Market Size of Property and Casualty Insurance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 7.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Slovenia Property & Casualty Insurance Market Analysis
- The property and casualty insurance market in Slovenia is estimated to witness a CAGR of approximately 7% during the forecast period.
- Key macroeconomic indicators improved in 2018, thereby affecting the insurance industry positively. The 5.1% share of insurance premiums in GDP (gross domestic product) maintains insurance as one of the major industries. The amount of the overall insurance premiums rose by 7.4% or EUR 161.8 million, the highest since 2008. Both insurance groups had witnessed growth inthe larger life insurance market.
- In 2018, the Slovenian population spent an average of EUR 1,132.7 on insurance for property and life, the highest ever. In 2018, insurance penetration in Slovenia was 5.1%, non-Life insurance penetration held the highest penetration in the market (3.54%) and life insurance penetration was at 1.56%. In 2018, non-life insurance held a 69.39% share in the market. Thenon-life insurance market recorded a growth rate of 6.47%, and non-life insurance premium was valued at EUR 1,624.40 million.
