Personal Accident and Health Insurance in Slovakia, Key Trends and Opportunities to 2019

Date: 2016-03
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“โ€ข Personal accident and health insurance is the smallest segment in the Slovak insurance industry, accounting for 3.1% of the total gross written premium in 2014.

โ€ข Agencies and direct marketing are the leading distribution channels in the personal accident and health segment, collectively accounting for 99.4% of the total gross written premium in 2014.

โ€ข The personal accident category was the largest in the personal accident and health segment in 2014, accounting for 54.2% of the gross written premium.

โ€ข The health gross written premium grew at a review-period CAGR of 3.3%.

โ€ข The segment is expected to grow significantly over the forecast period as a result of rising disposable incomes, stable GDP growth, the growing aging population and consumer awareness of the need for, and benefits of, personal accident and health insurance.”

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