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Features of the Slovenian insurance market in
2007
Structure of property insurance premiums (excluding
health insurance) within the Group by insurance type:
Legislative changes, which followed adaptations to
EU guidelines, characterised 2007, while the year
was also marked by loss events.
In health insurance, a number of legislative
amendments came into force, which led to Adriatic
Slovenica paying out EUR 11.8 million in old-age
provisions to 276 thousand policyholders. The
collection of these provisions was terminated by the
law and included in full in supplementary health
insurance equalisation schemes on 30 September
2007, as the legally-defined transition period for
150
equalisation ended at that time.
Catastrophic storms and floods in September
characterised loss events in the area of property
insurance. These caused extensive property
damage, exceeding EUR 200 million, including
EUR 2.9 million from Adriatic Slovenica claimants,
although adequate reinsurance meant there was no
significant impact on the company’s results.
Motor liability insurance 40%
Land motor vehicle insurance 25%
Accident insurance 14%
Fire and natural disaster insurance 7%
Other insurance against loss and damage 6%
General liability insurance 4%
Kredit and surety insurance 1%
Other 3%
Property insurance
Within the Group, property insurance is marketed in
Slovenia by Adriatic Slovenica. Collected premiums
totalled EUR 114.3 million, representing growth of 4.35
percent compared to 2006.
Health insurance
Health insurance is offered within the Group by
Adriatic Slovenica, which recorded premium growth of
14.3 percent in 2007 compared to the previous year,
collecting EUR 89.5 million in premiums. Adriatic
Slovenica has achieved an almost 24 percent share of
the Slovenian supplementary health insurance market,
while its share of the above-standard health insurance
market is over 50 percent.