GENERALI Slovensko recorded more than 100,000 insurance claims for 2011, of which almost 40 % comprised damage in motor insurance. The total paid indemnity accounted for almost EUR 102 million, announced GENERALI PPF Holding.

Slovak insurance market grew by 2.8% y-o-y in 3Q2011 in terms of gross written premiums, the Slovak Insurance Association (SLASPO) reported. During the analyzed period, 24 SLASPO members operated in the profile market. These companies showed a total insurance premium of EUR 1.6 billion.

Slovak Association of Insurance brokers declared ALLIANZ - Slovenska the best motor insurer at the 2011 edition of SIBAF Awards. Mitsui Sumitomo Insurance Europe was declared best insurer for industrial risks insurance.

By the end of September 2011, amid fears of a deceleration in global economic growth, the National Bank of Slovakia lowered its GDP growth estimate for 2011 and 2012 by 0.2 and 0.9 percentage points respectivelly. According NBS, Slovakia's economy is now expected to grow by only 3.4 percent in 2011 and by 3.8 percent in 2012. The main reasons for the less optimistic forecast are the lower expected growth in foreign demand and the below the line household consumption. The new prognosis was also affected by measures associated with the consolidation of public finances. Still, even less optimistic than in the beginning of 2011, the Slovak economy perspectives are good, maintaining the upward trend installed in 2010.

THE SLOVAK subsidiary of AXA Bank Europe launched commercial operations in early April when it began offering savings accounts to Slovak customers as it has been doing in the Czech Republic since early 2010.

Together with the two other group members, KOMUNALNA Poistovna and Poistovna SLOVENSKEJ, the VIENNA Insurance Group (VIG) holds a position of market leader of its core market in Slovakia, according to company's press release.

25.10.2010 (The Slovak Spectator)
In late October insurance company Genertel, part of the Generali group, will enter the Slovak market. Genertel will be the only insurer selling its products via direct channels, specifically the internet and a call centre.

With a premium growth of 17% to roughly EUR 97.1 million, the Slovakian subsidiary UNIQA Pojistovna grew in 2008 at a rate significantly above the Slovakian insurance market (+11%) and much higher than the other top 10 insurance companies in Slovakia, according to preliminary data. With a market share of 4.6%, UNIQA further strenghtened its position on the sixth place among the 22 insurance companies active in Slovakia.

French-based GROUPAMA announced launch of GROUPAMA Poistovna on the Slovak market, which is a result of acquisition of OTP Garancia and its integration into the structure of the Group.