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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
11-12 April 2018 Hilton Hotel, Moscow, Russia Organizer: The Reinsurance Committee of All-Russian Insurance Association and DELOVOY Format Group as Co-organizer Media Partner: XPRIMM Publications For details: arc.ins-df.com
16-17 April 2018 Intercontinental Hotel, Almaty, Kazakhstan Organizer: InterConsult Info with the support of the Kazakhstan Association of Insurers Official Publication: XPRIMM Publications Contact person: Marina SHIPOVALOVA For details:www.allinsurance.kz