New Market Report: Slovakia Insurance Report Q1 2016

Slovakia is one of the more developed CEE states in terms of insurance penetration and density and the country will remain a key focus for many of Europe's larger multinational insurance groups over the coming years. Robust economic growth will further boost the spending power of Slovak's who are already among the highest earners in the region . Mean while , high levels of savings and investment will provide a favourable environment for life insurers in particular. However, life insurers face the challenge of intense competition for motor vehicle insurance and other lines, while the health segment remains under threat from the government's nationalisation strategy.

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Despite a small population of just 5.4mn, Slovakia can rightfully be described as one of the ore developed insurance markets in Central and Eastern Europe (CEE). As one of the more affluent economies in the region, high levels of disposable income have proved a draw for Western Europe's major insurance groups in recent decades, resulting in a relatively high level of life and non-life penetration. Slovakia's solid macroeconomic fundamentals are likely to only enhance its appeal over the coming quarters as multinationals look increasingly for opportunities to diversify their businesses in light of weak economic growth in many neighbouring Western European countries. Slovakia is expected to be one of the strongest performing economies in the eurozone over the coming quarters, with GDP forecast to expand by 3.0% and 3.3% in 2015 and 2016, respectively.

The Slovakia Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Slovakia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Slovak insurance industry.

Key Benefits

* Benchmark BMI's independent insurance industry forecasts for Slovakia to test other views - a key input for successful budgeting and strategic business planning in Slovakia's insurance market.
* Target business opportunities and risks in Slovakia through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
* Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

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