Personal Accident and Health Insurance in Slovenia, Key Trends and Opportunities to 2020

Published: Aug, 2017 | Pages: 127 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Personal Accident and Health Insurance in Slovenia, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Slovenian personal accident and health insurance segment, and a comparison of the Slovenian insurance industry with its regional counterparts.

It provides 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, 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 'Personal Accident and Health Insurance in Slovenia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Slovenian personal accident and health insurance segment, including:

• An overview of the Slovenian personal accident and health insurance segment

• The Slovenian personal accident and health insurance segment's growth prospects by category

• A comprehensive overview of the Slovenian economy and demographics

• A comparison of the Slovenian personal accident and health insurance segment with its regional counterparts

• The various distribution channels in the Slovenian personal accident and health insurance segment

• Details of the competitive landscape in the personal accident and health insurance segment in Slovenia

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

This report provides a comprehensive analysis of the personal accident and health insurance segment in Slovenia:

• It provides historical values for the Slovenian personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.

• It provides a comparison of the Slovenian personal accident and health insurance segment with its regional counterparts

• It provides an overview of the various distribution channels for personal accident and health insurance products in Slovenia.

• It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Slovenian personal accident and health insurance segment.

• Assess the competitive dynamics in the personal accident and health 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 personal accident and health segment is concentrated, with the seven insurers accounting for 100.0% of the segment's gross written premium in 2015.

• Health insurance was the leading category, and accounted for 80.4% of the segment's gross written premium in 2015.

• In January 2017, the Slovenian Minister of Health proposed a new health reform which seeks to abolish voluntary complementary health insurance and introduce a new compulsory levy.

• The segment's penetration marginally increased from 1.5% in 2011 to 1.6% 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 Personal Accident Insurance
5.1.1 Premium
5.1.2 Policies
5.1.3 Claims
5.1.4 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Claims
5.2.4 Profitability
5.3 Travel Insurance
5.3.1 Premium
5.3.2 Policies
5.3.3 Claims
5.3.4 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
7 Competitive Landscape
7.1 Company Profiles
7.1.1 Vzajemna Zdravstvena Zavarovalnica DVZ - company overview
7.1.2 Triglav Zdraystvena Zavarovalnica - company overview
7.1.3 Adriatic Slovenica - company overview
7.1.4 Prva Osebna Zavarovalnica - company overview
7.1.5 Zavarovalnica Maribor - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
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 Health insurance
8.4.2 Motor third-party liability insurance
8.4.3 Marine third-party liability insurance
8.4.4 Professional indemnity insurance for alternative investment fund managers
8.4.5 Professional indemnity insurance for insurance brokers
8.4.6 Air carriers and aircraft operators insurance
8.4.7 Liability for ships with respect to oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 European Insurance and Occupational Pensions Authority
8.5.3 Federation of European Risk Management Associations
8.5.4 Insurance Supervision Agency
8.5.5 Slovenian Insurance Association
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 Type 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 margin
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
9 Databook
9.1 Policies and Premium
9.2 Claims and Expenses
9.3 Assets and Investments
9.4 Direct Marketing and E-Commerce
9.5 Insurance Brokers and Agencies
9.6 Bancassurance and Other Distribution Channels
9.7 Personal Accident Insurance
9.8 Health Insurance
9.9 Health Insurance by Product
9.1 Travel Insurance
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetric's Services
11.4 Disclaimer

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