Non-Life Insurance in Slovakia, Key Trends and Opportunities to 2020
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GlobalData’s 'Non-Life Insurance in Slovakia Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Slovak non-life insurance segment, and a comparison of the Slovak insurance industry with its regional counterparts.
It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Slovak economy and demographics, explains the various types of natural hazard and their impact on the Slovak insurance industry, and provides detailed information on the competitive landscape in the country.
The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Slovakia:
• It provides historical values for the Slovak non-life insurance 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 non-life insurance segment, and market forecasts to 2020.
• It provides a comparison of the Slovak non-life insurance segment with its regional counterparts
• It analyzes the various distribution channels for non-life insurance products in Slovakia.
• It analyzes various natural and man-made hazards and their impact on the Slovak insurance industry
• It profiles the top non-life insurance companies in Slovakia, and outlines the key regulations affecting them.
Key Highlights
• The non-life segment accounted for 44.6% of the industry's gross written premium in 2015.
• Slovak non-life insurance penetration decreased from 1.2% in 2011 to 1.1% in 2015.
•The increase in fraudulent claims has limited insurers’ profitability during the review period, and also increased the premium prices for other customers.
•The increasing consumer awareness and the prevalence of a soft phase with stable premium rate supported the liability insurance to grow at a review-period CAGR of 3.6%.
•The decrease in import and export values is expected to have a negative impact on the demand of marine, aviation and transit insurance over the forecast period.
• Mandatory motor third-party insurance, stable economic growth, rising motor vehicle sales and growth in the automobile sector is expected to support the growth of the non-life segment over the forecast period.
Reasons to Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Slovak non-life insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Slovak non-life insurance segment.
• Assess the competitive dynamics in the non-life insurance 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.
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