STATISTICS: SLOVENIA, FY2018: market growth driven by UL, health and motor insurance lines

2 May 2019 — Daniela GHETU
Slovenian insurers ended 2018 with GWP worth EUR 2.34 billion, 7.4% up y-o-y. Unlike in other CEE markets, the Unit-Linked life insurance line had a strong positive contribution to the market growth, which in absolute terms exceeded the motor insurance lines' aggregated input. Health insurance also recorded a significant increase in the GWP volume.

On the claims side, payments made by insurers increased by 5.5%, to EUR 1.58 billion, mostly driven by the claims paid for health and motor insurance. In addition, the property insurance classes had also made a significant contribution to the increasing claims expenses of the Slovenian insurers. In particular, claims paid for the "fire and allied perils" lines went up by almost 23%. Several extreme weather episodes occurred throughout the year, including the severe storm of 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 27% market share; Zavarovalnica SAVA, also parent company of an important Group, SAVA Re, follows with a 16.7% market share, while ADRIATIC SLOVENICA - recently bought by the Italian group Generali, ranks third, with 12.96% of the total GWP. Vzajemna zdravstvena zavarovalnica, a mutual insurance company what makes the largest provider of supplementary health insurance holds also a 13% share of the total market GWP.

Access and download FY2018 Slovenian insurance market statistics.

  • Market ranking (GWP/ market shares):
    • General top
    • Life companies top
    • Non-life companies top

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