Slovenia
STATISTICS: SLOVENIA 1H2015: Timid signs of recovery in GWP
After several years of sluggish decline, in 1H2015 the Slovenian insurance market seemed to show some recovery signs, with a 3.8% increase in the life GWP and lower negative change rate, of 0.8%, on the non-life side, overall resulting in a 0,4% y-o-y growth of the total GWP volume, to EUR 1.06 billion.
24 September 2015SLOVENIA: Sava Re announced the acquisition of 10% of local pension company
On 22 September 2015, Sava Reinsurance Company, as the purchaser, and
Merkur zavarovalnica d.d. Ljubljana, as the seller, signed a purchase
contract for 1,510 shares of the pension company Moja nalozba
pokojninska druzba d.d., which represents 10 percent of the pension
company's issued shares.
24 September 2015SLOVENIA: Insurance Market Supervisor Argues New Rules Making Insurers Even Safer
Head of the Insurance Supervision Agency Sergej Simoniti has told the STA that the EU's Solvency II directive will make Slovenian insurers even safer, since it introduces higher risk management standards. Simoniti, who does not expect any insurance companies to need extra capital, highlighted good oversight as a key reason for this.
2 September 2015SLOVENIA's Sava Re focusing on organic growth within current market footprint
Slovenian reinsurer Sava Re plans organic growth primarily in markets
where it already has operations while also examining other opportunities
for expansion, the chairman of the company's managing board said.
6 July 2015TRIGLAV launches first user-based insurance service in SLOVENIA
Slovenian Insurance company Zavarovalnica Triglav, part of Triglav
Group, successfully released the first true usage based insurance
product in the Adria Region. The Triglav Group is one of the
leading insurance-financial institutions in South-East Europe. It is
present in seven markets and six different countries.
6 July 2015STATISTICS: The SLOVENIAN market shrank by about EUR 10 million in 1Q2015
The Slovenian insurance market totaled EUR 547.10 million at the end of March 2015, 1.67% less (or EUR 9.27 million in absolute value) as compared with 1Q2014, statistics of the country's Insurance Association indicated. The value of paid claims increased in absolute value by EUR 3.63 million to EUR 332.61 million, of which EUR 100.30 million were life indemnities and EUR 232.31 million - claims related to non-life sub-classes.
25 June 2015SLOVENIA's TRIGLAV could play a more active role in connecting insurance markers in the region
The Slovenian government would like to enable the country's No. 1
insurer Zavarovalnica Triglav sustainable growth, Finance Ministry State
Secretary Metod Dragonja said on Saturday as he explained the
government's rationale behind not wanting to keep it in state ownership.
26 May 2015STATISTICS: SLOVENIA FY2014: Falling MTPL prices affect the market size and raise the market authority's concern
Slovenian insurers saw again a negative change in the overall market results in 2014, with GWP decreasing by 2%, to EUR 1.94 billion. The negative trend affected both life and non-life insurance segments. Paid claims also decreased by 2.5%, to EUR 1.33 billion.
2 April 2015SLOVENIA's KD Group signs EUR 67 million syndicated loan deal
Slovenian financial services group KD said on Tuesday it has signed a 67
million euro loan deal with a syndicate of local banks in a bid to
refinance its financial liabilities. The seven-year loan -
extended by NLB, Abanka Vipa, Gorenjska Banka, Banka Celje and NKBM,
should ensure an optimal financing structure across the group while
improving the maturity profile of funding sources, KD Group said in a
statement.
27 February 2015TRIGLAV Group chooses SimCorp Dimension
SimCorp, a leading provider of investment management solutions and
services for the global financial services industry, today announced
that Triglav Group, the leading insurance and financial group in the
Adriatic region, has selected SimCorp Dimension as the new software
solution for its front-, middle- and back-office operations.
30 January 2015SLOVENIA's lender NLB rejects talk of exit from insurer Skupna
Slovenian lender Nova Ljubljanska Banka (NLB) said on Thursday that it
does not plan to sell its 28% stake in local pension insurer Skupna
Pokojninska Druzba in response to speculations of a possible divestment.
12 January 2015SLOVENIA's TRIGLAV raises SPD stake to 66.7% after takeover bid
Slovenia's biggest insurer, Zavarovalnica Triglav, said on Wednesday it
has raised its stake in local pension insurer Skupna Pokojninska Druzba
(SPD) to 66.65% from 30.14% after filing a takeover bid. The
strategic move aims to strengthen Triglav's presence on the Slovenian
pension insurance market and position the company to take advantage of
future growth opportunities there.
8 January 2015STATISTICS: SLOVENIA, 3Q2014: aggressive price competition on the MTPL line pushed market in negative territory
The Slovenian insurance market saw a 2.8% y-o-y decrease in GWP at the end of the first three quarters of 2014, to about EUR 1.5 billion. Although the strongest relative decrease rate was recorded on the life insurance side (-4.99%), in fact both life and non-life insurance sectors have lost about EUR 20 million of their total GWP amounts, as compared with 3Q2013.
11 December 2014SLOVENIA's watchdog says insurers stress tests show capital adequacy
Slovenia's insurance sector is adequately capitalised to meet the
requirements of the European Solvency II Directive, the Insurance
Supervision Agency said on Monday announcing the results of the stress
tests.
3 December 2014SLOVENIA: Zavarovalnica TRIGLAV plans to strengthen its presence in the pension insurance market
Slovenian-based Zavarovalnica TRIGLAV announced its intention to make a takeover bid for all the shares of the local pension insurer Skupna Pokojninska Druzba in an strategy to strengthen its position on this segment of the insurance market.
30 October 2014SLOVENIA: Insurance tax up in 2015 by 2pp
The Slovenian Finance Ministry has published a proposal for changes to the acts on the financial services tax and the insurance contracts tax, providing for a raise for both taxes from 6.5% to 8.5%, Slovenian Times reports. The higher rates are to enter into force with the start of 2015.
28 October 2014SLOVENIA: Losses from rainstorms in Poljanska dolina valley pegged at USD 38 million
Two days of continuous rains and resulting flash floods have caused heavy damage to properties in central Slovenia, Xinhua reports citing Slovenian Press Agency.
27 October 2014SLOVENIA: A.M. Best Affirms the Ratings of Pozavarovalnica SAVA
A.M. Best has affirmed the financial strength rating of A- (Excellent)
and the issuer credit rating of "a-" of Pozavarovalnica Sava d.d. (Sava
Re) (Slovenia), the operating holding company of the Sava Re group. The
outlook for both ratings is stable. The ratings of Sava Re
reflect its strong consolidated risk-adjusted capitalisation, good
operating performance and strengthened business profile in the Slovenian
insurance market. A partly offsetting rating factor is Sava Re's
exposure to the challenging operating market conditions in Slovenia.
6 October 2014STATISTICS: SLOVENIA 1H2014: harsh competition pushed down motor insurance GWP despite de increasing car sales
Slovenian insurers ended 1H2014 with an aggregate GWP of EUR 1.05 billion, 3.2 lower y-o-y. "As expected, the decline in gross written premium is still noticeable and we can expect this trend till the end of this year," Mateja LAMOVSEK, Insurance Analyst with Slovenian Insurance Association told XPRIMM.
2 October 2014SLOVENIA 1Q2014: The downward trend continues
Slovenian insurers ended the first quarter of 2014 with GWP of EUR 558 million, 2.5% less than in the same period of 2013. Thus, the downward trend established last year continued. Paid claims also decreased by 5.4%, to EUR 330 million.
21 August 2014
