Insurance sector profits rise

THE SLOVAK insurance sector had a profit of €179 million last year, according to the National Bank of Slovakia (NBS). 

(Source: Sme)

This represented year-on-year growth of 13.3 percent.

This is the second biggest figure ever, according to the NBS. The highest was in 2011 – €188 million, the SITA newswire reported.

The insurance sector was further subject to an environment of falling interest rates; while other market risks remain unimportant, NBS opined.

Premiums in life insurance declined by 0.27 percent; the premiums in non-life insurance – after two years of decline – rose by 2.9 percent y-o-y, to €939, while a complex situation in car insurance remains. The insurance sector is resistant to losses stemming from stress scenarios, according to the NBS.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Finances and Advisory


Top stories

Opposition fails to recall Education Minister Lubyová

The reason was the dubious distribution of the state's stimuli for science and research.

Education Minister Martina Lubyová (SNS nominee)

Brexit: Fulfilling the wishes of the dead

It is supposed to be honourable to respect the last wishes of the deceased. But is it also reasonable to sacrifice the life perspectives of those remaining?

Foreigners in Slovakia promote the ice hockey world championship

In videos, they tell fans from abroad that Slovakia has much to offer.

Mascot of 2019 IIHF Ice Hockey World Championship Slovakia, bear Macejko.

Caregiver Dušan, a breadwinning father working in Austria, will earn €6,000 less this year

The Austrian government has cut down child benefits for Slovak parents working in Austria if their children live in Slovakia. The European Commission regards the measure to be discriminatory.

The Valach family