2013-09-16 09:08:52 - Fast Market Research recommends "Slovenia Insurance Report Q4 2013" from Business Monitor International, now available
In spite of a probable improvement in life premiums through H113, the overall prospects for growth in Slovenia's insurance sector over the medium term are fairly uninspiring. Nevertheless, there may be opportunities for particular players from changes to the competitive landscape as forced sellers leave the market place.
Key Insights And Key Risks
The Slovenia Insurance Report considers the prospects for both life and non-life insurers in that country. Traditionally, the insurance sector has been one of the most stable, resilient and mature in Central and Eastern Europe. As of mid-2013, though, BMI would highlight that major changes are likely in the coming six months. Most are positive.
We would be surprised and disappointed if conditions did not improve significantly for the country's
life insurance segment. According to the insurers' trade association, life premiums in the 2012 were 9% lower than they had been in 2011. A major challenge has been the volatility of financial markets in the euro area which, in turn, has had an impact on sales of unit-linked products. However, markets appear to have stabilised, thanks in part to the announcement of the European Central Bank in September last year that it is prepared to undertake Open Market Transactions and the more recent resolution of the crisis in Cyprus.
Full Report Details at
- www.fastmr.com/prod/684695_slovenia_insurance_report_q4_2013.asp ..
Another key development is Nova KBM's sale of its 51% stake in Zavarovalnica Maribor to Sava Re and SOD. After Triglav, the (still majority) state-owned former monopoly, Maribor is the second-largest (composite) local insurer. Nova KBM was looking to sell mainly because it is keen to boost its overall capital, in line with the recommendations of the European Banking Authority. In 2011, Maribor accounted for just over one-eighth of the premiums written in each of the life and the non-life segments. KD Group has announced a major reorganisation, and it clearly looking to expand the footprint of its insurance operations Adriatic Slovenica and KD Life outside Slovenia. Meanwhile, Triglav's management is taking a number of steps to boost profitability.
Meanwhile, premiums and profits in the non-life segment appear to have held up well in the non-life segment, in spite of a difficult economic environment and, for some players, storm-related losses. Health premiums remain an area of growth.
Report Table of Contents:
BMI Industry View
- Table: Total Premiums, 2010-2017
- Business Environment
- Table: Total Life Premiums, 2010-2017
- Non Life
- Table: Total Non-Life Premiums, 2010-2017
Industry Risk Reward Ratings
- Central and Eastern European Risk/Reward Ratings
- Table: Europe Risk/Reward Ratings
- Slovenia Insurance Risk/Reward Ratings
- Table: Slovenia's Insurance Risk/Reward Rating
- Life Sector Update
- Non Life Sector Update
Industry Trends And Developments
- Life Growth Drivers And Risk Management Projections
- Table: Insurance Key Drivers, Demographics, 2010-2017
- Non Life Growth Drivers And Risk Management Projections
- Macroeconomic Outlook
- Table: Slovenia - Economic Activity
- Political Stability Outlook
- Table: Europe Regional Security Ratings (scores out of 100, with 100 the best)
- Healthcare Sector
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Table: Insurance Key Drivers, Autos 2010-2017
- Slovenia Competitive Landscape
- Central And Eastern Europe Competitive Landscape
- UNIQA Group
- Vienna Insurance Group
- Zavarovalnica Triglav
- Central And Eastern Europe Non Life Sector Overview
- Table: Central And Eastern European Non-Life Premiums, 2010-2017 (US$mn)
- Central And Eastern Europe Life Sector Overview
- Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn)
- Table: Slovenia's Population By Age Group, 1990-2020, 1990-2020 ('000)
- Table: Slovenia's Population By Age Group, 1990-2020 (% of total)
- Table: Slovenia's Key Population Ratios, 1990-2020
- Table: Slovenia's Rural And Urban Population, 1990-2020
- Insurance Risk/Reward Ratings
- Table: Insurance Risk/Reward Ratings Indicators And Rationale
- Table: Weighting Of Indicators
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.