Slovakia Insurance Report - Business Monitor International - Industry Reports

Slovakia Insurance Report

Slovakia Insurance Report - Business Monitor International - Industry Reports
Slovakia Insurance Report
Published Aug 13, 2016
70 pages — Published Aug 13, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

As household income in Slovakia steadily increases with annual average growth of - in ---------, we expect to see a concomitant rise in life insurance premiums. Over the long-term, the Slovak economy will move away from an export-led model of growth to one increasingly driven by private consumption. ...Higher income homes, earning between USD--,--- and USD--,---, should also grow substantially. A stable banking sector and relatively low private debt ratios imply that the recent uptick in credit expansion can continue (albeit not reaching pre-crisis levels), thereby providing a significant boon to life insurance spending. Growth should be supported in ---- with premiums rising -.- , although this is lower than the -.- growth in USD terms due to the changing EUR/USD exchange rate. ...Growth should be supported in ---- with premiums rising -.- , although this is lower than the -.- growth in USD terms due to the changing EUR/USD exchange rate.

...The main growth drivers for Slovakia s life insurance industry over the longer term will continue to be the increased spending power of its citizens and hence a move towards savings and investments. Slovakia has one of the highest rates of average savings growth in the region, which sets a solid base on which the life insurance industry can grow. ...The main growth drivers for Slovakia s life insurance industry over the longer term will continue to be the increased spending power of its citizens and hence a move towards savings and investments. Slovakia has one of the highest rates of average savings growth in the region, which sets a solid base on which the life insurance industry can grow. With a strengthening labour market and unemployment forecast to fall to around - by the start of the next decade, the outlook for the country s life insurance market appears quite positive; however, we caution that the level of penetration seen will depend on the ability of firms to continue to innovate and improve distribution in order to secure a bigger piece of the market. ...Slovakia has one of the highest rates of average savings growth in the region, which sets a solid base on which the life insurance industry can grow. With a strengthening labour market and unemployment forecast to fall to around - by the start of the next decade, the outlook for the country s life insurance market appears quite positive; however, we caution that the level of penetration seen will depend on the ability of firms to continue to innovate and improve distribution in order to secure a bigger piece of the market.

...Slovakia continues to update the regulatory environment surrounding health insurance. The finance ministry is reportedly considering introducing a new tax on dividends of -- , which would replace the -- health insurance payments which currently apply. ...

  
Source:
Document ID
1750-5755
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Slovakia Insurance Report" Aug 13, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Slovakia-Insurance-Report-2026-246>
  
APA:
Business Monitor International - Industry Reports. (2016). Slovakia Insurance Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Slovakia-Insurance-Report-2026-246>
  
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