STATISTICS: Slovakia, NBS: Local insurers’ business increased to almost EUR 1.5 billion during Q1-Q3 2023

23 January 2024 — Andrei VICTOR
STATISTICS: Slovakia, NBS: Local insurers’ business increased to almost EUR 1.5 billion during Q1-Q3 2023

During Q1-Q3 2023, the Slovak insurance market totaled EUR 1.46 billion, 1.46% more y-o-y, according to the 9 months statistics published by the National Bank of Slovakia (NBS).

The life insurance segment was down by 4.63% y-o-y to EUR 559.06 million, while the non-life classes accounted for EUR 900.92 million (or 61.71% of total GWP), or 5.64% more y-o-y.

The value of paid claims by local insurers decreased by 16.26% y-o-y to EUR 709.62 million, of which EUR 309.28 million related to life indemnities, the remaining EUR 400.34 million being accounted by the other non-life subclasses.

Access xprimm.com and download the Q3 2022 Slovak insurance market statistics.
 

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