Slovenia's insurer Adriatic Slovenica (AS), a subsidiary of financial services provider KD Group, said it has formed a strategic partnership with local healthcare blockchain startup Iryo with the main goal of offering patients better and safer access to their health records.
The Adriatic Slovenica insurance group collected EUR 303.8m in insurance premiums last year, which is 1.7% more than in 2016, while damages payout was up by 2.9% to EUR 223.4m. The group ended 2017 with EUR 11.4m in net profit, down 4.2% year-on-year, according to audited results released on Wednesday.
The Slovenian Administrative Court annulled the Insurance Supervision Agency (AZN) decision to deny the Croatian holding ADRIS Grupa to increase its stake in SAVA Re to more than 20%.
The Slovenian subsidiary of the Austrian insurance group Grawe collected EUR 42.6m in gross insurance premiums in 2017, up EUR 1m from 2016, while posting a net profit of EUR 1.6m, a rise of EUR 300,000, the company said after Monday's shareholder meeting, which discussed last year's business results.
Slovenian-based start-up InsurePal, a distributed social proof insurance platform, said on Wednesday it has raised USD 18 million (14.7 million euro) in its Initial Coin Offering (ICO) by selling-out all 201 million of its tokens.
Slovenian reinsurer SAVA announced that the Slovenian Sovereign Holding (SDH), one of its main shareholders, transferred 1,261,034 of SAVA Re shares to the Republic of Slovenia.
Slovenia's ski slopes saw nearly 900 accidents during the last winter season, with over half the accidents involving children and young people under 20.
Slovenian reinsurer Sava Re said on Friday it expects to end 2017 with a consolidated net profit of 31 million euro (USD 36.7 million), down from 32.9 million euro last year.
Adriatic Slovenica, the third biggest insurance group in the country,
has unveiled a new five-year strategy, which aims to address growing
challenges on the market, including tougher competition because of a
merger of two competitors. The January-September profit of the group,
which is up for sale, dropped 17% from a year ago to EUR 6m.
The Slovenian insurance market reported a 6.6% y-o-y nine months growth rate to about EUR 1.67 billion, statistics of the country's Insurance Association indicated.
Sava Re celebrates forty years. A ceremony was held on 21 November 2017 in Ljubljana (Slovenia) to celebrate this event.
Slovenian insurers half year results show a 6.8% increase in GWP, to EUR 1.16 billion, fueled by the life and non-life insurance segments.
Insurer Zavarovalnica Triglav generated 58% of Monday's trading turnover on the Ljubljana Stock Exchange, bourse data showed.
PARSEK, a highly professional eBusiness solutions provider based in
Slovenia, has decided to support IIF2017: Insurance in the DIGITAL
World Conference. The event will take place in Vienna, on November 14.
Slovenian insurer Zavarovalnica Triglav tops the list of 100 largest insurers in the region comprising the former Yugoslav republics, Albania, Romania, Bulgaria and Moldavia, compiled by the Bulgarian business web portal SeeNews. The top five insurers on the list based on results from 2016 include another three Slovenian ones.
Adris Grupa has launched an administrative dispute over the decision of
the Slovenian insurance watchdog to deny the Croatian company regulatory
clearance to increase its stake in Slovenian insurance group Sava Re to
33%, the news web portal Siol.net reported on Thursday.
Slovenia's export and development bank has published an intention to sell its credit insurance company SID - Prva kreditna zavarovalnica, as part of the strategic focus on core business.
Slovenian insurance company KD Group was the top blue-chip decliner in Monday's trading session on the Ljubljana Stock Exchange, bourse data indicated.
Slovenia's insurance regulator had once again denied the request of insurer Croatia Osiguranje to increase its stake in re-insurer Sava Re to 33%, Ljubljana-based media reported on Wednesday.
Slovenian insurers posted Q1 GWP of EUR 607.4 million, 6.6% up y-o-y. Life segment totaled EUR 167.7 million, up by 13.7% y-o-y, while non-life insurers reported GWP of EUR 439.7 million, about 4.2% up y-o-y.