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Personal Accident and Health Insurance in Slovakia, Key Trends and Opportunities to 2019

Published By :

Timetric

Published Date : Sep 2015

Category :

Health Insurance

No. of Pages : 144 Pages

Synopsis

Timetric

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

 

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Slovak Insurance Industry Overview
4.1 Insurance Industry Size, 2010–2019

5 Personal Accident and Health Insurance Segment Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
5.4.1 Personal accident insurance
5.4.2 Travel insurance
5.4.3 Health insurance

6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Agencies
6.3 Brokers

7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Slovak Personal Accident and Health Insurance Segment
7.3 New Product Developments during the Review Period
7.4 Allianz-Slovenská Pois?ov?a a.s. – Company Overview
7.5 Kooperativa Pois?ov?a, a.s., VIG – Company Overview
7.6 Komunálna Pois?ov?a a.s., VIG – Company Overview
7.7 Uniqa Pois?ov?a, a.s. – Company Overview
7.8 Generali Pois?ov?a, a.s. – Company Overview

8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor vehicle third-party liability insurance
8.4.2 Air carriers and aircraft liability insurance
8.4.3 Social insurance system
8.4.4 Professional indemnity insurance for alternative investment fund managers
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors (IAIS)
8.5.2 European Insurance and Occupational Pensions Authority (EIOPA)
8.5.3 National Bank of Slovakia
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)

9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric’s Services
9.5 Disclaimer

List of Table

Table 1: Slovak Personal Accident and Health Insurance – Key Facts, 2014 
Table 2: Insurance Industry Definitions 
Table 3: Slovak Insurance Industry – Gross Written Premium by Segment (EUR Million), 2010–2014 
Table 4: Slovak Insurance Industry – Gross Written Premium by Segment (US$ Million), 2010–2014 
Table 5: Slovak Insurance Industry – Gross Written Premium by Segment (EUR Million), 2014–2019 
Table 6: Slovak Insurance Industry – Gross Written Premium by Segment (US$ Million), 2014–2019 
Table 7: Slovak Insurance Industry – Gross Written Premium by Segment (Percentage Share), 2010–2019 
Table 8: Slovak Insurance Industry – Direct Written Premium by Segment (EUR Million), 2010–2014 
Table 9: Slovak Insurance Industry – Direct Written Premium by Segment (US$ Million), 2010–2014 
Table 10: Slovak Insurance Industry – Direct Written Premium by Segment (EUR Million), 2014–2019 
Table 11: Slovak Insurance Industry – Direct Written Premium by Segment (US$ Million), 2014–2019 
Table 12: Slovak Insurance Industry – Direct Written Premium by Segment (Percentage Share), 2010–2019 
Table 13: Slovak Personal Accident and Health Insurance – Gross Written Premium by Category (EUR Million), 2010–2014 
Table 14: Slovak Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2010–2014 
Table 15: Slovak Personal Accident and Health Insurance – Gross Written Premium by Category (EUR Million), 2014–2019 
Table 16: Slovak Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2014–2019 
Table 17: Slovak Personal Accident and Health Insurance – Direct Written Premium by Category (EUR Million), 2010–2014 
Table 18: Slovak Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2010–2014 
Table 19: Slovak Personal Accident and Health Insurance – Direct Written Premium by Category (EUR Million), 2014–2019 
Table 20: Slovak Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2014–2019 
Table 21: Slovak Personal Accident and Health Insurance – Net Earned Premium (EUR Million), 2010–2014 
Table 22: Slovak Personal Accident and Health Insurance – Net Earned Premium (EUR Million), 2014–2019 
Table 23: Slovak Personal Accident and Health Insurance – Paid Claims by Category (EUR Million), 2010–2014 
Table 24: Slovak Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2010–2014 
Table 25: Slovak Personal Accident and Health Insurance – Paid Claims by Category (EUR Million), 2014–2019 
Table 26: Slovak Personal Accident and Health Insurance – Paid Claims by Category (US$ Million), 2014–2019 
Table 27: Slovak Personal Accident and Health Insurance – Incurred Loss by Category (EUR Million), 2010–2014 
Table 28: Slovak Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2010–2014 
Table 29: Slovak Personal Accident and Health Insurance – Incurred Loss by Category (EUR Million), 2014–2019 
Table 30: Slovak Personal Accident and Health Insurance – Incurred Loss by Category (US$ Million), 2014–2019 
Table 31: Slovak Personal Accident and Health Insurance – Net Written Premium by Category (EUR Million), 2010–2014 
Table 32: Slovak Personal Accident and Health Insurance – Net Written Premium by Category (US$ Million), 2010–2014 
Table 33: Slovak Personal Accident and Health Insurance – Net Written Premium by Category (EUR Million), 2014–2019 
Table 34: Slovak Personal Accident and Health Insurance – Net Written Premium by Category (US$ Million), 2014–2019 
Table 35: Slovak Personal Accident and Health Insurance – Loss Ratio (%), 2010–2014 
Table 36: Slovak Personal Accident and Health Insurance – Loss Ratio (%), 2014–2019 
Table 37: Slovak Personal Accident and Health Insurance – Commission and Expenses (EUR Million), 2010–2014 
Table 38: Slovak Personal Accident and Health Insurance – Commission and Expenses (EUR Million), 2014–2019 
Table 39: Slovak Personal Accident and Health Insurance – Combined Ratio (%), 2010–2014 
Table 40: Slovak Personal Accident and Health Insurance – Combined Ratio (%), 2014–2019 
Table 41: Slovak Personal Accident and Health Insurance – Number of Policies Per Capita, 2010–2014 
Table 42: Slovak Personal Accident and Health Insurance – Number of Policies Per Capita, 2014–2019 
Table 43: Slovak Personal Accident and Health Insurance – Total Assets (EUR Million), 2010–2014 
Table 44: Slovak Personal Accident and Health Insurance – Total Assets (EUR Million), 2014–2019 
Table 45: Slovak Personal Accident and Health Insurance – Net Written Premium (% of GWP), 2010–2014 
Table 46: Slovak Personal Accident and Health Insurance – Net Written Premium (% of GWP), 2014–2019 
Table 47: Slovak Personal Accident Insurance – Number of Policies Sold (Thousand), 2010–2014 
Table 48: Slovak Personal Accident Insurance – Number of Policies Sold (Thousand), 2014–2019 
Table 49: Slovak Personal Accident Insurance – Direct Written Premium (EUR Million), 2010–2014 
Table 50: Slovak Personal Accident Insurance – Direct Written Premium (EUR Million), 2014–2019 
Table 51: Slovak Personal Accident Insurance – Loss Ratio (%), 2010–2014 
Table 52: Slovak Personal Accident Insurance – Loss Ratio (%), 2014–2019 
Table 53: Slovak Travel Insurance – Number of Policies Sold (Thousand), 2010–2014 
Table 54: Slovak Travel Insurance – Number of Policies Sold (Thousand), 2014–2019 
Table 55: Slovak Travel Insurance – Direct Written Premium (EUR Million), 2010–2014 
Table 56: Slovak Travel Insurance – Direct Written Premium (EUR Million), 2014–2019 
Table 57: Slovak Travel Insurance – Loss Ratio (%), 2010–2014 
Table 58: Slovak Travel Insurance – Loss Ratio (%), 2014–2019 
Table 59: Slovak Health Insurance – Number of Policies Sold (Thousand), 2010–2014 
Table 60: Slovak Health Insurance – Number of Policies Sold (Thousand), 2014–2019 
Table 61: Slovak Health Insurance – Direct Written Premium (EUR Million), 2010–2014 
Table 62: Slovak Health Insurance – Direct Written Premium (EUR Million), 2014–2019 
Table 63: Slovak Health Insurance – Paid Claims (EUR Million), 2010–2014 
Table 64: Slovak Health Insurance – Paid Claims (EUR Million), 2014–2019 
Table 65: Slovak Health Insurance – Loss Ratio (%), 2010–2014 
Table 66: Slovak Health Insurance – Loss Ratio (%), 2014–2019 
Table 67: Slovak Health Insurance – Net Written Premium (EUR Million), 2010–2014 
Table 68: Slovak Health Insurance – Net Written Premium (EUR Million), 2014–2019 
Table 69: Slovak Personal Accident and Health Insurance – Direct Marketing Value of Commission (EUR Million), 2010–2014 
Table 70: Slovak Personal Accident and Health Insurance – Direct Marketing Value of Commission (EUR Million), 2014–2019 
Table 71: Slovak Personal Accident and Health Insurance – Direct Marketing Direct Written Premium (EUR Million), 2010–2014 
Table 72: Slovak Personal Accident and Health Insurance – Direct Marketing Direct Written Premium (EUR Million), 2014–2019 
Table 73: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Direct Marketing (Thousand), 2010–2014 
Table 74: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Direct Marketing (Thousand), 2014–2019 
Table 75: Slovak Personal Accident and Health Insurance – Sales Force, 2010–2014 
Table 76: Slovak Personal Accident and Health Insurance – Sales Force, 2014–2019 
Table 77: Slovak Personal Accident and Health Insurance – Agencies’ Value of Commission (EUR Million), 2010–2014 
Table 78: Slovak Personal Accident and Health Insurance – Agencies’ Value of Commission (EUR Million), 2014–2019 
Table 79: Slovak Personal Accident and Health Insurance – Agencies’ Direct Written Premium (EUR Million), 2010–2014 
Table 80: Slovak Personal Accident and Health Insurance – Agencies’ Direct Written Premium (EUR Million), 2014–2019 
Table 81: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Agencies (Thousand), 2010–2014 
Table 82: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Agencies (Thousand), 2014–2019 
Table 83: Slovak Personal Accident and Health Insurance – Brokers’ Value of Commission (EUR Million), 2010–2014 
Table 84: Slovak Personal Accident and Health Insurance – Brokers’ Value of Commission (EUR Million), 2014–2019 
Table 85: Slovak Personal Accident and Health Insurance – Brokers’ Direct Written Premium (EUR Million), 2010–2014
Table 86: Slovak Personal Accident and Health Insurance – Brokers’ Direct Written Premium (EUR Million), 2014–2019
Table 87: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Brokers (Thousand), 2010–2014 
Table 88: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Brokers (Thousand), 2014–2019 
Table 89: Key Insurers in the Slovak Personal Accident and Health Insurance, 2014 
Table 90: Slovakia – Life Insurance Regulatory Framework 
Table 91: Slovakia – Property Insurance Regulatory Framework 
Table 92: Slovakia – Motor Insurance Regulatory Framework 
Table 93: Slovakia – Liability Insurance Regulatory Framework 
Table 94: Slovakia – Minimum Coverage for Aircraft Third-Party Liability Per Accident Per Aircraft 
Table 95: Slovakia – Authorization Fee of Insurance and Reinsurance Companies 
Table 96: Slovakia – Corporate Tax Rates for the Financial Year 2015

List of Chart

Figure 1: Slovak Insurance Industry – Gross Written Premium by Segment (EUR Million), 2010–2019 
Figure 2: Slovak Insurance Industry – Gross Written Premium Dynamics by Segment (2010–2019) 
Figure 3: Slovak Insurance Industry – Direct Written Premium by Segment (EUR Million), 2010–2019 
Figure 4: Slovak Insurance Industry – Direct Written Premium Dynamics by Segment (2010–2019) 
Figure 5: Slovak Population (Million) and Growth Rate (%), 2010–2014 
Figure 6: Slovak National Disposable Income (US$ Billion) and Growth Rate (%), 2009–2013 
Figure 7: Slovak Unemployment Rate (%), 2010–2014 
Figure 8: Slovak Personal Accident and Health Insurance – Gross Written Premium by Category (EUR Million), 2010–2019 
Figure 9: Slovak Personal Accident and Health Insurance – Gross Written Premium by Category (Percentage Share), 2014 and 2019 
Figure 10: Slovak Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2010–2019 
Figure 11: Slovak Personal Accident and Health Insurance – Direct Written Premium by Category (EUR Million), 2010–2019 
Figure 12: Slovak Personal Accident and Health Insurance – Direct Written Premium by Category (Percentage Share), 2014 and 2019 
Figure 13: Slovak Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2010–2019 
Figure 14: Slovak Personal Accident and Health Insurance – Net Earned Premium (EUR Million), 2010–2014 
Figure 15: Slovak Personal Accident and Health Insurance – Net Earned Premium (EUR Million), 2014–2019 
Figure 16: Slovak Personal Accident and Health Insurance – Paid Claims by Category (EUR Million), 2010–2019 
Figure 17: Slovak Personal Accident and Health Insurance – Incurred Loss by Category (EUR Million), 2010–2019 
Figure 18: Slovak Personal Accident and Health Insurance – Net Written Premium by Category (EUR Million), 2010–2019 
Figure 19: Slovak Personal Accident and Health Insurance – Loss Ratio (%), 2010–2014 
Figure 20: Slovak Personal Accident and Health Insurance – Loss Ratio (%), 2014–2019 
Figure 21: Slovak Personal Accident and Health Insurance – Commission and Expenses (EUR Million), 2010–2014 
Figure 22: Slovak Personal Accident and Health Insurance – Commission and Expenses (EUR Million), 2014–2019 
Figure 23: Slovak Personal Accident and Health Insurance – Combined Ratio (%), 2010–2014 
Figure 24: Slovak Personal Accident and Health Insurance – Combined Ratio (%), 2014–2019 
Figure 25: Slovak Personal Accident and Health Insurance – Number of Policies Per Capita, 2010–2014 
Figure 26: Slovak Personal Accident and Health Insurance – Number of Policies Per Capita, 2014–2019 
Figure 27: Slovak Personal Accident and Health Insurance – Total Assets (EUR Million), 2010–2014 
Figure 28: Slovak Personal Accident and Health Insurance – Total Assets (EUR Million), 2014–2019 
Figure 29: Slovak Personal Accident and Health Insurance – Net Written Premium (% of GWP), 2010–2014 
Figure 30: Slovak Personal Accident and Health Insurance – Net Written Premium (% of GWP), 2014–2019 
Figure 31: Slovak Personal Accident and Health Insurance – Investment Portfolio (EUR Million), 2010–2014 
Figure 32: Slovak Personal Accident and Health Insurance – Investment Portfolio (% Share), 2010 and 2014 
Figure 33: Slovak Personal Accident and Health Insurance – Penetration (%), 2010–2014 
Figure 34: Slovak Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2010–2014 
Figure 35: Slovak Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2014–2019 
Figure 36: Slovak Personal Accident and Health Insurance – Density (EUR), 2010–2014 
Figure 37: Slovak Personal Accident Insurance – Number of Policies Sold (Thousand), 2010–2014 
Figure 38: Slovak Personal Accident Insurance – Number of Policies Sold (Thousand), 2014–2019 
Figure 39: Slovak Personal Accident Insurance – Direct Written Premium (EUR Million), 2010–2014 
Figure 40: Slovak Personal Accident Insurance – Direct Written Premium (EUR Million), 2014–2019 
Figure 41: Slovak Personal Accident Insurance – Loss Ratio (%), 2010–2014 
Figure 42: Slovak Personal Accident Insurance – Loss Ratio (%), 2014–2019 
Figure 43: Slovak Travel Insurance – Number of Policies Sold (Thousand), 2010–2014 
Figure 44: Slovak Travel Insurance – Number of Policies Sold (Thousand), 2014–2019 
Figure 45: Slovak Travel Insurance – Direct Written Premium (EUR Million), 2010–2014 
Figure 46: Slovak Travel Insurance – Direct Written Premium (EUR Million), 2014–2019 
Figure 47: Slovak Travel Insurance – Loss Ratio (%), 2010–2014 
Figure 48: Slovak Travel Insurance – Loss Ratio (%), 2014–2019 
Figure 49: Slovak Health Insurance – Number of Policies Sold (Thousand), 2010–2014 
Figure 50: Slovak Health Insurance – Number of Policies Sold (Thousand), 2014–2019 
Figure 51: Slovak Health Insurance – Direct Written Premium (EUR Million), 2010–2014 
Figure 52: Slovak Health Insurance – Direct Written Premium (EUR Million), 2014–2019 
Figure 53: Slovak Health Insurance – Paid Claims (EUR Million), 2010–2014 
Figure 54: Slovak Health Insurance – Paid Claims (EUR Million), 2014–2019 
Figure 55: Slovak Health Insurance – Loss Ratio (%), 2010–2014 
Figure 56: Slovak Health Insurance – Loss Ratio (%), 2014–2019 
Figure 57: Slovak Health Insurance – Net Written Premium (EUR Million), 2010–2014 
Figure 58: Slovak Health Insurance – Net Written Premium (EUR Million), 2014–2019 
Figure 59: Slovak Personal Accident and Health Insurance – Gross Written Premium by Distribution Channel (% Share), 2014 and 2019 
Figure 60: Slovak Personal Accident and Health Insurance – Direct Marketing Value of Commission (EUR Million), 2010–2014 
Figure 61: Slovak Personal Accident and Health Insurance – Direct Marketing Value of Commission (EUR Million), 2014–2019 
Figure 62: Slovak Personal Accident and Health Insurance – Direct Marketing Direct Written Premium (EUR Million), 2010–2014 
Figure 63: Slovak Personal Accident and Health Insurance – Direct Marketing Direct Written Premium (EUR Million), 2014–2019 
Figure 64: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Direct Marketing (Thousand), 2010–2014 
Figure 65: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Direct Marketing (Thousand), 2014–2019 
Figure 66: Slovak Personal Accident and Health Insurance – Sales Force, 2010–2014 
Figure 67: Slovak Personal Accident and Health Insurance – Sales Force, 2014–2019 
Figure 68: Slovak Personal Accident and Health Insurance – Agencies’ Value of Commission (EUR Million), 2010–2014 
Figure 69: Slovak Personal Accident and Health Insurance – Agencies’ Value of Commission (EUR Million), 2014–2019 
Figure 70: Slovak Personal Accident and Health Insurance – Agencies’ Direct Written Premium (EUR Million), 2010–2014 
Figure 71: Slovak Personal Accident and Health Insurance – Agencies’ Direct Written Premium (EUR Million), 2014–2019 
Figure 72: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Agencies (Thousand), 2010–2014 
Figure 73: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Agencies (Thousand), 2014–2019 
Figure 74: Slovak Personal Accident and Health Insurance – Brokers’ Value of Commission (EUR Million), 2010–2014 
Figure 75: Slovak Personal Accident and Health Insurance – Brokers’ Value of Commission (EUR Million), 2014–2019 
Figure 76: Slovak Personal Accident and Health Insurance – Brokers’ Direct Written Premium (EUR Million), 2010–2014 
Figure 77: Slovak Personal Accident and Health Insurance – Brokers’ Direct Written Premium (EUR Million), 2014–2019 
Figure 78: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Brokers (Thousand), 2010–2014 
Figure 79: Slovak Personal Accident and Health Insurance – Number of Policies Sold Through Brokers (Thousand), 2014–2019 
Figure 80: Slovakia – Insurance Regulatory Framework 
Figure 81: Slovakia – The Three Pillars of Solvency II 
Figure 82: Slovakia – Insurance Supervision and Control at Various Levels 
Figure 83: Slovakia – Insurance Regulatory Frameworks for Company Registration and Operation

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