Life Insurance in Slovenia, Key Trends and Opportunities to 2017 by Timetric states that "the Slovenian life insurance segment declined at a compound annual growth rate (CAGR) of -1.8% during the review period (2008-2012). This was primarily due to the banking crisis which, by the end of 2012, resulted in recession for Slovenia. However, increased investment in fixed capital creation and a recovery in private consumption managed to bring Slovenia out of recession by the end of 2013. Over the forecast period (2012-2017), the life insurance segment is projected to post a CAGR of 4.2% as the demand for traditional life insurance products, such as term life and annuities, is expected to grow. In addition, the new pension law and the amendments made to the prevalent insurance law in 2013 are further expected to support the segment's growth.

At the end of 2013, the value of gross written premiums reported by the Slovenian insurance companies totaled EUR 1.98 billion, a drop of 3.73% on the year before, the figures recently published by the Slovenian Insurance Association show.

The 3Q2013 results of the Slovenian insurance market brought no surprise, once again confirming the downward trend installed on the Slovenian insurance market in 2012. Thus, local insurers ended the first nine months of 2013 with underwritings of EUR 1.53 billion, 2.2% down as compared with the same period of 2012. The decreasing trend on the life insurance side was once again the main driver of the overall decrease in GWP, while on the non-life segment the business volume decreased by only 0.7% y-o-y.

The biggest Slovenian insurance company planned to increase its stake in Croatia Osiguranje. Croatia's government rejected Triglav's offer.

The first half of 2013 confirmed the slightly downward trend installed on the Slovenian insurance market in 2012. Thus, local insurers ended 1H2013 with underwritings of EUR 1.08 billion, 1.16% down as compared with the same period of 2012. In fact, the negative trend was mostly driven by the continuous decreasing underwritings on the life insurance side, while on the non-life segment the overall business volume remained relatively stable, at a comparable level with the one recorded in 1H2012.

A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Pozavarovalnica Sava d.d. (Sava Re) (Slovenia), the operating holding company of the Sava group of companies. The outlook for both ratings is stable.

Slovenian insurance company Triglav has decided to bid for a stake in Croatia's Croatia Osiguranje (CO), Slovenian media reported on Friday.

The first quarter of 2013 confirmed the slightly downward trend installed on the Slovenian insurance market in 2012. Thus, local insurers ended the first three months of the current year with underwritings of EUR 567.6 million, 1.12% down as compared with the same period of 2012. In fact, the negative trend was driven by the continuous decreasing underwritings on the life insurance side, while on the non-life segment the overall business volume remained stable, at a comparable level with the one recorded in 1Q2012.

Recently published research from Business Monitor International, "Slovenia Insurance Report Q3 2013 states that in spite of a probable improvement in life premiums through H112 and H113, the overall prospects for growth in Slovenia's insurance sector over the medium term are fairly uninspiring. Nevertheless, there may be opportunities for particular players from changes to the competitive landscape as forced sellers leave the market place.

Standard&Poor's Ratings Services (S&P) said it raised its long-term counterparty credit and insurer financial strength ratings on Slovenia's Triglav Insurance and Triglav Reinsurance to A- from BBB+ following a revision of the rating agency's insurance criteria.

Standard&Poor's Ratings Services (S&P) said it affirmed its long-term counterparty credit and insurer financial strength ratings on Slovenian reinsurer Sava Re at BBB+ under the revised insurance criteria and removed it from CreditWatch with negative implications.

Insurer Zavarovalnica Triglav began Tuesday procedures to rescind the contracts with the International Finance Corporation (IFC) over its failure to recapitalise Triglav's subsidiary Triglav INT within the agreed period, the insurer said in a statement published on the website of the Ljubljana Stock Exchange.

Slovenia's third biggest insurer, generated EUR 7.7m in net profit in 2012, while business plans projected EUR 8.25m in net profit.

Financial holding KD Group aims at becoming the biggest insurance holding in Slovenia and the Balkans by 2015 through the merger of life insurer KD Zivljenje and insurer Adriatic Slovenica that is to be carried out this year, the holding's chairman Matjaz Gantar said Monday, presenting KD Group's 2012 results.

Zavarovalnica Triglav organised a professional conference on insurance fraud that was held in Ljubljana. The conference was one of the key activities in an awareness-raising campaign on insurance fraud which was launched by Zavarovalnica Triglav among its employees in March this year, and expanded to include the broader Slovene public during April.

The Slovenian insurance market ended 2012 with a 2.6% decrease in written premiums, to EUR 2.03 billion, while the amount of paid claims grew by 7.6%, to 1.38 billion. The unit-linked life insurance line was the main driver of this negative evolution, recording a 14.9% decrease in GWP and an almost 54% augmentation of the paid indemnities volume. Moreover, the life insurance weight in the market portfolio decreased by 2pp, to 28.45%.

The Slovenian branch of Austrian insurer Wiener Stadtische finished 2012 with a profit of EUR 3.1m and saw an 11% rise in premiums, which stood at EUR 23.2m.

The net profit of the TRIGLAV Group in 2012 amounted to EUR 73.2 million, 54% higher y-o-y, whilst the net profit of the parent company, Zavarovalnica TRIGLAV, counted up to EUR 50.4 million, 15% y-o-y. The returns on equity of both the TRIGLAV Group and Zavarovalnica TRIGLAV d.d. in 2012 were again higher than expected. At the Group level the return was 13.8% or 4.2 pp higher than in 2011, a result that excelled the ROE target for 2015 (i.e. 12%). In Zavarovalnica TRIGLAV alone ROE improved by 1.1 pp, to 10.7%, and was closer to the targeted level than in 2011.

The members of the Slovenian Insurance Association have collected EUR 2,036,424,881 of gross premiums written in the twelve months of the year 2012. It was for 2.67% less than in the same period of the year 2011.

A.M. Best Europe - Rating Services Ltd. has assigned a financial strength rating of A- (Excellent) and issuer credit ratings of "a-" to Zavarovalnica Triglav d.d. (Triglav), the operating holding company of the Triglav group, and Pozavarovalnica Triglav Re d.d. Ljubljana (Triglav Re), the wholly owned subsidiary of Triglav. Both companies are domiciled in Slovenia. The outlook assigned to the ratings is stable.