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.

The decrease was caused by the life insurance segment, which was down by 8.95%, compared to FY2015, to EUR 960 million (vs. EUR 1.05 billion at the end of December, 2015).

Premiums revenue from non-life insurance segment grew by 6.04% to EUR 1.02 billion (vs. EUR 965 million), equivalent to 51.6% of total market.

Access www.xprimm.com and download the FY2016 Slovak insurance market statistics.