted didn’t made the largest part of the market claims expenses but still accounted for about 43% of the non-life paid claims. Motor insurance claims expanded by 7% in average, driven by the MTPL class, which saw a 13.55% increase in the paid claims.

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