STATISTICS: SLOVENIA, 1H2018: extreme weather events' bill pushed up the market's claims expenses by 6.7%

The Slovenian insurance market saw a 6% y-o-y growth in GWP in 1H2018, to EUR 1.24 billion. The non-life insurance segment had the largest contribution to the market growth, but also to the 6.7% growth recorded on the paid claims side.

Life insurance recorded an above average GWP growth rate, of 8%, to EUR 355.8 million, mostly driven by the very good dynamic of the Unit-Linked products class.

On the non-life side, motor insurance classes - especially the Motor Hull line -, and the health insurance class saw the best growth rates (7.26% and 6.63% respectively). The same lines have also contributed the most to the paid claims growth. In addition, the property insurance classes had also made a significant contribution to the increasing claims expenses of the Slovenian insurers. Several extreme weather episodes occurred in the end of 2017 and first half of 2018, including the severe storm onf 8 June, are responsible for most of the paid claims increase.

The Top 3 ranking remained the same as in the previous periods: Zavarovalnica TRIGLAV, the parent company of the TRIGLAV Group leads the market, with a 28.3% market share; Zavarovalnica SAVA, also parent company of an important Group, SAVA Re, follows with a 18% market share, while ADRIATIC SLOVENICA - recently bought by the Italian group Generali, ranks third, with 12.84% of the total GWP.

Find detailed 1H2018 market data in the forthcoming edition of the XPRIMM Insurance Report CEE, SEE & CIS - 1H2018, to be launched on 21 October, in Baden Baden.

Access www.xprimm.com and download the 1H Slovenian market ranking statistics.

Market portfolio:

  • Gross written premiums
  • Paid claims
  • Growth rates
Market rankings (GWP/ Market shares/Growth rates):

  • Total market ranking
  • Life insurance ranking
  • Non-life insurance ranking

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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