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May 14, 2010updated 22 Jul 2022 11:27am

Uniqa reports solid gains in Slovakia

Austrian composite insurer Uniqa made impressive gains in Slovakias insurance market, bucking a downturn in the countrys life and general insurance sectors. In the life insurance sector, which saw a 4% year-on year fall in premium income, Uniqa reported premium income of 28.1m ($38m), up 7.9% compared with 2008

By LII editorial

Austrian composite insurer Uniqa made impressive gains in Slovakia’s insurance market, bucking a downturn in the country’s life and general insurance sectors.

In the life insurance sector, which saw a 4% year-on year fall in premium income, Uniqa reported premium income of €28.1m ($38m), up 7.9% compared with 2008. Uniqa’s market share grew from 2.36% to 2.65%.

In the general insurance sector, Uniqa’s premium income increased to €75.7m, up 6.4% compared with the sector’s overall decline of 4.5%. Uniqa improved it market share in the sector to 7.9% and its market share of Slovakia’s total insurance market to 5.1%.

Uniqa ranks fifth overall among the 22 insurance companies in Slovakia.

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