Life Insurance in Slovakia, Key Trends and Opportunities to 2017

Life Insurance in Slovakia, Key Trends and Opportunities to 2017 Synopsis The report provides in-depth market analysis, information and insights into the Slovak life insurance segment, including: The Slovak life insurance segment’s growth prospects by life insurance categories Key trends and drivers for the life insurance segment The various distribution channels in the Slovak life insurance segment The detailed competitive landscape in the life insurance segment in Slovakia Detailed regulatory policies of the Slovak insurance industry A description of the life reinsurance segment in Slovakia Porter's Five Forces analysis of the 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 The insurance industry and life segment were adversely affected by the 2008 financial crisis and subsequent economic contraction in 2009, with a rise in policy cancellations and delayed premium payments. The gross written premium registered by the life segment, therefore, registered a decline in 2009. The economic recovery started in 2010 and meant that the life segment was once again on the rise. Domestic consumption is still depressed due in part to the high unemployment rate of 13.4% in 2012. This continues to negatively impact the life segment, which grew at a CAGR of only 0.3% between 2008 and 2012. Scope This report provides a comprehensive analysis of the life insurance segment in Slovakia: It provides historical values for the Slovak life insurance segment for the report’s 2008–2012 review period and projected figures for the 2012–2017 forecast period. It offers a detailed analysis of the key categories in the Slovak life insurance segment, along with market forecasts until 2017. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and...