Slovakia
STATISTICS: 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 2019GENERALI announced changes in the managements in the Czech Republic, Slovakia and Croatia
GENERALI CEE Holding announces some changes in the managements of its subsidiaries CESKA pojistovna (Czech Republic), Generali Poistovna (Slovakia), and Generali osiguranje (Croatia), to become effective in the upcoming weeks and months once the necessary approvals have been received.
18 June 2019STATISTICS: Slovakias' FY2018 aggregate figures see slight increase despite the "red rates" reported on life LoB
At the end of 2018 the Slovak insurance market totaled EUR 2.20 billion vs. EUR 2.16 billion a year before, according to the preliminary figures provided by the National Bank of Slovakia (NBS).
25 April 2019Transaction with Dutch flavor in Slovakia: ACHMEA to acquire AEGON's P&C portfolio
Dutch insurance group ACHMEA announced is expanding its presence in Slovak insurance market by acquiring AEGON's property & casualty portfolio in the country. The portfolio consists of more than 18,000 home insurance policies. The acquisition is being made by ACHMEA's subsidiary, UNION.
11 April 2019GENERALI to take over ERGO units in Hungary and Slovakia
Italian insurer GENERALI announced signing an agreement to take over the entire life, non-life and composite insurance portfolios of three entities of ERGO International AG in Hungary and Slovakia. The sale is subject to certain regulatory and anti-trust approvals, as is customary for transactions of this kind. The parties have agreed not to provide details of the purchase price and other terms.
4 April 2019A new life insurance company will launch in CZ & SK markets
Youplus, a new life insurance company, will launch in the Czech and Slovak insurance markets in May 2019. Youplus will begin operation in the Czech Republic the first half of 2019 and enter the Slovak market in the second half.
27 March 2019STATISTICS: SLOVAKIA, 2008-2017: Insurance market shaped by Life business line
Between 2008-2017, the Slovak insurance market maintained a stable evolution, reflected in an almost horizontal graphical trendline, with no major spikes or drops in GWP. Overall market GWP fluctuated between EUR 1,967-2,135 million, almost equally divided between Life and Non-Life premiums.
21 March 2019New appointments made inside AXA CZ & SK
Starting with March 2019, AXA Group will have a new Chief Risk Officer and a new Chief Technical Insurance Officer operating inside Czech Republic and Slovakia. The changes are waiting for regulator's approvals.
7 March 2019SLOVAKIA: Up to 241,000 vehicles on the roads without MTPL coverage in 2018
According to the Slovak Insurers Bureau (SKP) and Statistical Office of the Slovak Republic, there were around 241,000 motor vehicles without a valid MTPL policy on road in 2018. Through the Guarantee Fund, SKP paid for 2,706 claims as a result of accidents caused by uninsured vehicles.
7 March 2019SLOVAKIA: The newly announced IPT, in force since 1 January 2019
The new 8% Insurance Premium Tax (IPT) has come into force since January 1st, 2019 in Slovakia, thus putting an end to amore than one year long debate.
5 February 2019STATISTICS: SLOVAKIA, 3Q2018: insurers' profits decreased to EUR 120 million
In the first three quarters of 2018, the Slovak insurance market totaled EUR 1.67 billion, thus increasing by 3.82% y-o-y, according to the quarterly financial figures published by the National Bank of Slovakia (NBS).
25 January 2019NN Group completes acquisition of AEGON units in Czech Rep. and Slovakia
NN Group announced that it has completed the acquisition of AEGON's Life Insurance business in the Czech Republic and AEGON's Life Insurance and Pension businesses in Slovakia.
10 January 2019STATISTICS: Slovak Rep., 1H2018: consolidated net profit EUR 86 million, down 4% y-o-y
Slovak insurers have reported GWP worth EUR 1.13 billion in 1H2018, 4.46% up y-o-y. At the same time, claims paid have increased by almost 13% y-o-y, to EUR 649.2 million.
27 September 2018Slovakia's new IPT Act comes into force at start of 2019
4 September 2018
