Slovakia
New appointments made inside AXA CZ & SK
Starting with March 2019, AXA Group will have a new Chief Risk Officer and a new Chief Technical Insurance Officer operating inside Czech Republic and Slovakia. The changes are waiting for regulator's approvals.
7 March 2019SLOVAKIA: Up to 241,000 vehicles on the roads without MTPL coverage in 2018
According to the Slovak Insurers Bureau (SKP) and Statistical Office of the Slovak Republic, there were around 241,000 motor vehicles without a valid MTPL policy on road in 2018. Through the Guarantee Fund, SKP paid for 2,706 claims as a result of accidents caused by uninsured vehicles.
7 March 2019SLOVAKIA: The newly announced IPT, in force since 1 January 2019
The new 8% Insurance Premium Tax (IPT) has come into force since January 1st, 2019 in Slovakia, thus putting an end to amore than one year long debate.
5 February 2019STATISTICS: SLOVAKIA, 3Q2018: insurers' profits decreased to EUR 120 million
In the first three quarters of 2018, the Slovak insurance market totaled EUR 1.67 billion, thus increasing by 3.82% y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).
25 January 2019NN Group completes acquisition of AEGON units in Czech Rep. and Slovakia
NN Group announced that it has completed the acquisition of AEGON's Life Insurance business in the Czech Republic and AEGON's Life Insurance and Pension businesses in Slovakia.
10 January 2019STATISTICS: Slovak Rep., 1H2018: consolidated net profit EUR 86 million, down 4% y-o-y
Slovak insurers have reported GWP worth EUR 1.13 billion in 1H2018, 4.46% up y-o-y. At the same time, claims paid have increased by almost 13% y-o-y, to EUR 649.2 million.
27 September 2018Slovakia's new IPT Act comes into force at start of 2019
4 September 2018SLOVAKIA: Insurance Company NOVIS selects IBM Cloud to expand its business globally
18 August 2018STATISTICS: SLOVAKIA, 1Q2018: non-life insurance has set the market trend, both in GWP and claims terms
Slovak insurance market saw a slightly positive trend in Q1, with GWP increasing overall by 1.42%, to EUR 577.6 million, an increase fully driven by the non-life insurance segment. The total volume of paid claims didn't change much y-o-y, increasing by less than 1%.
11 July 2018Slovakia: the new 8% insurance tax will be operational starting January 2019
The Slovak Parliament adopted on 20 June the new legislation replacing the current 8% insurance levy with a new tax of the same amount applied to non-life insurance premiums, except for MTPL for which the current levy will be maintained.
28 June 2018Slovakia's parliament passes insurance tax law
26 June 2018SLOVAKIA: Fiscal changes in the insurance industry postponed for January 2019
The introduction of the new 8% tax on non-life insurance premiums in Slovakia was postponed from October 2018, to January 2019, to allow insurance companies prepare for the change, the country's parliament decided on 7 June.
13 June 2018SLOVAKIA's parliament passes new insurance tax
The parliament has passed a bill on the introduction of a new 8% insurance tax in first reading. The new tax will be applied to all products of non-life insurance, with the exception of mandatory contractual insurance.
23 May 2018SLOVAKIA: A new insurance tax increases the burden on business owners, the club claims 500
Club 500 does not agree with another increase in tax deduction in Slovakia. The introduction of a new insurance tax, approved on Wednesday at the first reading of the Slovak National Council, punishes contractors, but also individuals who act responsibly and assure their property.
23 May 2018STATISTICS: Slovakia, FY2017: insurance market has grown two times faster than the economy
Last year, the growth rate of the local insurance market (+8.56%) was almost double that of the advance of the economy (+4.69%), thus the calculated indicators as the insurance penetration degree (2.51%) and the insurance density (EUR 393 per capita) significantly evolved as compared to FY2016.
26 April 2018SLOVAKIA: extended taxation of the insurance premiums in preparation
A new indirect taxation system for the insurance premium is in preparation in Slovakia, replacing the current special insurance 8% levy with a rate which will vary from 2 to 18% depending on the type of the policy, local press reads.
6 March 2018STATISTICS: Slovakia, 3Q2017: Insurance market net profit down by 12.38% to EUR 135.69 million
In the first three quarters of 2017, the Slovak insurance market totaled EUR 1.61 billion, representing an increase of 7.62% y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).
18 January 2018STATISTICS: SLOVAK Rep., 1H2017: motor insurance line account for 57% of non-life insurers' GWP and 80% of claims
In 1H2017, the Slovak insurance market totaled EUR 1.06 billion (11.8% more y-o-y), while the value of paid claims was of EUR 575 million, according to the preliminary financial figures provided by the National Bank of Slovakia.
5 October 2017STATISTICS: SLOVAK Rep, 1Q2017: GWP went up by 4.6% y-o-y while paid claims increased by 6.7%
In 1Q2017 the Slovak insurance market totaled EUR 569.5 million, 4.6% up y-o-y, the statistics published by the National Bank of Slovakia (NBS) indicated.
17 August 2017STATISTICS: UPDATE : SLOVAK insurance market totaled EUR 1.9 billion at the end of 2016
The Slovak insurance market was down by 1.78% y-o-y in 2016 in terms of GWP - to EUR 1.98 billion, according to data published by the Central Bank.
15 June 2017
