Business News

Gross Insurance Premiums in 2011 at EUR 2.1BN

Ljubljana, 04 April (STA) - Slovenian insurance companies reported a minor increase in premiums in the first two months of this year, while gross written premiums for the whole of last year were down 0.12% to EUR 2.1bn.

Insurance companies that are members of the the Slovenian Insurance Association raised a total of EUR 383.7m in gross premiums in the first two months of the year, up 0.26% on the same period last year.

Premiums for all types of insurance were down 0.12% to EUR 2.1bn in 2011. Property insurance premiums rose by 1.06% to EUR 1.5bn, but life insurance premiums fell by 2.71% to EUR 638.2m.

Zavarovalnica Triglav had the biggest market share among classic insurance companies in terms of gross written premiums in the last quarter of last year (33%), followed by Adriatic Slovenica (12.7%), Zavarovalnica Maribor (12.6%) and Vzajemna (12%).

In property insurance, Zavarovalnica Triglav led the field ahead of Adriatic Slovenica, Vzajemna and Zavarovalnica Maribor.

Triglav also had the biggest chunk of the life insurance market (31.64%) followed by Modra zavarovalnica (22%) and Zavarovalnica Maribor (11.87%), data from the Insurance Association show.

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