Slovakia
STATISTICS: Slovak Rep: Insurers Q1 profits expanded by 55% y-o-y to EUR 51.59 m
In the first three months of 2021, the Slovak insurance market totaled EUR 601 million, 4.4% less y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).
The profits of local insurers amounted to EUR 51.59 million, which was a 55% increase as compared to end-March 2020 (EUR 31.3 million), as official statistics show.
The profits of local insurers amounted to EUR 51.59 million, which was a 55% increase as compared to end-March 2020 (EUR 31.3 million), as official statistics show.
15 July 2021Generali Ceska pojistovna to merge with Generali Slovakia
Generali CEE Holding announced the merger of its Czech and Slovak units: Generali Ceska pojistovna and Generali Slovakia. Generali in Slovakia will operate as a branch of Generali Ceska pojistovna, under the name Generali Poistovna, a branch of an insurance company from another Member State.
29 June 2021STATISTICS: Slovak Rep., 2020 Insurers' business decreased almost 5% y-o-y
Last year, the Slovak insurance market totaled EUR 2.17 billion, 4.75% less y-o-y, according to the end-year statistics published by the National Bank of Slovakia (NBS).
22 April 2021Slovak Rep.: Despite the lockdown-induced low number of traffic accidents, MTPL tariffs will continue to increase
In recent years, Slovak drivers have faced a slight increase in motor insurance prices. The current lockdown, which dramatically reduces the number of traffic accidents on Slovak roads, will not change this trend either, wrote TREND (trend.sk) here.
15 March 2021Slovak Rep., SLASPO: Less GWP but more profits during 2020
The YE2020 preliminary figures on insurance activity published by SLASPO (the proffesional association of Slovak insurers) show that the insurers active on local market (domestic and EU branches) generated during last year less premiums, but they were more profitable.
15 March 2021The Slovak competition council approved the acquisition of POSTOVA Poistovna by ACHMEA's local unit
The Anti-Monopoly Office of Slovak Republik approved the acquisition of POSTOVA Poistovna by UNION poistovna - the local bussines unit of Dutch insurance group ACHMEA.
1 March 2021Slovakia: Kooperativa's administrative office restoration after the 2018 fire, almost ready
Roland's Palace return to its original look, after the fire which damaged it in November 2018, was announced for Q2 2021, the Slovak Spectator reports. The building, one of the most beautiful in Bratislava's Main Square, is owned by insurer Kooperativa.
21 January 2021STATISTICS: 9 months profits of Slovak insurers more than doubled to EUR 132.63 million
In the first three quarters of 2020, the Slovak Republic insurance market totaled EUR 1.68 million, 1.88% less y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).
The life insurance segment was down by 6.82% y-o-y to EUR 702.89 million, these types of policies generating 41.79% of the total insurance market, while the remaining 58.21% was accounted by non-life subclasses - GWP of EUR 979.17 million or 2% more y-o-y.
The life insurance segment was down by 6.82% y-o-y to EUR 702.89 million, these types of policies generating 41.79% of the total insurance market, while the remaining 58.21% was accounted by non-life subclasses - GWP of EUR 979.17 million or 2% more y-o-y.
14 January 2021SLOVAKIA: ACHMEA to acquire POSTOVA Poistovna
The Dutch financial group ACHMEA announced is expanding its presence on Slovak insurance market by the acquisition of POSTOVA Poistovna after its local subsidiary - UNION and the shareholders of POSTOVA Poistovna - POSTOVA Banka and SLOVENSKA POSTA - had reached agreement on the transaction.
14 December 2020SLOVAKIA: KBC finalises acquisition of OTP business
Belgium's KBC Group and OTP Bank, the Hungarian parent company of OTP Banka Slovensko (Slovakia), closed the agreement announced in February 2020 for KBC Bank NV to acquire ownership of 99.44% of the shares in OTP Banka Slovensko.
2 December 2020STATISTICS: SLOVAKIA, 1H2020: Insurers reported negative rates in premiums and claims
In the first six months of 2020, the Slovak insurance market totaled EUR 1.14 billion (direct premiums and accepted reinsurance, summed-up), 1.57% less y-o-y, according to the preliminary quarterly financial figures provided by the National Bank of Slovakia (NBS).
15 October 2020SLOVAKIA: NBS bans NOVIS from new business
Narodna banka Slovenska (NBS), the Slovakian national supervisory authority, has issued an interim measure banning new business from NOVIS Insurance Company, NOVIS Versicherungsgesellschaft, NOVIS Compagnia di Assicurazioni, NOVIS Poistovna a.s. (NOVIS), until specified conditions are fulfilled by NOVIS.
21 September 2020GENERALI announced top management changes in GENERALI Poistovna, Slovakia
GENERALI announced that Georg ENGL stepped down from his positions as Chairman of the Board of Directors and CEO in GENERALI Poistovna, in Slovakia for private reasons and has left GENERALI Group to pursue other professional opportunities.
6 July 2020STATISTICS: SLOVAKIA, 1Q2020: Local insurers reported positive changes in y-o-y life & non-life technical results
In the first three months of 2020, the Slovak insurance market totaled EUR 629 million, 3.0% more y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).
2 July 2020COVID-19: GENERALI Slovakia donated state-of-the-art UVD germicidal robots to five Slovak hospitals
GENERALI Slovakia donated innovative UVD robots for highly-efficient disinfection of the premises to five Slovak hospitals. The germicidal robots are very helpful for the hospitals not only during the coronavirus pandemic but also in daily safeguarding the high hygienic standards needed in the health facilities.
25 June 2020STATISTICS: SLOVAKIA, FY2019: Insurers' profits increased almost 2% y-o-y
Last year, the Slovak insurance market totaled EUR 2.28 billion, 1.65% more y-o-y, according to the end-year statistics published by the National Bank of Slovakia (NBS).
9 April 2020SLOVAKIA: CSOB strengthens its presence throught OTP Banka Slovensko acquisition
The Belgium's KBC Group and OTP Bank, the Hungarian parent company of OTP Banka Slovensko (Slovakia), reached agreement for KBC to acquire ownership of 99.44% of the shares in OTP Banka Slovensko, a mid-sized Slovakian bank focusing on retail, micro SME and SME customers. The remaining shares are held by a number of private individuals.
19 February 2020STATISTICS: SLOVAK Q3 insurance market net profit almost halved to ~EUR 63 million
In the first three quarters of 2019, the Slovak insurance market totaled EUR 1.71 billion, 2.50% more y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS). Life and non-life paid claims and indemnities increased by 6% to EUR 1.05 billion, of which about 46% were related to non-life sub-classes.
9 January 2020STATISTICS: SLOVAKIA, 1H2019: despite increasing claims expenses, the market remained profitable
The Slovak market finished the first semester of 2019 with a GWP volume of EUR 1,166 million (+2.6%), paid claims and benefits amounting to EUR 697 million (+7.1%) and a net profit at market level of EUR 68 million (-21.5%). Life sector held a share of 43.2% in total GWP, while the rest of 56.2% of GWP was brought by non-life business lines.
17 October 2019STATISTICS: Q1 profits of Slovak insurers declined to EUR 31.8 million
In the first three months of 2019, the Slovak insurance market totaled EUR 610.7 million, 3.6% more y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).
18 July 2019
