Slovakia
STATISTICS: 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 2017STATISTICS: SLOVAK Rep., FY2016: apparently stagnating business
According to the Slovak Insurance Association data, the Slovak insurers ended 2016 with GWP of EUR 1,987 million, a result which is more or less in line with the previous year's premium production.
11 May 2017SLOVAKIA: New levy to raise insurance premiums
Rates may rise only marginally for some types of insurance, but others could increase by 15 percent or more, experts say. As
of the beginning of 2017, prices of some non-life insurance products,
mainly vehicle and travel insurance, have started to increase in
Slovakia. Insurance companies are responding in this way to a new
8-percent levy that the state now applies to every new premium.
3 April 2017Insurance prices start increasing in Slovakia, following the new 8% levy on the non-life insurance premiums
The 8% levy on insurance premiums extension from the MTPL class to a;; the facultative non-life insurance lines in Slovakia started to produce effects on the insurance premiums, reports The Slovak Spectator, mentioning especially the vehicle and travel insurance premiums.
9 March 2017Slovak Rep.: Insurers will pay the special levy on business at a double rate, but lower corporate taxes
The Slovak Government and Parliament made several changes to the tax system with effect from 1 January 2017, some of them affecting also the local insurance companies, as well as their foreign shareholders. The recently adopted amendments concern - among others - corporate and personal income tax, value added tax, special levy in regulated industries, as well as social security and health insurance contributions, reads a Kinstellar report published by the Lexology portal.
12 January 2017SLOVAKIA: KBC interested in banking opportunities
Belgian banking and insurance group KBC is interested in looking for acquisition opportunities in Slovakia, in line with its plan to expand in its core markets in central Europe, KBC Group Chief Executive Johan Thijs said on Wednesday.
9 January 2017SLOVAK Rep.: Increasing insurance taxation is raising hauliers' discontent
The Slovak government's decision to extend the 8% tax, previously applied only to the MTPL insurance premiums, to all the facultative non-life insurance lines has raised not only insurers' discontent, but also a negative reaction of CESMAD - the Association of Road Transport Operators of the Slovak Republic. In short, Slovak hauliers blame the recent change in taxation for the sharp increase in the mandatory motor insurance prices.
24 November 2016STATISTICS: SLOVAKIA, 1H2016: Possible extension of the current 8% tax on MTPL premiums to all facultative non-life insurance lines
Slovak insurers have ended 1H2016 with an overall GWP volume inferior to the previous year's results for the same period. According to the market representatives, given the Slovak market's stability during the recent years, the end year market results should be more or less in line with the 2015 results.
20 October 2016STATISTICS: SLOVAK Rep., NBS: The insurance market went down by 4% in 2015
Last year, the Slovak insurance market totaled EUR 2 billion, down by 4.1% y-o-y, as the preliminary statistics published by the National Bank of Slovakia (NBS) indicated. The life insurance field decreased by 9.6% y-o-y due to the 18% depreciation of unit-linked subsegment, while the non-life GWP was up by 2.8% to EUR 965 million.
3 March 2016SLOVAKIA: ALLIANZ acquires "Central Shopping Center" in Bratislava
ALLIANZ Real Estate (ARE) has acquired 100% of the shares of Central Shopping Center in Bratislava from IMMOCAP Group, a Slovakian real estate development company, for around EUR 175 million. It is the first real estate investment of ALLIANZ in Slovakia.
21 January 2016STATISTICS: SLOVAK Rep.: Life segment down by 8.4% y-o-y in 3Q influencing the aggregate values
The Slovak insurance decreased 3.6% y-o-y during January-September 2015 to EUR 1.53 billion, according to the financial figures published by the National Bank (NBS). In the analyzed period, life insurance decreased by 8.4%, to EUR 798 million, while the non-life insurance segment was up by 2.3%, to EUR 740 million.
17 December 2015STATISTICS: SLOVAK Rep., 1H2015: 16% increase of the market aggregate profit
In 1H2015, the Slovak insurance market totaled EUR 1.06 billion, while the value of paid claims by local insurer was EUR 586.4 million, according to the financial figures published on the NBS's web-site (National Bank of Slovakia). More in detail, the life insurance field generated more than half of total GWP (51.3%), while the non-life classes accounted for 48.7% of the market (EUR 516 million).
8 October 2015STATISTICS: SLOVAK insurance market up by 4.4% in 1Q2015, NBS
In 1Q2015 the Slovak insurance market totaled EUR 614.20 million, 4.43% up y-o-y, the statistics published by the National Bank of Slovakia (NBS) indicated. The value of paid claims increased by 4.67% y-o-y to EUR 313.88 million.
26 August 2015SLOVAKIA: KBC acquires Volksbank Leasing
Yesterday, CSOB Leasing and Volksbank Leasing International reached
agreement for CSOB Leasing to acquire all the shares of Volksbank
Leasing Slovakia and its insurance brokerage subsidiary, Volksbank
Sprostredkovatel'ska.
6 July 2015STATISTICS: SLOVAK insurers' GWP rises 3.62% in January-March 2015
The value of aggregate gross written premiums of insurer members of Slovak Insurance Association - SLASPO has risen by an annual of 3.62% to EUR 632.29 million in the first three months of 2015, as the preliminary SLASPO statistics indicated.
3 July 2015
