Slovenia
SLOVENIA: Zavarovalnica Triglav tops the list of 100 largest insurers in the region
Slovenian insurer Zavarovalnica Triglav tops the list of 100 largest insurers in the region comprising the former Yugoslav republics, Albania, Romania, Bulgaria and Moldavia, compiled by the Bulgarian business web portal SeeNews. The top five insurers on the list based on results from 2016 include another three Slovenian ones.
SLOVENIA: Adris launches dispute over Sava Re takeover rejection
Adris Grupa has launched an administrative dispute over the decision of
the Slovenian insurance watchdog to deny the Croatian company regulatory
clearance to increase its stake in Slovenian insurance group Sava Re to
33%, the news web portal Siol.net reported on Thursday.
SLOVENIA: SID Bank selling insurance arm
Slovenia's export and development bank has published an intention to sell its credit insurance company SID - Prva kreditna zavarovalnica, as part of the strategic focus on core business.
SLOVENIA: KD Group leads Slovenian blue-chip decliners, SBITOP falls
Slovenian insurance company KD Group was the top blue-chip decliner in Monday's trading session on the Ljubljana Stock Exchange, bourse data indicated.
SLOVENIA again bans Croatia Osiguranje from raising stake in Sava Re
Slovenia's insurance regulator had once again denied the request of insurer Croatia Osiguranje to increase its stake in re-insurer Sava Re to 33%, Ljubljana-based media reported on Wednesday.
STATISTICS: SLOVENIAN market posted positive rates on almost all business lines
Slovenian insurers posted Q1 GWP of EUR 607.4 million, 6.6% up y-o-y. Life segment totaled EUR 167.7 million, up by 13.7% y-o-y, while non-life insurers reported GWP of EUR 439.7 million, about 4.2% up y-o-y.
SLOVENIA: Insurer Sava with lower profit due to hail payouts
Insurer Zavarovalnica Sava generated almost EUR 27.9m in net profit last year, which is 16% less than in 2015. The company attributes the drop in profit to damages paid out over hail that hit the entire country last August, with north-eastern Slovenia, where the insurer is most present, being hit the hardest.
S&P upgrades Slovenia's SID Bank to A+, outlook stable
Standard & Poor's has said it raised its long-term issuer credit rating on Slovenia-based SID Bank to 'A+' from 'A', affirming its stable outlook.
Sberbank starts enforcing pledge over 18.53% of Slovenia's Mercator shares
ussia's Sberbank said on Thursday it has started enforcing a pledge over an 18.53% stake in Slovenian retailer Mercator, with the actual enforcement to take place as early as end-June.
SLOVENIAN firms warned to take cybersecurity seriously
Slovenian companies and institutions have been warned to take
cybersecurity seriously after the global ransomware attack that hit tens
of thousands of targets on Friday.
STATISTICS: SLOVENIA, FY2016: Slight increase for the insurance market in 2016
At the end of December 2016, the Slovenian insurers, members of the local association, reported aggregate GWP of EUR 2.03 billion, up by 1.5% y-o-y, the latest data published by SIA show.
SLOVENIA: Triglav INT launches buyout bid for 12% of Bosnia's Triglav Osiguranje insurer
Slovenia's holding company Triglav INT, a member of the country's biggest insurer Zavarovalnica Triglav, has launched a buyout bid for the 12% stake it does not already own in Bosnian insurance company Triglav Osiguranje [SAJ:BHOSR], the latter said on Monday.
SLOVENIA's Triglav plans gross dividend of 2.5 euro/share
Slovenia's biggest insurer, Zavarovalnica Triglav, said on Tuesday it plans to pay a gross dividend of 2.5 euro per share for 2016, equal to a year earlier.
SLOVENIA: EBRD exits leading pension fund Prva Group
The European Bank for Reconstruction and Development (EBRD) said on
Friday it exited its engagement in Slovenia's pension fund Prva Group,
one of the leading asset management providers in central and eastern
Europe.
SLOVENIA: Adriatic Slovenica First in Region to Automate All Steps of Life Insurance Sales and Underwriting
Adriatic Slovenica, whose 15 percent market share propels it into second position among Adriatic life insurance carriers, announces it will soon finalise end-to-end automation. ALLFINANZ Interview Server by Munich Re Automation Solutions Ltd. enables fully electronic client applications while streamlining the carrier's internal processes to reduce costs and retain income.
SLOVENIA's Generali Insurance Deploys Metastorm BPM Software
"Like many insurance companies, our customer facing processes are
critical to our business," stated Sonja Leban Gogala, director of sales
channel, Generali Insurance Slovenia. "By automating our core processes
using Metastorm BPM, we will be able to quickly realise its value,
especially in terms of overall competitiveness."
SLOVENIA's Triglav sets up alternative investments firm with Germany's KGAL
Slovenia's biggest insurer, Zavarovalnica Triglav, said on Thursday it
signed a deal with Germany's KGAL Beteiligungsverwaltungs to establish a
new company, Trigal, as a regional platform for alternative
investments.
SLOVENIA: S&P revises outlook on SID Bank to positive, affirms A/A-1 ratings
Standard & Poor's said it has revised its outlook on Slovenia-based
SID Bank (Slovene Export and Development Bank) to positive from stable,
while affirming the bank's 'A/A-1' long- and short-term issuer credit
ratings.
STATISTICS: SLOVENIA, 3Q: The insurance market "frozen" at September 2015's level
The Slovenian insurance market totaled EUR 1.52 billion at the end of September 2016, 0.2% more y-o-y, statistics of the country's Insurance Association indicated. In terms of claims paid, the aggregate value was down by 0.7% to EUR 979 million.
SLOVENIA bans Adris to boost stake in reinsurer
Slovenia's Insurance Supervision Agency has rejected an application of
the Croatian tourism and insurance group Adris to boost its stake in
reinsurer Pozavarovalnica Sava, BBJ - Regional Today reported on Monday
citing local media reports.

4 October 2017