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.

Reducing the scope of the statistics to the insurance companies, members of the Slovak Insurers Association (SLASPO), one should note a solid discrepancy between the two sources. According to SLASPO, the market totaled EUR 1.5 billion in 1H2024, almost 10% up y-o-y. Life insurance accounts for close to 37%% of this amount. The reason of the significant difference is the composition of the target group, the NBS statistics reflecting only the business results reported by the insurance companies licensed in Slovakia, disregarding the foreign branches operating on FOD/FOE.

According to NBS statistics, claims paid by Slovak insurers amounted to EUR 567 million, 24% more y-o-y. The most spectacular claims increase, in absolute values, was seen on some of the life insurance classes, as well as for property insurance and the overall segment of motor insurance.

Access xprimm.com and download the1H2024 Slovak insurance market statistics released by SLASPO and SNB.