Slovenia
STATISTICS: SLOVENIA, 1H2016: GWP of EUR 1 billion, fairly equal to the previous year's result
The first half of 2016 ended for the Slovene insurance market with GWP worth EUR 1.06 billion, a figure which is fairly equal to the one recorded in 1H2015. In comparison with the previous semesters, it seems that timid signs of recovery showed by the local market throughout 2015, after several years of sluggish decline, are still far from becoming a robust trend.
13 October 2016Half the population of Slovenia lives in areas of high seismic risk
Up to 53% of the population of Slovenia lives in areas in which
earthquakes have caused great damage in the past. Zavarovalnica TRIGLAV,
the leading Slovenian insurer, has put in place the Everything will be all right
website as an information and educational tool, providing articles
which explain both the risks and the insurance appropriate solutions to
mitigate them.
22 September 2016SLOVENIA: Sava Re shareholders to receive higher dividends this year
Shareholders of reinsurer Sava Re have endorsed the management's proposal for a dividend payout of 80 cents per share, which is 25 cents more than last year. The shareholders also granted discharge of liability to the management of Zvonko Ivanusic despite his recent dismissal.
1 September 2016SLOVENIA: Zavarovalnica Triglav develops free mobile application Triglav Weather
Following the hailstorms that ravaged north-eastern Slovenia at the beginning of last week, Zavarovalnica Triglav has set up a mobile appraisal unit in Maribor. It is designed to inspect and appraise the value of car damage in the event of massive loss events. To arrange a visit with the mobile unit call the free on-duty number 080 555 555 or 080 2864.
24 August 2016SLOVENIA: Fitch Affirms Adriatic Slovenica at IFS 'BBB-'; KD Group at IDR 'BB'; Outlooks Stable
Fitch Ratings has affirmed Slovenian composite insurer Adriatic Slovenica Zavarovalna druzba d.d.'s (Adriatic Slovenica) 'BBB-' Insurer Financial Strength (IFS) Rating and its holding company, KD Group financna druzba, d.d.'s (KD Group) 'BB' Issuer Default Rating (IDR). The Outlooks on both ratings are Stable.
1 August 2016STATISTICS: SLOVENIA, Q1: 1.3% aggregate growth-rate despite the 3% decrease of life GWP
According to data published by the Slovenian Insurance Association, in Q1 2016 the local market totaled EUR 554 million, 1.3% more y-o-y. Non-life insurance saw a growth rate of 2.7%, while the life segment reported a negative dynamic: -2.8%.
7 July 2016"Solvency II Lessons Learned" - discussed in September, in Ljubljana
The introduction of Solvency II, starting January 2016, represents the biggest shift in the insurance regulation in several decades. the challenges arising from this shift ranging from financial, organisational, legal, operational, to systemic risks. The "Solvency II Lessons Learned" conference, organized by the Slovenian Insurance Supervision Agency, aims to exchange views on the first lessons learned in this respect.
7 July 2016SAVA Re simplifies its group structure by a quadruple merger
Slovenian insurance group SAVA Re has already taken steps to simplify
its organisational structure by merging its two domestic subsidiaries -
Zavarovalnica Maribor and Zavarovalnica Tilia - and the two Croatian
units - Velebit osiguranje and Velebit zivotno osiguranje - into one
company.
30 June 2016SLOVENIA: All insurers solvent under new EU rules
All Slovenian insurers are solvent according to the rules of the EU directive Solvency II that became effective in Slovenia in January, the Insurance Supervision Agency said on Monday.
23 June 2016SLOVENIA: Pension insurer's profit down
Modra zavarovalnica, Slovenia's largest provider of supplementary pension insurance, posted a net profit of EUR 4.7m for 2015, down from EUR 17.4m in the year before. Assets under management rose to EUR 1.3bn from EUR 1.2bn, the company said on Friday.
23 May 2016STATISTICS: Who were the FY2015 SLOVENIAN top insurers?
The Slovenian insurance market totaled EUR 1.97 billion at the end of December 2015, 2% more y-o-y, statistics of the country's Insurance Association indicated. In terms o claims paid by local insurers, the aggregate value increased by 1.9% to EUR 1.35 billion.
7 April 2016STATISTICS: SLOVENIA, FY 2015: The market gets back on a positive trend in GWP terms
According to data published by the Slovenian Insurance Association, the local market ended 2015 with GWP of EUR 1.9 billion, 1.95% higher y-o-y. Life insurance a saw a higher than average growth rate, of 5.7%, thus increasing its share in the market portfolio by 1pp, to 28.65%.
24 March 2016SLOVENIA: Securities Market Agency Decision on re-establising the suspended voting rights of Zavarovalnica Triglav d.d.
On 9 February 2016, Zavarovalnica Triglav d.d. received the Securities Market Agency Decision, establishing that with the issue of the Securities Market Agency Decision of 2 December 2015 the prohibition of exercising its voting rights stated in the Securities Market Agency Decision of 4 March 2013 expired.
11 February 2016SLOVENIAN insurers could see lower capital ratios under Solvency II
Capital ratios for Slovenian insurance companies could be lower under Solvency II than they were under the Solvency I regime, according to Fitch Ratings. The ratings agency said the sector reported strong aggregated coverage under the old regime, at 273% at the end of 2014, but a high proportion of non-investment grade and unrated instruments would lead to lower capital ratios under Solvency II.
9 February 2016SLOVENIAN insurer Triglav completes sale of Avrigo unit to Adventura Prevozi
Slovenian insurer Zavarovalnica Triglav said on Friday it has
completed the sale of its 97.31% stake in bus transport unit Avrigo to
Adventura Prevozi. Following the fulfilment of regulative and
other conditions arising from the agreement on the sale of a 97.31%
stake in Avrigo to Adventure Prevozi, Zavarovalnica Triglav has
completed the transaction, the insurer said in a filling with the
Ljubljana bourse.
8 February 2016SLOVENIA's NKBM sells 45% stake in pension co to Sava Re
Slovenian reinsurer Sava Re said on Thursday it has acquired from lender
Nova Kreditna Banka Maribor (NKBM) a 45% stake in pension company Moja
Nalozba Pokojninska Druzba. The deal is conditional on getting
relevant approvals from the Insurance Supervision Agency and the
Competition Protection Agency, Sava Re said in a filing to the Ljubljana
bourse.
17 December 2015STATISTICS: SLOVENIA, 3Q: 1.2% aggregate growth-rate due to the 5% expansion of the life segment
Insurance premiums in Slovenia totaled EUR 1.51 billion in 3Q2015, 1.21% more compared with the January-September 2014 period, according to the figures published on SIA's (Slovenian Insurance Association) website. On the claims side, the aggregate value increased by 2.63% to EUR 986.36 million, of which EUR 295.86 million were life indemnities and EUR 690.51 million - paid claims related to non-life sub-classes.
8 December 2015SLOVENIA's KD Group 9-mo net profit plummets
Slovenian financial services provider KD Group said on Wednesday its net
profit dropped to 231,000 euro in the first nine months of 2015 from
7.8 million euro a year earlier.
25 November 2015SLOVENIA: Fitch affirms insurer Adriatic Slovenica at IFS 'BBB-'
Fitch Ratings said on Tuesday it has affirmed the Insurer Financial
Strength (IFS) rating of Slovenian insurer Adriatic Slovenica at BBB-
and the Issuer Default Rating (IDR) rating of Adriatic Slovenica's
holding company, KD Group, at BB-.
7 October 2015SLOVENIA's KD Kapital signs deal to sell 50.04% of Zicnice Vogel
Slovenian financial services group KD said on Tuesday its unit KD
Kapital has signed a deal for the sale of 50.04% of ski slope operator
Zicnice Vogel. The move is part of a strategy for the divestiture
of non-strategic investments, a KD spokesperson said in an emailed
response to a SeeNews inquiry.
30 September 2015
