Research and Markets: Slovenia Insurance Report Q1 2010

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/b16cbd/slovenia_insurance) has announced the addition of the "Slovenia Insurance Report Q1 2010" report to their offering.

Slovenia Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Slovenia's insurance industry.

This report differs from its predecessors in several respects. In the authors analysis of competitive conditions, they provide a much more comprehensive ranking of insurance companies in the major segments from the point of view of the organisation that is providing the data (in practice almost always the national insurance regulator or the national insurance trade association). In Slovenia, for instance, the three largest non-life companies in the first half of 2009 in terms of gross written premiums written were Triglav, Vzajemna and Adriatic Slovenica, whose market shares were 39%, 16% and 15.5% respectively. In the life segment, the leaders in the first half of 2009 were Triglav, KAD and Maribor, whose market shares were 34.7%, 22.6% and 11% respectively. Over time, the authors hope to derive insights from observing how market shares change. They emphasise though, that a decline in share of Gross Written Premiums is not automatically a bad thing and is often the result of a deliberate corporate decision to focus on more profitable business lines.

In this report, the authors also provide a breakdown of the insurance sector by line from the point of view of the regulator or the trade association. In Slovenia, for instance, the largest non-life lines in 2008 were health, compulsory motor third party liability (CMTPL) and land vehicles voluntary insurance (CASCO). These accounted for 26%, 23% and 16.7%, respectively, of total non-life premiums. Over time, the authors should be able to use this information to bring greater sophistication to the forecasting process.

Writing in November 2009, they have been able to ensure that the report includes actual data for 2008. They have generally been able to use data that has been published over the course of 2009 to adjust the forecasts for the year as a whole. The authors have also extended the forecasts out to 2014. They are looking for total premiums in 2009 of EUR2,214mn This includes non-life premiums of EUR1,543mn and life premiums of EUR671mn. In 2014, the corresponding figures should be EUR2,981mn, EUR2,088mn and EUR894mn. In terms of the key drivers that underpin the forecasts, the authors are looking for non-life penetration to rise from 4.30% in 2009 to 4.60% in 2014, and for life density to rise from USD430 to USD532. The proprietary Insurance Business Environment Rating for Slovenia is 59.4.

This quarter, the report includes a discussion of developments within regional markets on the basis of results published by major cross-border companies in relation to Q209 or Q309 and the latest information provided by regulators and/or trade associations. Non-life segment gross written premiums are expected to slip slightly from EUR542.1mn in 2008 to EUR529.5mn. Trends in life insurance varied markedly from country to country round the region. Official figures showed small falls in Slovenia.

Key Topics Covered:

• Executive Summary
• SWOT Analysis
• Global Outlook
• Central And Eastern Europe Overview
• Projections And Forecasts
• Country Update
• Insurance Business Environment Rating
• Regional Context
• Major Players In Slovenias Insurance Sector
• Analysis Of Regional Competitive Conditions
• Local Company Profiles
• Regional Company Profiles
• Country Snapshot: Slovenia Demographic Data
• Methodology

Companies Mentioned:

• Adriatic Slovenica
• Maribor
• Triglav
• Generali
• GRAWE
• Vienna Insurance Group

For more information visit http://www.researchandmarkets.com/research/b16cbd/slovenia_insurance