Market Guide: Life Insurance and Pensions in Slovenia 2006

Publication Date	August 2007
Publisher	Datamonitor
Product Type	Report
Pages	26
ISBN Number	not applicable
Product Code	DAT07181

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Summary

Introduction

This report is most appropriate for companies looking for an overview of the life insurance and pensions markets in order to assess the level of market opportunity (using our market data and forecasts), regulatory barriers and opportunities, and level of competition in the market. For more detailed market data please refer to Datamonitor's European Life and Pensions Interactive Database 2006.

Scope

Presents competitor market data for life insurance and pensions companies;
Assesses regulatory barriers and opportunities;
5 years historic data from 2001-5 and 5 year forecast to 2010.

Highlights

The Slovenian life and pensions market experienced compound annual growth of 45.0% between 2001 and 2005. Pensions overtook life insurance in 2004 in terms of premium income.

The Insurance Supervisory Agency is the sole national insurance supervisory authority in Slovenia. The agency was established following the Slovenian Insurance Act and became operational in June 2000.

Zavarovalnica Triglav is the largest life insurance provider in the Slovenia, measured by premium income as at December 2005. It is part of the Triglav Group, which with its branch companies operates on the markets of the Czech Republic, Croatia, Bosnia and Herzegovina and Montenegro

Reasons to Purchase

Get an overview of the life and pensions market, including past growth and forecast growth;
Assess regulatory barriers and opportunities affecting life insurance and pensions in this country;
Analyze competition from life insurance companies.

Content

Catalyst
Summary
Executive Summary
- Following Compound Annual Growth Of 45.0% In The Last Five Years, Between 2006 And 2010, Growth In The Slovenian Life And Pensions Market Is Set To Slow To 24.3%
- The Slovenian Life And Pensions Market Expanded By A Compound Annual Rate Of 45.0% Between 2001 And 2005
- Growth In Premium Income Is Set To Slow Between 2006 And 2010, Although Pensions Will Continue To Grow Faster Than Life Insurance
- The Market Is Well-Regulated By An Independent Authority
- The Market Has Over 200 Subsidiaries Of Foreign Firms
- 3 Of The Top 5 Players In The Life And Pensions Sector Are Domestic Firms
Market Overview
- The Slovenian Life And Pensions Market Expanded By A Compound Annual Rate Of 45.0% Between 2001 And 2005
- The Slovenian Life And Pensions Market Experienced Compound Annual Growth Of 45.0% Between 2001 And 2005
- Premium Income From Unit-Linked Insurance Has Increased Significantly Since 2001
Market Forecasts
- Growth In Premium Income Is Set To Slow Between 2006 And 2010, Although Pensions Will Continue To Grow Faster Than Life Insurance
- Over The Next 5 Years, Premium Income Is Set To Grow At A Compound Annual Rate Of 24.3%
Market Regulation
- The Market Is Well-Regulated By An Independent Authority
- The Slovenian National Bank Has Little Influence Over The Life Insurance And Pensions Sector
- The Insurance Supervision Agency Regulates The Life And Pensions Sector In Slovenia
- The Slovenian Insurance Association Represents The Interests Of Slovenian Insurers
- Slovenia Was Referred To The European Commission For Non-Implementation Of The Directive On Institutions For Occupational Retirement Provisions
- The Insurance Mediation Directive Has Created A Single Market For Insurance In Europe
- Slovenia Passed Its Major Insurance Act In January 2000
- The Pension And Invalidity Insurance Act Further Regulated The Industry
- Proposed Anti-Money Laundering Legislation Implies An Additional Administrative Burden For Insurers
Competitive Market Structure
- The Market Has Over 200 Subsidiaries Of Foreign Firms
- The Slovenian Life And Pensions Market Is Inundated By Foreign Subsidiaries
- The Top 5 Life And Pensions Insurers Control 84% Of The Market By Gross Premium Income
Market Leaders
- 3 Of The Top 5 Players In The Life And Pensions Sector Are Domestic Firms
- Zavarovalnica Triglav Is The Life Insurance Market Leader, Based On Premium Income In 2005
- Maribor Trails The Market Leader In The Life Insurance Sector
- Merkur Ranks Third Among Life Insurance Companies In Slovenia
- Nlb Vita Is The Fourth Highest Ranked Life Insurer By Premium Income
- Grawe (Prima) Rounds Out The Top 5 Life Insurers
Appendix
- Definitions
- Capital Redemption Policy / Bond
- Composite Insurer
- Defined Contribution Pension Scheme
- Defined Benefits Pension Scheme
- Group Policy
- Individual Pension Scheme
- Individual Policy
- Life Assurance
- Occupational Pension Scheme
- Pension Insurance Policy
- Premium Income
- Regular Premium
- Single Premium
- Technical Provisions
- Traditional Insurance
- Unit-Linked Insurance
- Further Reading
- Interactive Databases
- Reports And Briefs
- Ask The Analyst
- Datamonitor Consulting
- Disclaimer
List Of Tables
- Table 1: Life And Pensions Insurance Premium Income, Segmented By Product, Eurm, 2001-2005
- Table 2: Life And Pensions Insurance Premium Income, Segmented By Product, In Percentages, 2001-2005
- Table 3: Life And Pensions Insurance Premium Income, Segmented By Investment Risk, Eurm, 2001-2005
- Table 4: Life And Pensions Insurance Premium Income, Segmented By Investment Risk, In Percentages
- Table 5: Life And Pensions Insurance Premium Income, Segmented By Product, Eurm, 2006-2010
- Table 6: Life And Pensions Insurance Premium Income, Segmented By Product, In Percentages, 2006-2010
- Table 7: Over 200 Undertakings With Registered Offices In Eu Member States Perform Business In The Slovenian Life And Pensions Market, Although 3 Of The Top 5 Insurers Are Domestic Firms.
- Table 8: Top 5 Life And Pensions Insurers By Gross Premium Income, As At Dec 2005
List Of Figures
- Figure 1: Pension Premiums Accounted For 62% Of Total Premium Income In 2005
- Figure 2: Premium Income From Unit-Linked Insurance Has Increased Significantly Since 2001
- Figure 3: Pension Premiums Will Continue To Account For Around 80% Of Premium Income Up Till 2010
- Figure 4: The Top 5 Life And Pensions Insurers Control 46% Of The Market, By Premium Income