Life Insurance in Slovenia, Key Trends and Opportunities to 2020

  • ID: 4391310
  • Report
  • Region: Slovenia
  • 118 pages
  • Timetric
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FEATURED COMPANIES

  • Adriatic Slovenica
  • Generali zavarovalnica
  • Grawe zavarovalnica
  • Merkur zavarovalnica
  • Modra zavarovalnica
  • NLB Vita
  • MORE
The 'Life Insurance in Slovenia, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Slovenian life 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, 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 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

The 'Life Insurance in Slovenia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Slovenian life insurance segment, including:
  • An overview of the Slovenian life insurance segment
  • The Slovenian life insurance segment’s growth prospects by category
  • A comprehensive overview of the Slovenian economy and demographics
  • A comparison of the Slovenian life insurance segment with its regional counterparts
  • The various distribution channels in the Slovenian life insurance segment
  • Details of the competitive landscape in the life insurance segment in Slovenia
  • Details of regulatory policy applicable to the Slovenian insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Slovenia:
  • It provides historical values for the Slovenian life 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 life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Slovenian life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Slovenia.
  • It profiles the top life 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 life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Slovenian life insurance segment.
  • Assess the competitive dynamics in the life 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 life segment is highly concentrated, with the 10 leading insurers accounting for 99.4% of the segment’s gross written premium in 2015.
  • The implementation of Solvency II in 2016 is likely to lead to further consolidation in the segment.
  • The Slovenian life insurance penetration decreased from 1.62% in 2011 to 1.47% in 2015.
  • The life segment’s distribution network was led by agencies in 2015, followed by bancassurance and brokers.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Adriatic Slovenica
  • Generali zavarovalnica
  • Grawe zavarovalnica
  • Merkur zavarovalnica
  • Modra zavarovalnica
  • NLB Vita
  • MORE
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 Assets and investments
5 Outlook by Sub-Segment
5.1 Individual Life Insurance
5.1.1 Premium
5.1.2 Policies sold
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
7 Competitive Landscape
7.1 Overview
7.2 Company Profiles
7.2.1 Zavarovalnica Triglav DD - company overview
7.2.2 Zavarovalnica Maribor DD - company overview
7.2.3 NLB Vita DD - company overview
7.2.4 Adriatic Slovenica - company overview
7.2.5 Merkur Zvarovalnica - 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
9.5 Insurance Brokers and Agencies
9.6 Bancassurance and Other Distribution Channels
9.7 Individual Life Insurance
9.8 Individual Life Insurance by Product
9.9 Linked vs Non-Linked Policies
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About
11.1 Contact Timetric
11.2 About
11.3 Services
11.4 Disclaimer

List of Tables
Table 1: Slovenian Life Insurance - Key Facts, 2015
Table 2: Slovenian Life Insurance - Segment Shares (%) of the Top Insurers, 2015
Table 3: Slovenian Government Credit Ratings
Table 4: Slovenian Life Insurance - Gross Written Premium (EUR Million and US$ Million), 2011-2015
Table 5: Slovenian Life Insurance - Penetration (%), 2011-2015
Table 6: Slovenian Life Insurance - Gross Written Premium (EUR Million and US$ Million), 2015-2020
Table 7: Slovenian Life Insurance - Penetration (%), 2015-2020
Table 8: Slovenian Life Insurance - New Business Direct Written Premium (EUR Million and US$ Million), 2011-2015
Table 9: Slovenian Life Insurance - New Business Direct Written Premium (EUR Million and US$ Million), 2015-2020
Table 10: Slovenian Life Insurance - Premium per Capita (EUR and US$), 2011-2015
Table 11: Slovenian Life Insurance - Premium per Capita (EUR and US$), 2015-2020
Table 12: Slovenian Life Insurance - Number of Policies Sold (Million), 2011-2015
Table 13: Slovenian Life Insurance - Number of Policies Sold (Million), 2015-2020
Table 14: Slovenian Life Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
Table 15: Slovenian Life Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
Table 16: Slovenian Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
Table 17: Slovenian Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
Table 18: Slovenian Life Insurance - Total Investment Income (EUR Million and US$ Million), 2011-2015
Table 19: Slovenian Life Insurance - Total Investment Income (EUR Million and US$ Million), 2015-2020
Table 20: Slovenian Life Insurance - Investment Portfolio (EUR Billion), 2011-2015
Table 21: Slovenian Life Insurance - Investment Portfolio (EUR Billion), 2015-2020
Table 22: Slovenian Individual Life Insurance - Gross Written Premium by Category (EUR Million), 2011-2015
Table 23: Slovenian Individual Life Insurance - Gross Written Premium by Category (EUR Million), 2015-2020
Table 24: Slovenian Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2011-2015
Table 25: Slovenian Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2015-2020
Table 26: Slovenian Life Insurance - New Business Direct Written Premium by Distribution Channel (EUR Million), 2011-2015
Table 27: Slovenian Life Insurance - New Business Direct Written Premium by Distribution Channel (EUR Million), 2015-2020
Table 28: Slovenian Life Insurance - Percentage of New Business Direct Written Premium, by Distribution Channel, 2011-2020
Table 29: Slovenian Life Segment - Market Shares of Leading Insurers (%), 2015
Table 30: Zavarovalnica Triglav DD - Key Facts
Table 31: Zavarovalnica Triglav DD - Key Financials (EUR Million), 2011-2015
Table 32: Zavarovalnica Maribor DD - Key Facts
Table 33: Zavarovalnica Maribor DD - Key Financials (EUR Million), 2011-2015
Table 34: NLB Vita DD - Key Facts
Table 35: NLB Vita DD - Key Financials (EUR Million), 2013-2015
Table 36: Adriatic Slovenica - Key Facts
Table 37: Adriatic Slovenica - Key Financials (EUR Million), 2011-2015
Table 38: Merkur Zavarovalnica - Key Facts
Table 39: Merkur Zavarovalnica - Key Financials (EUR Million), 2011-2015
Table 40: Slovenia - Insurance Regulatory Framework Key Features
Table 41: Slovenia - Life Insurance Regulatory Framework
Table 42: Slovenia - Property Insurance Regulatory Framework
Table 43: Slovenia - Motor Insurance Regulatory Framework
Table 44: Slovenia - Liability Insurance Regulatory Framework
Table 45:Slovenia - Liability Limits for Third-Party Death and Physical Injury
Table 46: Slovenia - Liability Limits for Other Claims
Table 47: Slovenia - Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
Table 48: Slovenia - Corporate Tax Rates for the Financial Year 2017
Table 49: Slovenian Life Insurance - Policies and Premium, 2011-2015
Table 50: Slovenian Life Insurance - Policies and Premium, 2015-2020
Table 51: Slovenian Life Insurance - Claims and Expenses, 2011-2015
Table 52: Slovenian Life Insurance - Claims and Expenses, 2015-2020
Table 53: Slovenian Life Insurance - Assets and Investments, 2011-2015
Table 54: Slovenian Life Insurance - Assets and Investments, 2015-2020
Table 55: Slovenian Life Insurance - Direct Marketing, 2011-2015
Table 56: Slovenian Life Insurance - Direct Marketing, 2015-2020
Table 57: Slovenian Life Insurance - Insurance Brokers and Agencies, 2011-2015
Table 58: Slovenian Life Insurance - Insurance Brokers and Agencies, 2015-2020
Table 59: Slovenian Life Insurance - Insurance Brokers and Agencies, 2011-2015
Table 60: Slovenian Life Insurance - Insurance Brokers and Agencies, 2015-2020
Table 61: Slovenian Life Insurance - Individual Life Insurance, 2011-2015
Table 62: Slovenian Life Insurance - Individual Life Insurance, 2015-2020
Table 63: Slovenian Life Insurance - Individual Life Insurance by Product, 2011-2015
Table 64: Slovenian Life Insurance - Individual Life Insurance by Product, 2015-2020
Table 65: Slovenian Life Insurance - Linked vs Non-Linked Policies, 2011-2015
Table 66: Slovenian Life Insurance - Linked vs Non-Linked Policies, 2015-2020
Table 67: Insurance Industry Definitions

List of Figures
Figure 1: Slovenian Real GDP (EUR Billion), 2011-2020
Figure 2: Slovenian Consumer Price Inflation (%), 2011-2020
Figure 3: Slovenian Current Account Balance as Percentage of GDP (%), 2011-2020
Figure 4: Slovenian Unemployment Rate, 2011-2020
Figure 5: Slovenian Population by Age Group, 1990-2025
Figure 6: Slovenian Life Insurance Penetration - Regional Comparison (%), 2015
Figure 7: Slovenian Insurance Direct Written Premium Shares by Segment - Regional Comparison (%), 2015
Figure 8: Slovenian Life Insurance - Gross Written Premium (EUR Million), 2011-2020
Figure 9: Slovenian Life Insurance - Penetration (%), 2011-2020
Figure 10: Slovenian Life Insurance - New Business Direct Written Premium (EUR Million), 2011-2020
Figure 11: Slovenian Life Insurance - Premium per Capita (EUR), 2011-2020
Figure 12: Slovenian Life Insurance - Number of Policies Sold (Million), 2011-2020
Figure 13: Slovenian Life Insurance - Paid Claims (EUR Million), 2011-2020
Figure 14: Slovenian Life Insurance - Total Assets (EUR Billion), 2011-2020
Figure 15: Slovenian Life Insurance - Total Investment Income (EUR Million), 2011-2020
Figure 16: Slovenian Life Insurance - Investment Portfolio (EUR Billion), 2011-2020
Figure 17: Slovenian Life Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 18: Slovenian Individual Life Insurance - Gross Written Premium by Category (EUR Million), 2011-2020
Figure 19: Slovenian Individual Life Insurance - Gross Written Premium Share by Category, 2011-2020
Figure 20: Slovenian Individual Life Insurance - Gross Written Premium Dynamics by Category, 2011-2020
Figure 21: Slovenian Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2011-2020
Figure 22: Slovenian Life Insurance - New Business Direct Written Premium by Distribution Channel (%), 2011, 2015 and 2020
Figure 23: Slovenian Life Segment - Market Shares of Leading Insurers (%), 2015
Figure 24: Slovenia - The Three Pillars of Solvency II
Figure 25: Slovenia - Insurance Supervision and Control at Various Levels
Figure 26: Slovenia - Insurance Regulatory Frameworks for Company Registration and Operation
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  • Zavarovalnica Triglav
  • Zavarovalnica Maribor
  • NLB Vita
  • Adriatic Slovenica
  • Merkur zavarovalnica
  • Prva osebna zavarovalnica
  • Generali zavarovalnica
  • Modra zavarovalnica
  • Grawe zavarovalnica
  • Zavarovalnica Tilia
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