The Slovakian insurance market is dominated by two large players that account for more than half of the total premium volume in the country.

Premiums written rose slightly by 0.3% in 2012. In the non-life area, Slovakia recorded a drop of 1.6% during this period. This decline was due performance in the motor vehicle segment, where strong competition exists due to a large number of new entries into the market. As before, however, the demand for non-life insurance products outside of the motor vehicle segment remains high. Due to a wide range of attractive products, premiums rose by 1.9% in the life insurance segment.

Average per capita expenditures for insurance were EUR 388 in Slovakia in 2011, of which EUR 177 was for non-life insurance and EUR 211 for life insurance.

Market growth in 2012 compared to the previous year

Market shares of the major insurance groups

This information
was audited by PWC
GmbH, Vienna on
March 12, 2013.