Slovakia
STATISTICS: SLOVAK insurers' GWP rises 3.62% in January-March 2015
The value of aggregate gross written premiums of insurer members of Slovak Insurance Association - SLASPO has risen by an annual of 3.62% to EUR 632.29 million in the first three months of 2015, as the preliminary SLASPO statistics indicated.
3 July 2015SLOVAKIA: Insurance sector profits rise
The Slovak insurance sector had a profit of EUR 179 million last year, according to the National Bank of Slovakia (NBS). This represented year-on-year growth of 13.3 percent.
9 June 2015SLOVAK insurance market is stable
The outlook for the insurance market in Slovakia remains stable and
while car insurance is seeing heightened competition, the launch of
payments from the second pension pillar has the potential to alter the
market.
8 June 2015STATISTICS: SLOVAKIA FY2014: EUR 181 million, the second highest consolidated net profit in history
The consolidated net profit of the Slovak insurance market amounted, in 2014, to EUR 181.09 million, 13.4% up y-o-y, according to data provided by the National Bank of Slovakia (NBS). "The amount is the second highest in history, while the maximum, EUR 188 million, was reached in 2011," Julia CILLIKOVA, Director of the NBS Regulation and Financial Analysis Department, told XPRIMM.
30 April 2015Slovak Telekom offers insolvency insurance
Slovak Telekom, in cooperation with the insurance company Allianz, introduced Invoice Insurance, which provides coverage in the event a person is unable to pay his monthly invoices, not only to Slovak Telekom, but also to other companies including housing fees. The service is offered in four levels, depending on coverage: 25, 25+, 50 and 50+.
5 February 2015SLOVAKIA: Insurers keeping up with fraudsters
Fraud has always been a concern for insurance companies, but fraudsters
are developing ever more sophisticated schemes; insurance companies,
meanwhile, are responding with more effective countermeasures.
17 December 2014SLOVAKIA: More floods mean more insurance
The impact of torrential rain, thunderstorms, lightning, hail,
landslides and floods caused millions of euros in damage in Slovakia
this year, and with signs that climate change is creating less
predictable global weather patterns, flood insurance is an increasingly
necessary investment for many homeowners and businesses.
17 December 2014SLOVAKIA wins another dispute with Dovera health insurer
Slovakia has won a lawsuit with commercial health insurance company Dovera, according to a recent ruling of the European Commission, the Trend weekly website reported on December 8.
11 December 2014STATISTICS: SLOVAKIA, 3Q2014: divergent trend on the life and non-life insurance lines
Gross written premium in 3Q2014 by the Slovak insurers went up y-o-y by 2%, to EUR 1.6 billion, at a fairly equal growth pace for life and non-life insurance segments. According to the National Slovak Bank, the market supervisor, overall the number of insurance policies grew by 4.13%, which compared with the GWP increase indicates a still highly competitive market.
11 December 2014STATISTICS: SLOVAKIA: No substantial discontinuities during the first six months of 2014
The Slovak market recorded once again a growth rate of about 2% in GWP, to EUR 1.13 billion. The positive trend was visible both on the life and non-life segments.
16 October 2014SLOVAK charged with insurance fraud detained in Cuba
A Slovak man who was being sought by police over alleged insurance fraud
has been apprehended in Cuba, the TASR newswire learned from Martin
Waldl of the Police Corps Presidium's communications and crime
prevention department on October 9. "Following close cooperation
with the Cuban Embassy in Slovakia and the Slovak Embassy in Cuba, the
first extradition of a person from Cuba to Slovakia took place today,"
said Waldl, as quoted by TASR.
13 October 2014SLOVAKIA 1Q2014: ALLIANZ Slovenska climbed faster than the market and became the uncontested leader
The Slovak market continued in 1Q2014 its slow paced but stable growth, recording once again a growth of about 2.7% in GWP, to EUR 588 million. The positive trend was visible both on the life and non-life segments
7 August 2014SLOVAKIA: Insurance claims start rolling in after thunderstorm
The severe thunderstorm that swept across Bratislava on August 3 caused
damage to property worth hundreds of thousands of euros, insurance
companies active in Slovakia informed.
5 August 2014SLOVAKIA: ORANGE offers free travel insurance with roaming
Orange Slovakia is offering travel insurence for the whole family from MetLife Amslico with its roaming packages for free. The promotion applies until 30 September for the roaming offers My Europe/My Europe+, My World/My World+ or Roaming+. The insurance coverage is up to EUR 40,000 in the EU and EUR 100,000 elsewhere. Moreover, the package My Europe, with which customers can call, send SMS and use data anywhere in the EU for domestic prices, that is, EUR 0.12, is free for two months.
1 July 2014SLOVAKIA sees off health insurance claim
An Austrian investor in Slovakia's health insurance market has seen the remainder of its treaty claim against the state thrown out at the jurisdictional stage.
17 June 2014SLOVAKIA: Car insurance scam revealed
THE NATIONAL criminal agency has uncovered a group of seven people who filed fraudulent claims worth EUR 775,000 with an insurance company over fictitious car accidents.
3 June 2014SLOVAK insurance sector stays the course
THE SLOVAK insurance sector saw no dramatic changes last year, while stabilisation in the eurozone was reflected in developments in Slovakia, too, which mirrored those in other countries in the region. Expectations with respect to positive developments in macro-economic indicators are optimistic. In addition, the insurance sector is preparing for Solvency II and the payment of the first pensions from the so-called second, private, old-age insurance pillar.
3 June 2014SLOVAKIA: More people buying insurance online
NEW technologies are impacting the insurance industry and several
companies in Slovakia now sell insurance policies via the internet or
mobiles - along with reporting an increased interest from clients in
these channels.
3 June 2014Dutch firm Achmea loses arbitration against SLOVAK state
THE ARBITRATION proceedings initiated by Dutch company Achmea, the owner
of the health insurer Union, against the Slovak government, which plans
to merge the three existing health insurers and introduce a unitary
state system of health insurance, ended with a victory for Slovakia.
30 May 2014SLOVAKIA FY2013: Moderate growth in GWP, with no significant changes
2013 was year stability for the Slovak insurance market, with no major changes. The market continued to increase its business volume at a slow pace, recording a 2.7% growth in GWP, to EUR 2.17 billion. However, looking at its two main segments, it is obvious that life insurance performed better, ending the year with a 5.9% growth in premiums, while on the non-life sector almost all the main business lines recorded a slightly negative trend.
8 May 2014
