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.

Premiums written in life insurance decreased by 0.54% y-o-y to EUR 258.40 million - due to the 19.29% y-o-y decrease in Index-linked and unit-linked insurance, while non-life segment was up by 7.68% y-o-y to EUR 451.95 million.

In terms of GWP, the largest life insurers in the country were KOOPERATIVA VIG (29.57% market share), Allianz-Slovenska (18.10%), Generali Poistovna (11.93%).

In non-life, the Top 3 companies in terms of premiums were the same three market players: Allianz-Slovenska (EUR 133.41 million), KOOPERATIVA VIG (EUR 102.92 million) and Generali Poistovna (EUR 59.72 million).

Access xprimm.com and download the Q1 2023 Slovak insurance market statistics released by SLASPO.