THE INSURANCE sector in Slovakia generated a combined profit of Sk1.4 billion (€35 million) in 2003, with 17 firms posting a profit and 11 ending in the red, the private news agency SITA wrote.
According to the report produced by the Financial Market Office, Allianz-Slovenská Poisťovňa made the biggest profit, reaching Sk860 million (€22 million), followed by Kooperativa, which closed the year with a profit of Sk357 million (€9 million).
On the other hand, Aegon Levensverzekering reported the highest loss - Sk183 million (€5 million).
As of December 31, 2003, 27 insurance firms and one branch of a foreign insurer were operating on the Slovak market. Of these firms, 17 offered universal, seven life, and four non-life insurance services.
Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
24. Jun 2004 at 9:30