Non-Life Insurance in Slovakia, Key Trends and Opportunities to 2017

Non-Life Insurance in Slovakia, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Slovak non-life insurance segment, including: The Slovak non-life insurance segment’s growth prospects by non-life insurance categories Key trends and drivers for the non-life insurance segment The various distribution channels in the Slovak non-life insurance segment The detailed competitive landscape in the non-life insurance segment in Slovakia Detailed regulatory policies of the Slovak insurance industry A description of the non-life reinsurance segment in Slovakia Porter's Five Forces analysis of the non-life insurance segment A benchmarking section on the Slovak life insurance segment in comparison with other countries in the Central and Eastern European region Executive summary Non-life insurance is the second-largest segment in the industry, accounting for 42% of the total gross written premium in 2012. The motor insurance category is the largest in the segment. The category, particularly the motor hull sub-category, was adversely affected by intense competition during the review period. This resulted in a decline in premium rates and consequently, the gross written premium registered by the category declined during the review period. The adverse impact on the category was accentuated by a decline in the number of new vehicle registrations. The number declined from 102,378 units in 2008 to 78,259 units in 2012 – the number increased from 73,856 in 2010 to 78,259 units in 2012. Premium rates are expected to remain pressured for the first two quarters of 2014. The motor insurance category will be helped by an increase in the number of new vehicle registrations over the forecast period. Scope This report provides a comprehensive analysis of the non-life insurance segment in Slovakia: It provides historical values for Slovakia’s non-life insurance segment for the report’s...