Slovene Zavarovalnica Triglav informed, that on 2 March 2023 Blaz Jakic assumed the office on the Management Board of Zavarovalnica Triglav for the five-year term of office.
8 March 2023
The gross written premiums of Slovenian insurers rose 4.8% on the year in the first nine months of 2022, reaching EUR 2.14 billion, according to the end-September 2022 market data of the Slovenian Insurance Association.
21 December 2022
Slovenian insurers reported GWP up by 4.62% y-o-y in 1H2022, to EUR 1.48 billion. The absolute trend setter was the non-life segment which saw a 6.3% GWP growth rate, to EUR 1.08 billion, while the life insurance segment remained, overall, at the 1H2021 GWP level, of EUR 393.6 million. Yet, one should notice that the Unit-Linked products line was the one which, by recording a 7.6% premiums growth, has offset the negative trend seen on the traditional life insurance lines. Paid claims went up by about 11,67%, to EUR 906 million, mostly driven by the health insurance line.
13 October 2022
Following its regular annual rating review, the rating agency AM Best (Agency) affirmed the financial strength rating of Sava Re of "A" (Excellent) and its long-term issuer credit rating of "a" (Excellent), both with a stable outlook, the Slovenian reinsurer said.
29 September 2022
Slovenian Sava Insurance Group generated a net profit of EUR 28.9 million in 1H2022, which is 48.2% of the annual target. The Group achieved operating revenue of EUR 364.2 million, representing 52.0% of the full-year target, the Group announced.
18 August 2022
Slovenian insurers reported GWP up by 5.08% y-o-y in 1Q2022, to EUR 762.2 million. The trend setter was the non-life segment which provided for about 93% of the y-o-y additional premiums volume. Paid claims went up by about 12,6%, to EUR 453.7 million, mostly driven by the health insurance line.
18 August 2022
The Slovenian insurance market totaled EUR 2.60 billion at the end of 2021, a 1.5% increase y-o-y, according to the Slovenian Insurance Association's year-end figures. Life insurance GWP posted a negative rate of -1.2% y-o-y to EUR 740 million, while the general insurance segment increased by 2.7% y-o-y to EUR 1.87 billion - or 71.63% of total GWP.
21 April 2022
David KASTELIC, the long-time President of the Management Board of Zavarovalnica Sava and former Zavarovalnica Maribor, will continue his career at Grawe zavarovalnica, local media wrote.
21 March 2022
Slovene re/insurance group Triglav announced its operations are to some extent exposed to the situation resulting from the war in Ukraine and related sanctions against Russia and Belarus.
15 March 2022
Sava Insurance Group expects no material impact on its business results from the war in Ukraine, as its business volume and investment exposure to Russia and Ukraine are very low. An indirect impact on the Group's investment portfolio can be expected due to the trends in financial markets, the Group said.
15 March 2022
Europ Assistance (EA), a subsidiary of the Generali Group, announced the acquisition of Slovenia-based company Call 365. Call 365 has been operating as Europ Assistance exclusive partner in Slovenia for 3 years, providing roadside and travel assistance services to Slovenian customers and travelers to Slovenia.
25 January 2022
The Slovenian insurance market totaled EUR 2.03 billion in the first nine months of 2021, a 3.29% increase y-o-y, according to the Slovenian Insurance Association's Q3 report. In terms of paid claims, the aggregate value was ~EUR 1.18 billion, of which about EUR 387 million - life indemnities and EUR 803 million - payments related to non-life insurance sub-classes.
19 January 2022
Based on its 2020-2022 strategy, the Sava Insurance Group has prepared its business plan for 2022. The Group is planning to exceed EUR 700 million in operating revenue and generate a profit after tax of more than EUR 60 million, which translates into a return on equity of more than 11.5% in 2022.
20 December 2021
The rating agency AM Best confirmed the financial strength rating "A" (excellent) of the Slovenian reinsurer Sava Re and its long-term credit rating at "a", both with a stable outlook, osigurajse.net
8 November 2021
The rating agency AM Best affirmed the financial strength rating of the Slovenian insurer Zavarovalnica Triglav and its subsidiary, Pozavarovalnica Triglav Re, at 'A' (excellent) and their long-term issuer ratings at 'a', SeeNews informed
with reference to the insurer's statement.
19 October 2021
Slovenian insurers ended 1H2021 with GWP worth EUR 1.4 billion, 2.84% up y-o-y. Paid claims increased by 3.97%, to EUR 810.4 million. As the growth rates recorded by the life and non-life segments were comparable, their contribution to the market growth, in absolute terms, was also similar.
7 October 2021
Consolidated net profit of the Slovenian insurance holding company Prva Group rose 68.9% y-o-y to EUR 4.2 million in the first six months of 2021, SeeNews reported
4 October 2021
Standard & Poor's affirmed the "A" (strong) insurer financial strength rating on Sava Re d.d. and Zavarovalnica Sava d.d. The outlook is stable, the company announced in a press release.
15 September 2021
Sava Re published, according to the Rules of the Ljubljana Stock Exchange where the company is listed, the revised Corporate Governance Policy of Sava Re document, recently adopted by its management board.
26 August 2021
In 1H2021, the Sava Insurance Group generated EUR 363.7 million in operating revenue and a net profit of EUR 43.5 million. Operating revenue and net profit represented 53.1% and 82.1%, respectively, of the full-year targets.
19 August 2021