Reinsurance in Slovakia, Key Trends and Opportunities to 2020

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

GlobalData’s 'Reinsurance in Slovakia Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Slovak reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Slovak economy and demographics, and provides detailed analysis of natural hazards and their impact on the Slovak insurance industry.

The report brings together GlobalData’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Scope

This report provides a comprehensive analysis of the reinsurance segment in Slovakia:

• It provides historical values for the Slovak reinsurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key categories in the Slovak reinsurance segment, and market forecasts to 2020.

• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Slovakia, and the reinsurance segment's growth prospects.

• It analyzes various natural and man-made hazards and their impact on the Slovak insurance industry

Key Highlights

• The growth in the establishment of large industrial projects has created opportunities for the insurance industry, and consequently for the reinsurance segment.

• As Slovakia is a small, open and export-oriented economy, instability in the EU due to Brexit, the Greek debt crisis and Russia–Ukraine conflict will have a negative impact on the industry’s growth.

• The industry is exposed to investment and reinvestment risk arising from persistently low interest rates.

• Most insurers in Slovakia cede premiums to reinsurers established by their parent companies.

• As Solvency II increases the firm’s capital requirements and raises fixed costs, it will drain resources that previously would have been allocated to business operations.

• The industry’s expansion coupled with the country’s economic development will support the segment’s growth over the forecast period.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Slovak reinsurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Slovak reinsurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Slovak insurance industry, and their impact on companies and the industry's future.

Allianz – Slovenská poisťovňa
AS
Generali poisťovňa
AS
Komunálna poisťovňa AS VIG
Kooperativa poisťovňa
AS VIG
Union poisťovňa
AS
Uniqa poisťovňa
AS
Wüstenrot poisťovňa
AS
Poisťovňa Cardif Slovakia
AS
Allianz – Slovenská poisťovňa
AS
Generali poisťovňa
AS

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Reinsurance Outlook

4.1 Reinsurance Segment Size, 2011–2020

4.1.1 Reinsurance premium accepted

4.2 Reinsurance Segment Size by Premium Ceded, 2011–2020

5 Natural Hazards

5.1 Flooding

5.2 Extreme Temperature

5.3 Wildfires

5.4 Exposure

6 Competitive Landscape

7 Definition and Methodology

7.1 Definitions

7.2 Methodology

8 About GlobalData

8.1 Contact GlobalData

8.2 About GlobalData

8.3 GlobalData’s Services

8.4 Disclaimer

Table

Table 1: Slovak Reinsurance – Key Facts, 2014

Table 2: Slovak Government Credit Ratings

Table 3: Slovak Reinsurance – Total Premium Accepted (EUR Million and US$ Million), 2011–2015

Table 4: Slovak Reinsurance – Total Premium Accepted (EUR Million and US$ Million), 2015–2020

Table5: Slovak Reinsurance – Premium Ceded by Type of Insurance (EUR Million), 2011–2015

Table 6: Slovak Reinsurance – Premium Ceded by Type of Insurance (EUR Million), 2015–2020

Table 7: Slovak Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015

Table 8: Slovak Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020

Table 9: Slovak Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015

Table 10: Slovak Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020

Table 11: Slovak Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2015

Table 12: Slovak Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2015–2020

Table 13: Slovakia Average Annual Loss by Hazard

Table 14: List of Key Insurers in Slovakia Having License for Non-Life Reinsurance Activities, 2015

Table 15: Insurance Industry Definitions

Figures

Figure 1: Slovak Real GDP (EUR Billion), 2011–2020 9

Figure 2: Slovak Consumer Price Inflation (%), 2011–2020 10

Figure 1: Slovak Real GDP (EUR Billion), 2011–2020

Figure 2: Slovak Consumer Price Inflation (%), 2011–2020

Figure 3: EUR – US$ Exchange Rate, 2011–2020

Figure 4: Slovak Unemployment Rate, 2011–2020

Figure 5: Slovak Population by Age Group, 1990–2025

Figure 6: Slovak Reinsurance – Total Premium Accepted (EUR Million), 2011–2020

Figure 7: Slovak Reinsurance – Premium Ceded by Type of Insurance (EUR Million), 2011–2020

Figure 8: Slovak Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2011–2020

Figure 9: Slovak Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020

Figure 10: Slovak Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020

Figure 11: Slovak Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2020

Figure 12: Slovak – Frequency of Hazards by Type, 1990–2014

Figure 13: Slovak Mortality by Hazards Type, 1990–2014

Figure 14: Slovak Economic Loss by Hazards Type, 1990–2014

Frequently asked questions

Reinsurance in Slovakia, Key Trends and Opportunities to 2020 standard reports
Currency USD
$1,450

Can be used by individual purchaser only

$4,350

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Reinsurance in Slovakia, Key Trends and Opportunities to 2020 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Financial Services
New
Worldline - Competitor Profile
$350 | March 2024
Financial Services
New
Global Risk Report Quarterly Update - Q1 2024
$1,100 | April 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Reinsurance in Slovakia, Key Trends and Opportunities to 2020 in real time.

  • Access a live Reinsurance in Slovakia, Key Trends and Opportunities to 2020 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.