Slovenia
KBC closed sale of NLB Vita to SAVA Re
Slovenian Life insurer NLB Vita becomes part of the SAVA Insurance Group — one of the top three insurance groups in the Adria region, after on May 29 — the two involved parties — KBC Insurance and Nova Ljubljanska banka — closed the transaction announced on 27 December 2019.
2 June 2020STATISTICS: SLOVENIA, FY2019: Life and health segments generates two thirds of total insurance paid claims and benefits
Slovenian insurance industry totaled EUR 2.52 billion at the end of 2019, 7.53% more y-o-y according to the Slovenian Insurance Association's year-end report. Non-life insurance made up 70% of total GWP, while the share of life insurance premiums was 30%.
30 April 2020COVID-19: Slovene TRIGLAV and SAVA Re to suspend the dividend payments for 2019
Slovene re/insurance groups TRIGLAV and SAVA Re informed that following the recommendation received on March 31st, 2020 from the Slovenian Insurance Supervision Agency, they will temporarily suspend the dividend payments for 2019.
8 April 2020STATISTICS: SLOVENIAN insurers reported 9-months GWP of almost EUR 2 billion
The GWP value of Slovenian insurers totaled EUR 1.90 billion in the first nine months of 2019, a 6.91% increase y-o-y, according to the Slovenian Insurance Association's Q3 report.
16 January 2020Slovenian ISA approved the merger between GENERALI and ADRIATIC SLOVENICA
The Insurance Supervesion Agency of Slovenia authorised the merger of local players Zavarovalnica GENERALI and ADRIATIC SLOVENICA, with the procedure to be finalised with the entry into the court register, expectedly at the beginning of 2020, local media wrote.
11 December 2019SLOVENIA: Sava Re d.d. considers options for issuing subordinated bonds
Sava Re d.d. announced that it is considering options for issuing subordinated bonds to optimize the capital structure of the Sava Insurance Group. The Company will decide on whether to move forward with the bond issue after examining all market conditions.
10 October 2019STATISTICS: SLOVENIA, 1H2019: Health insurance total market share reached 22.3%
For the first six months of 2019, Slovenian insurance market wrote a total amount of EUR 1,317 million gross premiums, 6.6% more than the volume of the same period of prior year. The total paid claims and benefits volume was EUR 784 million, decreasing by 0.6%.
10 October 2019David BENEDEK joins the Management Board of Zavarovalnica Triglav
On 29 August 2019, Zavarovalnica Triglav announced that David BENEDEK has assumed the office on the Management Board of Zavarovalnica Triglav, for a five-year term.
3 September 2019SAVA and TRIGLAV to purchase Diagnostic Centre Bled
Sava Re and Triglav Group announced the acquisition of 80% share capital of Diagnostic Centre Bled (Diagnosticni center Bled d.o.o.), representing 100% of the voting rights through their jointly-owned company ZTSR d.o.o..
22 August 2019Slovenian Groups TRIGLAV and SAVA Re rated "a" by the Standard&Poor's agency
In July 2019, S&P announced it has reaffirmed the "A" Long-Term Credit Rating and Financial Strength Rating of TRIGLAV Group and affirmed the financial strength rating of SAVA Re Group to "A". Both ratings have a stable medium-term outlook and are valid also for the groups' parent companies and subsidiaries.
7 August 2019SLOVENIA: Insurance market stable in 2018, regulator says
9 July 2019STATISTICS: SLOVENIA, Q1: Two regional players, TRIGLAV and SAVA control almost half of market
The GWP value of Slovenian insurers totaled EUR 672.7 million in the first quarter of 2019, a 4.6% increase y-o-y, according to the Slovenian Insurance Association's most recent report. Non-life insurance made up 72.2% of total GWP, while the share of life insurance premiums was 27.8%.
27 June 2019SLOVENIA: NLB privatisation process successfully completed
On 19 June 2019, Slovenian Sovereign Holding (SDH) successfully completed the privatisation process of Nova Ljubljanska banka, d. d. (NLB). The Republic of Slovenia will remain the largest shareholder of NLB, with a 25% stake plus 1 share.
27 June 2019SLOVENIA: Green Card passive claims increased by 46% in the past 7 years
In 2018, there was a total of 7,285 "Green Card" claims for motor accidents caused by Slovenian vehicles, almost three times higher than 2,456 Green Card claims for motor accidents caused by foreign vehicles inside Slovenia, Slovenian Insurance Association (SIA) figures show.
13 June 2019Slovenia: Reinsurer SAVA Re acquired 84% of investment fund management company INFOND
Slovenian reinsurer SAVA Re announced it has acquired the remaining 84% shareholding interest in local investment fund management company INFOND. The price of the deal was not disclosed.
10 June 2019The second largest insurance company in Slovenia is the German giant's target
9 June 2019KUNSTEK and ZIVEC reappointed in Sava Re's supervisory board
Andrej Gorazd KUNSTEK and Mateja ZIVEC were reappointed as employee representatives to serve another term on the Company's supervisory board. Both members are to begin their new terms of office on 12 June 2019.
27 May 2019TRIGLAV 1Q2019 net profit increased by 9% at Group level
Slovenia-based Triglav Group registered a profit of EUR 26 million in the first quarter of 2019. Investments played the biggest role for the 9% increase in Group's profit. Triglav's activity outside Slovenia slightly increased compared to 2018 Q1.
17 May 2019The Sava Re Group has a new umbrella brand
The umbrella brand Sava Re Group will be replaced in all corporate documents by Zavarovalna skupina Sava in Slovenian and Sava Insurance Group in English, starting with the 1Q financial report for 2019, the Group has announced.
16 May 2019Sava Insurance Group, 1Q 2019: profit increase due to lower claims expenses and improved cost efficiency
The Sava Insurance Group delivered a net profit of EUR 10.9 million in 1Q2019, accounting for 25.4% of the 2019 planned profit. The annualized RoE was 12.2%. A benign claims development and improved cost efficiency were the main drivers of the profit increase.
16 May 2019
