STATISTICS: Slovak Rep., 2020 Insurers' business decreased almost 5% y-o-y

22 April 2021 — Andrei Victor
Last year, the Slovak insurance market totaled EUR 2.17 billion, 4.75% less y-o-y, according to the end-year statistics published by the National Bank of Slovakia (NBS).

In GWP terms, the life insurance segment was down by 12.37% y-o-y to EUR 889 million, these types of policies generating 40.87% of the total insurance market, while the non-life classes accounted for EUR 1.28 billion (or 59.13% of total GWP), or 1.36 % more y-o-y.

Overall, the value of paid claims by local insurers decreased by more than EUR 160 million to EUR 1.25 billion, of which EUR 629 million related to life indemnities.

Access and download the latest Slovak insurance market statistics.

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