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Life Insurance in Slovenia, Key Trends and Opportunities to 2020

Published: Aug, 2017 | Pages: 118 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's '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 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 '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.
 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 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 Timetric 11.1 Contact Timetric 11.2 About Timetric 11.3 Timetric's 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



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