Reinsurance in Slovenia, Key Trends and Opportunities to 2017

Published: May, 2014 | Pages: 71 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in-depth market analysis, information and insights into the Slovenian reinsurance segment, including:
The Slovenian reinsurance segment's growth prospects by reinsurance categories 
Key trends and drivers for the reinsurance segment 
The Slovenian reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the Slovenian reinsurance segment  

Summary
The written premium of the Slovenian reinsurance segment increased at a review-period CAGR of 2.7%. Facultative reinsurance was the leading type in Slovenia, supported by insurers' high risk awareness and risk-management techniques. Over the forecast period, with demand for reinsurance high, insurers are expected to cede premiums to both foreign and domestic reinsurers. In addition, as Solvency II directives are expected to be implemented in 2016, the increased capital adequacy requirements are further expected to support demand for reinsurance in Slovenia. Over the forecast period, the reinsurance segment is projected to post a forecast-period CAGR of 4.9%. 
Scope
This report provides a comprehensive analysis of the reinsurance segment in Slovenia:
It provides historical values for Slovenia's reinsurance 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 Slovenia's reinsurance segment, along with market forecasts until 2017.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Slovenia and its growth prospects. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Slovenian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Slovenian reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Slovenian insurance industry and its impact on companies and the market's future 
Key Highlights
 Facultative reinsurance was the leading type in Slovenia, supported by insurers' high risk awareness and risk-management techniques.
After the adoption of the euro as its currency, the country's economy grew rapidly; however, the growth was driven by an increase in debt.
Slovenia's unemployment rate more than doubled during the review period, from 4.4% in 2008 to 8.9% in 2012, as a direct consequence of the recession. 
Slovenian insurers and reinsurers typically maintain high levels of risk management. Insurers cede premiums to both foreign and domestic reinsurers in order to diversify risk.
Although there were no major natural disasters in the country in 2012, the November floods led to increased claims for non-life insurers.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Slovenian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008-2017
4 Reinsurance Growth Dymics and Challenges
4.1 Reinsurance Segment Size, 2008-2017
4.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Segment Drivers
5.3 Non-Life Insurance Segment Drivers
5.4 Persol Accident and Health Insurance Segment Drivers
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Triglav Re - Company Overview
6.2.1 Triglav Re - key facts
6.3 Sava Reinsurance Company d.d. - Company Overview
6.3.1 Sava Reinsurance Company d.d. - key facts
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Ljublja Stock Exchange, Slovenia
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key segments
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
7.2.12 Construction net output at current prices, (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Merchandise exports growth
7.2.18 Merchandise imports growth
7.2.19 Annual average exchange rate EUR-US$
7.3 Infrastructure
7.3.1 Commercial vehicle exports - total value
7.3.2 Commercial vehicle imports - total value
7.3.3 Automotive exports - total value
7.3.4 Automotive imports - total value
7.3.5 Total internet subscribers
7.4 Labor Force
7.4.1 Labor force
7.4.2 Unemployment rate
7.5 Demographics
7.5.1 Gross tiol disposable income (US$)
7.5.2 Household consumption expenditure (US$)
7.5.3 Total population
7.5.4 Urban and rural populations
7.5.5 Age distribution of the total population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Slovenian Insurance - Overall Written Premium by Segment (EUR Million), 2008-2012
Table 3: Slovenian Insurance - Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Slovenian Insurance - Overall Written Premium by Segment (EUR Million), 2012-2017
Table 5: Slovenian Insurance - Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Slovenian Insurance - Segmentation (% Share), 2008-2017
Table 7: Reinsurance in Slovenia by Category (EUR Million), 2008-2012
Table 8: Reinsurance in Slovenia by Category (US$ Million), 2008-2012
Table 9: Reinsurance in Slovenia by Category (EUR Million), 2012-2017
Table 10: Reinsurance in Slovenia by Category (US$ Million), 2012-2017
Table 11: Slovenian Premium Ceded to Reinsurance by Type of Insurance (EUR Million), 2008-2012
Table 12: Slovenian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008-2012
Table 13: Slovenian Premium Ceded to Reinsurance by Type of Insurance (EUR Million), 2012-2017
Table 14: Slovenian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012-2017
Table 15: Slovenian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 16: Slovenian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 17: Slovenian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 18: Slovenian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 19: Slovenian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 20: Slovenian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 21: Triglav Re, Key Facts
Table 22: Sava Reinsurance Company d.d., Key Facts