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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Slovakian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Slovakia's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Slovakia non-life (P&C) market as well as trends by line of business. Axco analysts also report on Slovakia's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Slovakia's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Slovakia, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Slovakia, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Slovakia with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
There are two distinct characteristics of the Slovakian non-life market: the predominance of the motor account, amounting to 55.6% of 2019's total market gross written premiums (of locally registered companies' business); and the dominance of the five leading companies, two of which are subsidiaries of one group, Vienna Insurance Group, with a total market share of 87.30% (of locally registered companies, and ignoring branches' income) for 2018. This figure will continue to increase as a consequence of recent merger and acquisition activity ....
This is a brief extract of information; more updated information may be available in the latest published report.