Slovakia
GENERALI announced changes in the managements in the Czech Republic, Slovakia and Croatia
GENERALI CEE Holding announces some changes in the managements of its subsidiaries CESKA pojistovna (Czech Republic), Generali Poistovna (Slovakia), and Generali osiguranje (Croatia), to become effective in the upcoming weeks and months once the necessary approvals have been received.
18 June 2019STATISTICS: Slovakias' FY2018 aggregate figures see slight increase despite the "red rates" reported on life LoB
At the end of 2018 the Slovak insurance market totaled EUR 2.20 billion vs. EUR 2.16 billion a year before, according to the preliminary figures provided by the National Bank of Slovakia (NBS).
25 April 2019Transaction with Dutch flavor in Slovakia: ACHMEA to acquire AEGON's P&C portfolio
Dutch insurance group ACHMEA announced is expanding its presence in Slovak insurance market by acquiring AEGON's property & casualty portfolio in the country. The portfolio consists of more than 18,000 home insurance policies. The acquisition is being made by ACHMEA's subsidiary, UNION.
11 April 2019GENERALI to take over ERGO units in Hungary and Slovakia
Italian insurer GENERALI announced signing an agreement to take over the entire life, non-life and composite insurance portfolios of three entities of ERGO International AG in Hungary and Slovakia. The sale is subject to certain regulatory and anti-trust approvals, as is customary for transactions of this kind. The parties have agreed not to provide details of the purchase price and other terms.
4 April 2019A new life insurance company will launch in CZ & SK markets
Youplus, a new life insurance company, will launch in the Czech and Slovak insurance markets in May 2019. Youplus will begin operation in the Czech Republic the first half of 2019 and enter the Slovak market in the second half.
27 March 2019STATISTICS: SLOVAKIA, 2008-2017: Insurance market shaped by Life business line
Between 2008-2017, the Slovak insurance market maintained a stable evolution, reflected in an almost horizontal graphical trendline, with no major spikes or drops in GWP. Overall market GWP fluctuated between EUR 1,967-2,135 million, almost equally divided between Life and Non-Life premiums.
21 March 2019New 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 2018
