New Market Research Report: Slovakia Insurance Report Q1 2011

Dec. 17, 2010 - PRLog -- Writing in December 2010, we have been able to ensure that the report includes actual data for 2009. On the basis of data made available by the National Bank of Slovakia (NBS) in relation to 2010, we estimate that total premiums last year amounted to EUR2.32bn. This includes non-life premiums of EUR1.09bn and life premiums of EUR1.23bn. In 2015, the corresponding figures are forecast to be EUR3.62bn, EUR1.83bn and EUR1.79bn. In terms of the key drivers that underpin our forecasts, we predict that nonlife penetration will rise from 1.60% of GDP in 2010 to 2.01% by 2015, and that life density will rise from US$291 per capita to US$413 over the same period. BMI's Insurance Business Environment Rating for Slovakia is 59.6 out of 100.

Issues To Watch

Pricing In Motor Insurance

Despite the structure of the non-life market, it appears that the main players do not have pricing power. If prices fail to stabilise and the number of policies stops growing, premiums for compulsory third-party motor liability (CTPML) and voluntary fully comprehensive third-party insurance (CASCO) could slide.

Policy Numbers For Unit-linked And Supplementary Life Products

The growth in the number of policies in these lines has underpinned the stability of the life segment. Should the number of policies being issued stabilise or fall then the market will weaken.

Investment Earnings

Some insurance companies may find it difficult to maintain investment earnings, especially if volatility in other regional bond markets affects Slovakia's. Fortunately, most of the major insurers are subsidiaries of very large multinational groups.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/100883_slovakia_insurance_repo...

Report Table of Contents:

Executive Summary
- Table: Slovakia's Insurance Sector At A Glance
- Key Insights On Slovakia's Insurance Sector
- Issues To Watch
SWOT Analysis
- Slovakia Insurance Industry SWOT
- Slovakia Political SWOT
- Slovakia Economic SWOT
- Slovakia Business Environment SWOT
Central And Eastern European Markets Overview
- Table: Non-Life Segment Premiums In Central And Eastern Europe
- Table: Life Segment Premiums In Central And Eastern Europe
Projections And Forecasts
- Table: Insurance Data And Projections, 2007-2015
- Projections And Drivers Of Growth
- Table: Growth Drivers, 2007-2015
Country Update
- Macroeconomic Outlook
- Table: Slovakia Economic Activity, 2007-2015
- Political Outlook
Insurance Business Environment Ratings
- Table: Slovakia's Insurance Business Environment Rating
- Table: Central And Eastern Europe Insurance Business Environment Ratings
Regional Context
- Table: Non-Life Premiums In A Regional Context, 2009
- Table: Life Premiums In A Regional Context, 2009
Major Players In Slovakia's Insurance Sector
- Table: Principal Insurance Lines - Gross Written Premiums, H109 (EURmn)
- Table: Insurance Companies By Gross Written Premiums, H109 (EURmn)
Analysis Of Regional Competitive Conditions
Regional Company Profiles
- AEGON
- ALICO
- Allianz
- Aviva
- AXA
- BNP Paribas/Cardif
- ERGO
- Eureko
- Generali
- GRAWE
- Groupama
- HDI-Gerling
- ING
- KBC Group
- MetLife
- Prudential Financial
- QBE
- RSA
- UNIQA
- Vienna Insurance Group
- Zurich
Country Snapshot: Slovakia Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 2000-2012
BMI Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.