During Q1-Q3 2024, the Slovak insurance market totaled EUR 1.56 billion, 6.96% more y-o-y, according to the 9 months statistics published by the National Bank of Slovakia (NBS).

The life insurance segment was up by 3.5% y-o-y to EUR 578.7 million, while the non-life classes accounted for EUR 982.85 million (or 62.94% of total GWP), or 9% more y-o-y.

The value of paid claims by local insurers decreased by 23.66% y-o-y to EUR 877.5 million, of which EUR 391.8 million related to life indemnities, the remaining EUR 485.7 million being accounted by the other non-life subclasses.

GWP by the Slovak insurers amounted, according to data provided by the SLASPO - Slovak Insurance Association, to EUR 2.23 billion in the first three quarters of 2024, which is by 9.57% more y-o-y.

The Insurance Forum 2024 conference will take place on November 13, 2024 at the AC hotel by Marriott in Bratislava, and the registration is open, the SLASPO (Slovak Insurance Association) announced.

For over a month, member insurance companies of the SLASPO (Slovak Insurance Association) have been registering claims caused by September's extreme rainfall and subsequent floods in Slovakia, SLASPO said.

GWP by the Slovak insurers amounted, according to the official statistics of the Slovak National Bank, to EUR 1.05 billion in H1 2024, which is by 7.25% more y-o-y.

GWP by the Slovak insurers amounted, according to the official statistics of the Slovak National Bank, to EUR 537.22 million in Q1 2024, which is by 7.25% less y-o-y.

At the end of 2023, the Slovak insurance market totaled EUR 1.95 billion, 1% more y-o-y, according to the Q4 2023 Data of the Financial Sector published by the National Bank of Slovakia (NBS).

The largest insurance company in Slovakia - Pojistovna Kooperativa, part of Austrian Vienna Insurance Group acquired 35% stake in insurance broker Universal Maklersky Dom from the Dutch UMD Group B.V., informed FinReport.sk here.

According to the year-end market data published by SLASPO (Slovak Insurance Association), at the end of 2023, total GWP from the members of the association (domestic insurers and EU branches) totaled EUR 2.72 billion, up by 4.73% y-o-y.

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).

According to the January-September 2023 statistics published by SLASPO (Slovak Insurance Association), at the end of Q3, total GWP from the members of the association totaled EUR 2.04 billion, up by 4.78% y-o-y.

According to the 1H2023 figures published by the National Bank of Slovakia, the insurance market totaled at the end of June EUR 983.5 million (up by 0.9% y-o-y), while gross claims paid by insurers were about ~EUR 459 million (down by 19% y-o-y).

According to the 2023 Q1 figures published by the National Bank of Slovakia, insurance market totaled at the end of March EUR 579.23 million (up by 14% y-o-y), while gross claims paid by insurers were about ~EUR 220.62 million (down by 13.6% y-o-y).

According to the quarterly market data published by SLASPO (Slovak Insurance Association), the January-March 2023 business from the members of the association totaled EUR 710.43 million, up by 4.54% y-o-y.

At the end of 2022, the Slovak insurance market totaled EUR 1.92 billion, 4.7% more y-o-y, according to the Q4 2022 Analytical Data of the Financial Sector published by the National Bank of Slovakia (NBS). The value of paid claims by local insurers increased by 15.5% y-o-y to EUR 1.18 billion, of which EUR 583.9 million related to life indemnities, EUR 176.9 million - Motor TPL, EUR 183.4 million- MoD and EUR 159.7 million - payments related to property claim files.

According to the quarterly market data published by SLASPO (Slovak Insurance Association), at the end of 2022, total GWP from the members of the association totaled EUR 2.60 billion, up by 4.50% y-o-y.

During Q1-Q3 2022, the Slovak insurance market totaled EUR 1.43 billion, 10.55% less y-o-y, according to the 9 months statistics published by the National Bank of Slovakia (NBS).

Austrian financial group Vienna Insurance (VIG) informed that its Slovak subsidiary Kooperativa poistovna has purchased 100% of the shares in 365.life d. s. s. operated by 365.bank in Slovakia.

According to the January-September 2022 aggregate figures published by SLASPO (Slovak Insurance Association), at the end of Q3, total GWP from the members of the association totaled EUR 1.95 billion, up by 4.42% y-o-y. Premiums written in life insurance decreased by 0.5% y-o-y to EUR 772 million, while non-life segment was up by 7.9% y-o-y to EUR 1.18 billion.

According to the 2022 H1 figures published by the National Bank of Slovakia, the net profits of local insurers amounted to EUR 89.92 million, which was a 21% decrease as compared to 30 June 2021 (EUR 114.74 million).