Personal Accident and Health Insurance in Slovakia, Key Trends and Opportunities to 2017

Published: May, 2014 | Pages: 217 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Slovak personal accident and health insurance segment, including:
The Slovak personal accident and health insurance segment's growth prospects by insurance categories 
Key trends and drivers for the personal accident and health insurance segment 
The various distribution channels in the Slovak personal accident and health insurance segment
The detailed competitive landscape in the personal accident and health insurance segment in Slovakia
Detailed regulatory policies of the Slovak insurance industry
A description of the personal accident and health reinsurance segment in Slovakia
Porter's Five Forces analysis of the personal accident and health insurance segment
A benchmarking section on the Slovak life insurance segment in comparison with other countries in the Central and Eastern European region 

Summary
The personal accident and health segment is the smallest in the Slovak insurance industry, accounting for 2.9% of the gross written premium in 2012. Slovak health insurance is currently in a period of uncertainty, as the current government intends to nationalize private insurers involved in public health insurance, although this is being contested by private insurers. Healthcare is dominated by faculty and university hospitals, which are state-owned and provide a complete range of healthcare services. They are also known for the provision of specialized medical services, and are the main collaborators with the three health insurers. There are also smaller public hospitals in the state, which are managed by regional administrations, but are not fully supported by the state. 
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Slovakia:
It provides historical values for the Slovak personal accident and health insurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.
It offers a detailed analysis of the key sub-segments in Slovak personal accident and health insurance segment, along with market forecasts until 2017.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
It analyses the various distribution channels for personal accident and health insurance products in Slovakia.
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Slovakia for the personal accident and health insurance segment.
It provides a detailed analysis of the reinsurance segment in Slovakia and its growth prospects.
It profiles the top personal accident and health insurance companies in Slovakia and outlines the key regulations affecting them. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Slovak personal accident and health insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Slovak personal accident and health insurance segment
Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Slovak insurance segment and its impact on companies and the market's future 
Key Highlights
 The personal accident and health segment is the smallest in the Slovak insurance industry, accounting for 2.9% of the gross written premium in 2012.
Slovak health insurance is currently in a period of uncertainty, as the current government intends to nationalize private insurers involved in public health insurance.
Private healthcare providers have a limited presence in the country, operating in niche areas such as one-day surgeries, medical services not involving hospital treatment, and caring for the aged.
In terms of the gross written premium generated through new business, direct marketing followed agencies as the second-largest channel in 2012.
The Slovak personal accident and health insurance segment consists of both domestic and foreign insurers. As of 2012, 23 companies were licensed to conduct insurance business in the country.

 1 Executive Summary
2 Introduction
2.1 What is This Report About?
2.2 Definitions
2.3 Methodology
3 Regiol Market Dymics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Persol Accident and Health Insurance - Regiol Benchmarking
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Persol accident and health insurance penetration
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 E-commerce
4.4.3 Brokers
4.4.4 Bancassurance
4.4.5 Agencies
5 Slovak Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
5.3 Challenges
5.4 Recent Market Developments
6 Persol Accident and Health Insurance Segment Outlook
6.1 Customer Segmentation and Buying Behavior
6.2 Product and Marketing Strategies
6.3 Persol Accident and Health Insurance Growth Prospects by Category
6.3.1 Persol accident insurance
6.3.2 Travel insurance
6.3.3 Health insurance
7 Alysis by Distribution Channels
7.1 Direct Marketing
7.2 Agencies
7.3 E-commerce
7.4 Brokers
8 Porter's Five Forces Alysis - Slovak Persol Accident and Health Insurance
8.1 Bargaining Power of Suppliers: Low
8.2 Bargaining Power of Buyers: Low
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: Medium
8.5 Threat of Substitutes: Low
9 Reinsurance Segment Outlook
9.1 Reinsurance Segment Size, 2008-2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
10 Governce, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurance
10.2.1 Life insurance
10.2.2 Property insurance
10.2.3 Motor insurance
10.2.4 Marine, aviation and transit insurance
10.2.5 Persol accident and health insurance
10.3 Compulsory Insurance
10.3.1 Motor vehicle third-party liability insurance
10.3.2 Air carriers and aircraft liability insurance
10.3.3 Social insurance system
10.4 Supervision and Control
10.4.1 Intertiol Association of Insurance Supervisors (IAIS)
10.4.2 European Insurance and Occupatiol Pensions Authority (EIOPA)
10.4.3 tiol Bank of Slovakia
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and pelties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding taxes on premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Altertive dispute resolution (ADR)
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Key Companies in the Slovak Persol Accident and Health Insurance Segment
11.3 Dovera Zdravot Poist'ov?a - Company Overview
11.3.1 Dovera Zdravot Poist'ov?a - key facts
11.4 Allianz-Slovenska pois?ov?a, AS - Company Overview
11.4.1 Allianz-Slovenska pois?ov?a, AS - key facts
11.5 Kooperativa pois?ov?a, AS, VIG - Company Overview
11.5.1 Kooperativa pois?ov?a, AS, VIG - key facts
11.6 Uniqa pois?ov?a, AS - Company Overview
11.6.1 Uniqa pois?ov?a, AS - key facts
11.7 Union pois?ov?a, AS - Company Overview
11.7.1 Union pois?ov?a, AS - key facts
11.8 Pois?ov?a Cardif Slovakia, AS - Company Overview
11.8.1 Pois?ov?a Cardif Slovakia, AS - key facts
12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - Bratislava Stock Exchange
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices, as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices, as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP
12.2.12 Construction net output at current prices (US$)
12.2.13 Construction net output at current prices, as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Merchandise exports growth
12.2.18 Merchandise imports growth
12.2.19 Annual average exchange rate EUR-US$
12.3 Infrastructure
12.3.1 Commercial vehicle exports - total value
12.3.2 Commercial vehicle imports - total value
12.3.3 Automotive exports - total value
12.3.4 Automotive imports - total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross tiol disposable income (US$)
12.5.2 Household consumption expenditure (US$)
12.5.3 Total population
12.5.4 Urban and rural populations
12.5.5 Age distribution of the total population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric's Services
13.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Slovak Insurance - Overall Written Premium by Segment (EUR Million), 2008-2012
Table 3: Slovak Insurance - Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Slovak Insurance - Overall Written Premium by Segment (EUR Million), 2012-2017
Table 5: Slovak Insurance - Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Slovak Insurance - Segmentation (% Share), 2008-2017
Table 7: Slovak Persol Accident and Health Insurance - Written Premium by Category (EUR Million), 2008-2012
Table 8: Slovak Persol Accident and Health Insurance - Written Premium by Category (US$ Million), 2008-2012
Table 9: Slovak Persol Accident and Health Insurance - Written Premium by Category (EUR Million), 2012-2017
Table 10: Slovak Persol Accident and Health Insurance - Written Premium by Category (US$ Million), 2012-2017
Table 11: Slovak Persol Accident and Health Insurance - Earned Premium (EUR Million), 2008-2012
Table 12: Slovak Persol Accident and Health Insurance - Earned Premium (EUR Million), 2012-2017
Table 13: Slovak Persol Accident and Health Insurance - Paid Claims by Category (EUR Million), 2008-2012
Table 14: Slovak Persol Accident and Health Insurance - Paid Claims by Category (US$ Million), 2008-2012
Table 15: Slovak Persol Accident and Health Insurance - Paid Claims by Category (EUR Million), 2012-2017
Table 16: Slovak Persol Accident and Health Insurance - Paid Claims by Category (US$ Million), 2012-2017
Table 17: Slovak Persol Accident and Health Insurance - Incurred Loss by Category (EUR Million), 2008-2012
Table 18: Slovak Persol Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2008-2012
Table 19: Slovak Persol Accident and Health Insurance - Incurred Loss by Category (EUR Million), 2012-2017
Table 20: Slovak Persol Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2012-2017
Table 21: Slovak Persol Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 22: Slovak Persol Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 23: Slovak Persol Accident and Health Insurance - Commission and Expenses (EUR Million), 2008-2012
Table 24: Slovak Persol Accident and Health Insurance - Commission and Expenses (EUR Million), 2012-2017
Table 25: Slovak Persol Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 26: Slovak Persol Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 27: Slovak Persol Accident and Health Insurance - Frauds and Crimes (EUR Million), 2008-2012
Table 28: Slovak Persol Accident and Health Insurance - Frauds and Crimes (EUR Million), 2012-2017
Table 29: Slovak Persol Accident and Health Insurance - Total Assets (EUR Million), 2008-2012
Table 30: Slovak Persol Accident and Health Insurance - Total Assets (EUR Million), 2012-2017
Table 31: Slovak Persol Accident and Health Insurance - Total Investment Income (EUR Million), 2008-2012
Table 32: Slovak Persol Accident and Health Insurance - Total Investment Income (EUR Million), 2012-2017
Table 33: Slovak Persol Accident and Health Insurance - Retentions (EUR Million), 2008-2012
Table 34: Slovak Persol Accident and Health Insurance - Retentions (EUR Million), 2012-2017
Table 35: Slovak Persol Accident Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 36: Slovak Persol Accident Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 37: Slovak Persol Accident Insurance - Written Premium (EUR Million), 2008-2012
Table 38: Slovak Persol Accident Insurance - Written Premium (EUR Million), 2012-2017
Table 39: Slovak Persol Accident Insurance - Loss Ratio (%), 2008-2012
Table 40: Slovak Persol Accident Insurance - Loss Ratio (%), 2012-2017
Table 41: Slovak Travel Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 42: Slovak Travel Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 43: Slovak Travel Insurance - Written Premium (EUR Million), 2008-2012
Table 44: Slovak Travel Insurance - Written Premium (EUR Million), 2012-2017
Table 45: Slovak Travel Insurance - Loss Ratio (%), 2008-2012
Table 46: Slovak Travel Insurance - Loss Ratio (%), 2012-2017
Table 47: Slovak Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 48: Slovak Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 49: Slovak Health Insurance - Written Premium (EUR Million), 2008-2012
Table 50: Slovak Health Insurance - Written Premium (EUR Million), 2012-2017
Table 51: Slovak Health Insurance - Loss Ratio (%), 2008-2012
Table 52: Slovak Health Insurance - Loss Ratio (%), 2012-2017
Table 53: Slovak Persol Accident and Health Insurance - Direct Marketing Commission Paid (EUR Million), 2008-2012
Table 54: Slovak Persol Accident and Health Insurance - Direct Marketing Commission Paid (EUR Million), 2012-2017
Table 55: Slovak Persol Accident and Health Insurance - Written Premium Through Direct Marketing (EUR Million), 2008-2012
Table 56: Slovak Persol Accident and Health Insurance - Written Premium Through Direct Marketing (EUR Million), 2012-2017
Table 57: Slovak Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 58: Slovak Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 59: Slovak Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 60: Slovak Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 61: Slovak Persol Accident and Health Insurance - Commission Paid to Agencies (EUR Million), 2008-2012
Table 62: Slovak Persol Accident and Health Insurance - Commission Paid to Agencies (EUR Million), 2012-2017
Table 63: Slovak Persol Accident and Health Insurance - Written Premium Through Agencies (EUR Million), 2008-2012
Table 64: Slovak Persol Accident and Health Insurance - Written Premium Through Agencies (EUR Million), 2012-2017
Table 65: Slovak Persol Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2008-2012
Table 66: Slovak Persol Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2012-2017
Table 67: Slovak Persol Accident and Health Insurance - Number of Agencies, 2008-2012
Table 68: Slovak Persol Accident and Health Insurance - Number of Agencies, 2012-2017
Table 69: Slovak Persol Accident and Health Insurance - E-Commerce Commission Paid (EUR), 2008-2012
Table 70: Slovak Persol Accident and Health Insurance - E-Commerce Commission Paid (EUR), 2012-2017
Table 71: Slovak Persol Accident and Health Insurance - Written Premium Through E-Commerce (EUR), 2008-2012
Table 72: Slovak Persol Accident and Health Insurance - Written Premium Through E-Commerce (EUR), 2012-2017
Table 73: Slovak Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 74: Slovak Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 75: Slovak Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2008-2012
Table 76: Slovak Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2012-2017
Table 77: Slovak Persol Accident and Health Insurance - Commission Paid to Brokers (EUR Million), 2008-2012
Table 78: Slovak Persol Accident and Health Insurance - Commission Paid to Brokers (EUR), 2012-2017
Table 79: Slovak Persol Accident and Health Insurance - Written Premium Through Brokers (EUR Million), 2008-2012
Table 80: Slovak Persol Accident and Health Insurance - Written Premium Through Brokers (EUR Million), 2012-2017
Table 81: Slovak Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2008-2012
Table 82: Slovak Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2012-2017
Table 83: Slovak Persol Accident and Health Insurance - Number of Brokers, 2008-2012
Table 84: Slovak Persol Accident and Health Insurance - Number of Brokers, 2012-2017
Table 85: Reinsurance in Slovakia by Category (EUR Million), 2008-2012
Table 86: Reinsurance in Slovakia by Category (US$ Million), 2008-2012
Table 87: Reinsurance in Slovakia by Category (EUR Million), 2012-2017
Table 88: Reinsurance in Slovakia by Category (US$ Million), 2012-2017
Table 89: Slovak Premium Ceded to Reinsurance by Type of Insurance (EUR Million), 2008-2012
Table 90: Slovak Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008-2012
Table 91: Slovak Premium Ceded to Reinsurance by Type of Insurance (EUR Million), 2012-2017
Table 92: Slovak Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012-2017
Table 93: Slovak Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 94: Slovak Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 95: Slovakia - Life Insurance Regulatory Framework
Table 96: Slovakia - Property Insurance Regulatory Framework
Table 97: Slovakia - Motor Insurance Regulatory Framework
Table 98: Slovakia - Minimum Coverage for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 99: Slovakia - Authorization Fee of Insurance and Reinsurance Companies
Table 100: Slovakia - Corporate Tax Rates for the Fincial Year 2013
Table 101: Key Insurers in the Slovak Persol Accident and Health Insurance Segment, 2012
Table 102: Dovera Zdravot Poist'ov?a, Key Facts
Table 103: Allianz-Slovensk� pois?ov?a, AS, Key Facts
Table 104: Kooperativa pois?ov?a, AS, VIG, Key Facts
Table 105: Uniqa pois?ov?a, AS, Key Facts
Table 106: Union pois?ov?a, AS, VIG, Key Facts
Table 107: Pois?ov?a Cardif Slovakia, AS, Key Facts