Business News

Insurance Market Contracted in 2012

Ljubljana, 02 April (STA) - The Slovenian insurance market contracted for the second year in a row in 2012, as gross premium revenue dropped 2.67% year-on-year to EUR 2.04bn, the Slovenian Insurance Association said.

Members of the Insurance Association collected EUR 1.46bn in property insurance premiums, down 0.2% over the year before.

Life insurance premiums meanwhile plummeted 9.2% to EUR 579.35m, according to preliminary data from the association.

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