Non-Life Insurance in Slovenia, Key Trends and Opportunities to 2020

Published: Aug, 2017 | Pages: 144 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Non-Life Insurance in Slovenia, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Slovenian non-life insurance segment, and a comparison of the Slovenian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Slovenian economy and demographics, explains the various types of natural hazard and their impact on the Slovenian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Summary

Timetric's 'Non-Life Insurance in Slovenia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Slovenian non-life insurance segment, including:

• The Slovenian non-life segment's detailed outlook by product category

• A comprehensive overview of the Slovenian economy and demographics

• A comparison of the Slovenian non-life insurance segment with its regional counterparts

• The various distribution channels in the Slovenian non-life insurance segment

• Detailed analysis of natural hazards and their impact on the Slovenian insurance industry

• Details of the competitive landscape in the non-life insurance segment in Slovenia

• Details of regulatory policy applicable to the Slovenian insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Slovenia:

• It provides historical values for the Slovenian non-life insurance segment for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

• It offers a detailed analysis of the key categories in the Slovenian non-life insurance segment, and market forecasts to 2020.

• It provides a comparison of the Slovenian non-life insurance segment with its regional counterparts

• It analyzes the various distribution channels for non-life insurance products in Slovenia.

• It analyzes various natural hazards and their impact on the Slovenian insurance industry

• It profiles the top non-life insurance companies in Slovenia, and outlines the key regulations affecting them.
Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Slovenian non-life insurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Slovenian non-life insurance segment.

• Assess the competitive dynamics in the non-life insurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Slovenian insurance industry, and their impact on companies and the industry's future.
Key Highlights

• Slovenia's non-life segment is highly concentrated, with the 10 leading insurers accounting for 99.9% of the segment's gross written premium in 2015.

• Motor insurance was the largest non-life category, accounting for 55.03% of the segment's gross written premium in 2015.

• The non-life insurance penetration decreased from 2.45% in 2011 to 2.10% in 2015. 

• Agencies and brokers were the most popular distribution channels for non-life insurers in Slovenia during the review period, collectively accounting for 90.54% of the direct written premium generated in 2015.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Policies sold
5.1.4 Claims
5.1.5 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Policies sold
5.2.4 Claims
5.2.5 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Policies sold
5.3.4 Claims
5.3.5 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Policies sold
5.4.4 Claims
5.4.5 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
6.1.1 Brokers
6.1.2 Agencies
6.1.3 Direct marketing
6.1.4 Bancassurance
6.1.5 E-commerce
7 Natural and Man-Made Hazards
7.1 Flooding
7.2 Storms
7.3 Exposure
8 Competitive Landscape
8.1 Company Profiles
8.1.1 Zavarovalnica Triglav - company overview
8.1.2 Zavarovalnica Maribor - company overview
8.1.3 Adriatic Slovenica - company overview
8.1.4 Zavarovalnica Tilia - company overview
8.1.5 Generali Zavarovalnica - company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Health insurance
9.4.2 Motor third-party liability insurance
9.4.3 Marine third-party liability insurance
9.4.4 Professional indemnity insurance for alternative investment fund managers
9.4.5 Professional indemnity insurance for insurance brokers
9.4.6 Air carriers and aircraft operators insurance
9.4.7 Liability for ships with respect to oil pollution
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 European Insurance and Occupational Pensions Authority
9.5.3 Federation of European Risk Management Associations
9.5.4 Insurance Supervision Agency
9.5.5 Slovenian Insurance Association
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and Penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution
10 Databook
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Direct Marketing and E-Commerce
10.5 Insurance Brokers and Agencies
10.6 Bancassurance and Other Distribution Channels
10.7 Property Insurance
10.8 Property Insurance by Product
10.9 Motor Insurance
10.1 Motor Insurance by Product
10.11 Liability Insurance
10.12 Marine, Aviation and Transit Insurance
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric's Services
12.4 Disclaimer

List of Tables
Table 1: Slovenian Non-Life Insurance - Key Facts, 2015
Table 2: Slovenian Non-Life Insurance - Segment Shares (%) of the Top Insurers, 2015
Table 3: Slovenian Government Credit Ratings
Table 4: Slovenian Non-Life Insurance - Gross Written Premium (EUR Million and US$ Million), 2011-2015
Table 5: Slovenian Non-Life Insurance - Penetration (%), 2011-2015
Table 6: Slovenian Non-Life Insurance - Gross Written Premium (EUR Million and US$ Million), 2015-2020
Table 7: Slovenian Non-Life Insurance - Penetration (%), 2015-2020
Table 8: Slovenian Non-Life Insurance - Premium per Capita (EUR and US$), 2011-2015
Table 9: Slovenian Non-Life Insurance - Premium per Capita (EUR and US$), 2015-2020
Table 10: Slovenian Non-Life Insurance - Number of Policies Sold (Million), 2011-2015
Table 11: Slovenian Non-Life Insurance - Number of Policies Sold (Million), 2015-2020
Table 12: Slovenian Non-Life Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
Table 13: Slovenian Non-Life Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
Table 14: Slovenian Non-Life Insurance - Profitability Ratio (%), 2011-2015
Table 15: Slovenian Non-Life Insurance - Profitability Ratio (%), 2015-2020
Table 16: Slovenian Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
Table 17: Slovenian Non-Life Insurance - Total Assets (EUR billion and US$ billion), 2015-2020
Table 18: Slovenian Non-Life Insurance - Total Investment Income (EUR Million and US$ Million), 2011-2015
Table 19: Slovenian Non-Life Insurance - Total Investment Income (EUR Million and US$ Million), 2015-2020
Table 20: Slovenian Non-Life Insurance - Investment Portfolio (EUR Million), 2011-2015
Table 21: Slovenian Non-Life Insurance - Investment Portfolio (EUR Million), 2015-2020
Table 22: Slovenian Property Insurance - Gross Written Premium by Sub-Category (EUR Million), 2011-2015
Table 23: Slovenian Property Insurance - Gross Written Premium by Sub-Category (EUR Million), 2015-2020
Table 24: Slovenian Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
Table 25: Slovenian Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
Table 26: Slovenian Property Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
Table 27: Slovenian Property Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
Table 28: Slovenian Property Insurance - Loss Ratio (%), 2011-2015
Table 29: Slovenian Property Insurance - Loss Ratio (%), 2015-2020
Table 30: Slovenian Motor Insurance - Vehicle Registration, 2011-2016
Table 31: Slovenian Motor Insurance - Gross Written Premium by Sub-Category (EUR Million), 2011-2015
Table 32: Slovenian Motor Insurance - Gross Written Premium by Sub-Category (EUR Million), 2015-2020
Table 33: Slovenian Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
Table 34: Slovenian Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
Table 35: Slovenian Motor Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
Table 36: Slovenian Motor Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
Table 37: Slovenian Motor Insurance - Loss Ratio (%), 2011-2015
Table 38: Slovenian Motor Insurance - Loss Ratio (%), 2015-2020
Table 39: Slovenian Liability Insurance - Gross Written Premium by Sub-Category (EUR Million), 2011-2015
Table 40: Slovenian Liability Insurance - Gross Written Premium by Sub-Category (EUR Million), 2015-2020
Table 41: Slovenian Liability Insurance - Number of Policies Sold (Thousand), 2011-2015
Table 42: Slovenian Liability Insurance - Number of Policies Sold (Thousand), 2015-2020
Table 43: Slovenian Liability Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
Table 44: Slovenian Liability Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
Table 45: Slovenian Liability Insurance - Loss Ratio (%), 2011-2015
Table 46: Slovenian Liability Insurance - Loss Ratio (%), 2015-2020
Table 47: Slovenian Transport Network - Global Rankings
Table 48: Slovenian Marine, Aviation and Transit Insurance - Gross Written Premium by Sub-Category (EUR Million), 2011-2015
Table 49: Slovenian Marine, Aviation and Transit Insurance - Gross Written Premium by Sub-Category (EUR Million), 2015-2020
Table 50: Slovenian Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
Table 51: Slovenian Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
Table 52: Slovenian Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
Table 53: Slovenian Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
Table 54: Slovenian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
Table 55: Slovenian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
Table 56: Slovenian Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Million), 2011-2015
Table 57: Slovenian Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Million), 2015-2020
Table 58: Slovenian Non-Life Insurance - Percentage of Direct Written Premium, by Distribution Channel, 2011-2020
Table 59: Slovenian Non-Life Segment - Market Shares of Leading Insurers (%), 2015
Table 60: Zavarovalnica Triglav - Key Facts
Table 61: Zavarovalnica Triglav - Key Financials (EUR Million), 2011-2015
Table 62: Zavarovalnica Maribor - Key Facts
Table 63: Zavarovalnica Maribor - Key Financials (EUR Million), 2011-2015
Table 64: Adriatic Slovenica - Key Facts
Table 65: Adriatic Slovenica - Key Financials (EUR Million), 2011-2015
Table 66: Zavarovalnica Tilia - Key Facts
Table 67: Zavarovalnica Tilia - Key Financials (EUR Million), 2011-2015
Table 68: Generali Zavarovalnica - Key Facts
Table 69: Generali Zavarovalnica - Key Financials (EUR Million), 2011-2015
Table 70: Slovenia - Insurance Regulatory Framework Key Features
Table 71: Slovenia - Life Insurance Regulatory Framework
Table 72: Slovenia - Property Insurance Regulatory Framework
Table 73: Slovenia - Motor Insurance Regulatory Framework
Table 74: Slovenia - Liability Insurance Regulatory Framework
Table 75:Slovenia - Liability Limits for Third-Party Death and Physical Injury
Table 76: Slovenia - Liability Limits for Other Claims
Table 77: Slovenia - Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
Table 78: Slovenia - Corporate Tax Rates for the Financial Year 2017
Table 79: Slovenian Non-Life Insurance - Policies and Premium, 2011-2015
Table 80: Slovenian Non-Life Insurance - Policies and Premium, 2015-2020
Table 81: Slovenian Non-Life Insurance - Claims and Expenses, 2011-2015
Table 82: Slovenian Non-Life Insurance - Claims and Expenses, 2015-2020
Table 83: Slovenian Non-Life Insurance - Assets and Investments, 2011-2015
Table 84: Slovenian Non-Life Insurance - Assets and Investments, 2015-2020
Table 85: Slovenian Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
Table 86: Slovenian Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
Table 87: Slovenian Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
Table 88: Slovenian Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
Table 89: Slovenian Non-Life Insurance - Bancassurance and Other Distribution Channels, 2011-2015
Table 90: Slovenian Non-Life Insurance - Bancassurance and Other Distribution Channels, 2015-2020
Table 91: Slovenian Non-Life Insurance - Property Insurance, 2011-2015
Table 92: Slovenian Non-Life Insurance - Property Insurance, 2015-2020
Table 93: Slovenian Non-Life Insurance - Property Insurance by Product, 2011-2015
Table 94: Slovenian Non-Life Insurance - Property Insurance by Product, 2015-2020
Table 95: Slovenian Non-Life Insurance - Motor Insurance, 2011-2015
Table 96: Slovenian Non-Life Insurance - Motor Insurance, 2015-2020
Table 97: Slovenian Non-Life Insurance - Motor Insurance by Product, 2011-2015
Table 98: Slovenian Non-Life Insurance - Motor Insurance by Product, 2015-2020
Table 99: Slovenian Non-Life Insurance - Liability Insurance, 2011-2015
Table 100: Slovenian Non-Life Insurance - Liability Insurance, 2015-2020
Table 101: Slovenian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
Table 102: Slovenian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
Table 103: Insurance Industry Definitions