The Slovene insurance market fell by 10.37% in the first half of 2024, consolidated GWP reaching EUR 1.45 billion. Life insurance GWP increased by 8.2%, to EUR 444.27 million, most of the increase coming from the traditional life insurance lines (EUR 60.65 million), while the Unit-Linked line contributed with about EUR 18 million.
17 October 2024
The Triglav Group delivered a strong performance in 1H 2024, its total business volume reaching EUR 942.9 million, 2% down y-o-y. The Group recorded a gross profit of EUR 89.5 million, significantly higher y-o-y. Based on 1H results, Triglav expects year-end gross profit in the range of EUR 130 - 150 million.
28 August 2024
Organized by the Slovenian Insurance Supervising Agency (AZN), the 9th International Insurance Conference will take place under the titles
It’s getting hot. Temperature is rising, is Insurance #COOLing? on 5 September, in Ljubljana.
11 July 2024
The Slovenian insurance market totaled EUR 746.2 million at the end of March 2024, an 9.6% decrease y-o-y, according to the Slovenian Insurance Association's quarterly figures. Life insurance GWP posted a positive double-digit rate of +10.1% y-o-y to EUR 217.4 million, while the general insurance segment decreased by -15.8% y-o-y to EUR 529 million (or 70.8% of total GWP) due to the over 90% decrease in health insurance, from EUR 175 million in Q1 2023 to ~EUR 15 million at the end of March 2024.
8 July 2024
The 30th Anniversary
Insurance Days in Slovenia, organized every year by the Slovenian Insurance Association, were held on June 6-7 at the Grand Hotel Bernardin. This year's event had the slogan “Insurance matters”. It was focused on climate change, natural disasters, cyber threats, health insurance, and strengthening diversity, equity, fairness and inclusion.
17 June 2024
According to
the new statistical insurance bulletin of the Slovenian Insurance Association (SIA), in 2023 the market had the highest annual rise since 2007. After two years of negative growth (almost stagnation) life insurance increased, while non-life segment grew for the ninth year in a row.
4 June 2024
The Slovene insurance market grew by 9% in 2023, consolidated GWP reaching EUR 3.05 billion, which is 9% more y-o-y. At the same time, paid claims went up by almost 23%, to EUR 2.22 billion, driven by the compensations pai after the floods in June 2023.
25 April 2024
The results of the Eurobarometer survey published last year show that the level of financial literacy in the EU is low on average (18% of EU citizens have high financial literacy). There are considerable differences between EU countries. Only in four EU member states 25% of people have a high level of financial literacy, i.e. the Netherlands, Sweden, Denmark, and Slovenia.
25 March 2024
The Supervisory Board of the Slovene health insurer Vzajemna Insurance Company appointed Matija Senk as the new Chairman of the Management Board, wrote n1info.si
here. His mandate started on March 1
st.
25 March 2024
On November 21 and 22, 2024 the International Insurance Fraud Conference will take place in Rikli Balance Hotel Bled, Slovenia, the
Slovenian Insurance Association announced.
19 March 2024
The Sava Insurance Group achieved strong organic growth in all its operating segments and markets in 2023. Its business volume increased to EUR 910.1 million, up 14.4% on the previous year and 13.8% ahead of plan, the Groups announced in a press release.
7 March 2024
Triglav Group's total business volume rose by 12% to EUR 1,78 billion in 2023, while its earnings before tax amounted to EUR 21.1 million, the unaudited data released by the Group show. The regulated price of supplemental health insurance in Slovenia and record high CAT claims impacted the Group's earnings.
6 March 2024
Between 1980 and 2020, economic losses caused by natural disasters in Slovenia totaled EUR 3.8 billion. Only 43% of these losses were insured, which corresponds to an amount of EUR 1.6 billion, the figures indicating a significant gap in insurance coverage, data provided by the Slovenian Agency of Insurance Supervision (AZN) show.
6 March 2024
The business of Slovenian insurers rose 9.89% on the year in the first nine months of 2023, reaching EUR 2.35 billion in terms of GWP, according to the end-September 2023 market data of the Slovenian Insurance Association.
10 January 2024
Triglav Group’s total business reached EUR 1,39 billion while GWP increased to EUR 1,28 billion, both indicators seeing a 12% y-o-y growth in the first 9 months of 2023. The group expects business volume to reach EUR 1.6 billion and earnings before tax between EUR 100 million and EUR 120 million in 2024.
6 December 2023
The GWP of Slovenian insurers rose 9.5% on the year in the first six months of 2023, reaching EUR 1.62 billion, according to the end-June 2023 market data from the Slovenian Insurance Association.
25 October 2023
On Monday, 11 September, the conference entitled "Artificial intelligence in insurance - evolution or revolution?" will take place in Ljubljana, Slovenia, organized by the Insurance Supervision Agency of Slovenia. The events is the 8th is a series of already traditional annual international conferences.
7 September 2023
Extreme weather events between 1980 and 2020 caused economic losses ranging from EUR 450 to EUR 520 billion (depending on the source) and between 85,000 and 145,000 deaths (depending on the source) in the 32 member states of the European Economic Area (EEA) *. Notably, a large proportion of these losses remained uninsured, with percentages varying by event type and European Economic Area (EEA) member state.
7 September 2023
Between 2006 and 2020, compensations paid by Slovenian insurers for damagse caused by natural disasters amounted to EUR 850 million, the Slovenian Agency for Insurance Supervision said. Damages to real estate account for the largest share of the compensations paid, followed by damage to cars.
Looking back, the highest compensations were paid in 2008. In the whole year, insurance companies paid out almost EUR 140 million euros for damages caused by natural disasters. Rainfall with hail and strong gusts of wind on 15 and 16 August 2008 resulted in the highest compensation paid for an individual event, which amounted to almost EUR 85 million.
17 August 2023
The Slovenian insurance market totaled EUR 825.3 billion at the end of March 2023, an 8.3% increase y-o-y, according to the Slovenian Insurance Association's quarterly figures. Life insurance GWP posted a negative subunit rate of -0.2% y-o-y to EUR 197.3 million, while the general insurance segment increased by 11.2% y-o-y to EUR 628 million - or 76.1% of total GWP.
17 August 2023