Adriatic Slovenica, whose 15 percent market share propels it into second position among Adriatic life insurance carriers, announces it will soon finalise end-to-end automation. ALLFINANZ Interview Server by Munich Re Automation Solutions Ltd. enables fully electronic client applications while streamlining the carrier's internal processes to reduce costs and retain income.
"Like many insurance companies, our customer facing processes are
critical to our business," stated Sonja Leban Gogala, director of sales
channel, Generali Insurance Slovenia. "By automating our core processes
using Metastorm BPM, we will be able to quickly realise its value,
especially in terms of overall competitiveness."
Slovenia's biggest insurer, Zavarovalnica Triglav, said on Thursday it
signed a deal with Germany's KGAL Beteiligungsverwaltungs to establish a
new company, Trigal, as a regional platform for alternative
Standard & Poor's said it has revised its outlook on Slovenia-based
SID Bank (Slovene Export and Development Bank) to positive from stable,
while affirming the bank's 'A/A-1' long- and short-term issuer credit
The Slovenian insurance market totaled EUR 1.52 billion at the end of September 2016, 0.2% more y-o-y, statistics of the country's Insurance Association indicated. In terms of claims paid, the aggregate value was down by 0.7% to EUR 979 million.
Slovenia's Insurance Supervision Agency has rejected an application of
the Croatian tourism and insurance group Adris to boost its stake in
reinsurer Pozavarovalnica Sava, BBJ - Regional Today reported on Monday
citing local media reports.
The first half of 2016 ended for the Slovene insurance market with GWP worth EUR 1.06 billion, a figure which is fairly equal to the one recorded in 1H2015. In comparison with the previous semesters, it seems that timid signs of recovery showed by the local market throughout 2015, after several years of sluggish decline, are still far from becoming a robust trend.
Up to 53% of the population of Slovenia lives in areas in which
earthquakes have caused great damage in the past. Zavarovalnica TRIGLAV,
the leading Slovenian insurer, has put in place the Everything will be all right
website as an information and educational tool, providing articles
which explain both the risks and the insurance appropriate solutions to
Shareholders of reinsurer Sava Re have endorsed the management's proposal for a dividend payout of 80 cents per share, which is 25 cents more than last year. The shareholders also granted discharge of liability to the management of Zvonko Ivanusic despite his recent dismissal.
Following the hailstorms that ravaged north-eastern Slovenia at the beginning of last week, Zavarovalnica Triglav has set up a mobile appraisal unit in Maribor. It is designed to inspect and appraise the value of car damage in the event of massive loss events. To arrange a visit with the mobile unit call the free on-duty number 080 555 555 or 080 2864.
Fitch Ratings has affirmed Slovenian composite insurer Adriatic Slovenica Zavarovalna druzba d.d.'s (Adriatic Slovenica) 'BBB-' Insurer Financial Strength (IFS) Rating and its holding company, KD Group financna druzba, d.d.'s (KD Group) 'BB' Issuer Default Rating (IDR). The Outlooks on both ratings are Stable.
The introduction of Solvency II, starting January 2016, represents the biggest shift in the insurance regulation in several decades. the challenges arising from this shift ranging from financial, organisational, legal, operational, to systemic risks. The "Solvency II Lessons Learned" conference, organized by the Slovenian Insurance Supervision Agency, aims to exchange views on the first lessons learned in this respect.
According to data published by the Slovenian Insurance Association, in Q1 2016 the local market totaled EUR 554 million, 1.3% more y-o-y. Non-life insurance saw a growth rate of 2.7%, while the life segment reported a negative dynamic: -2.8%.