STATISTICAL INSURANCE BULLETIN 2015 STATISTICAL INSURANCE BULLETIN 2015 Ljubljana, June 2015 PUBLISHED BY: TEXT, tables AND GRAPHS prepareD BY: SLOVENIAN INSURANCE ASSOCIATION Mateja Lamovšek, Slovenian Insurance Association, GIZ Železna cesta 14, PO Box 2512 Tanja Trampuž, Slovenian Insurance Association, GIZ SI-1000 LJUBLJANA Danilo Antončič, Nuclear Insurance and Reinsurance Pool (Chapter 5.3) TELEPHONE: (+386) 1 473 56 99 FAX: (+386) 1 473 56 92 TranslatiON: Amidas, d. o. o. WEBSITE: www.zav-zdruzenje.si PRODUCTION: Pegaz International, d. o. o., Ljubljana E-mAIL: [email protected] DESIGN: Luka Mancini, MSc, Maruša Račić PHOTOGRAPHS: Maruša Račić, Tomo Jeseničnik RESPONSIBLE PERSON: Maja Krumberger, MSc, Director All rights reserved. The information contained herein may be used in full or in STATISTICAL INSURANCE BULLETIN 2015 part only with an appropriate indication of the source. SIA, Ljubljana 2015 This publication is available only in electronic edition, also BULLETIN EDITORIAL COMMittee: in English. Boštjan Jenko, Adriatic Slovenica, Zavarovalna družba d. d. Publikacija je na voljo zgolj v elektronski obliki, tudi v slovenskem Roman Klemenak, Zavarovalnica Triglav, d. d. jeziku. Gregor Lednik, Zavarovalnica Maribor, d. d. Jana Mandelc, Sava Reinsurance Company d. d. ISSN 2386-0766 Denis Stroligo, Merkur zavarovalnica, d. d. CONTENTS Methodological explanations 4 5.1 Insurance activity 49 Statistical indicators, units of measure and 5.1.1 Types of insurance by class 54 abbreviations 4 5.1.2 Life insurance 58 5.1.2.1 Pension insurance 60 Development of the insurance market 6 5.1.3 Non-life insurance 62 Foreword 9 5.1.3.1 Accident insurance 65 5.1.3.2 Health insurance 66 1. Slovenian economy in 2014 12 5.1.3.3 Land motor vehicle insurance 67 5.1.3.4 Railway rolling stock insurance 68 2. Slovenian Insurance Association in 2014 16 5.1.3.5 Aircraft insurance 69 5.1.3.6 Ship insurance 70 3. Members of the SIA (as at 22 June 2015) 19 5.1.3.7 Goods in transit insurance 71 Adriatic Slovenica, Zavarovalna družba d. d. 23 5.1.3.8 Fire and natural forces insurance 72 Allianz Insurance Company, Branch Office Ljubljana 24 5.1.3.9 Other damage to property insurance 73 ARAG SE – Zavarovalnica pravne zaščite branch in 5.1.3.10 Motor vehicle liability insurance 74 Slovenia 25 5.1.3.11 Aircraft liability insurance 75 ERGO zavarovalnica, podružnica v Sloveniji 26 5.1.3.12 Liability for ship insurance 76 ERGO Življenjska zavarovalnica d. d. 27 5.1.3.13 General liability insurance 77 GENERALI zavarovalnica, d. d. 28 5.1.3.14 Credit insurance 78 GRAWE Zavarovalnica, d. d. 29 5.1.3.15 Suretyship insurance 79 Merkur zavarovalnica, d. d. 30 5.1.3.16 Miscellaneous financial loss insurance 80 Modra zavarovalnica, d. d. 31 5.1.3.17 Legal expenses insurance 81 NLB Vita življenjska zavarovalnica d. d. 32 5.1.3.18 Assistance insurance 82 Pozavarovalnica Triglav Re, d. d. 33 5.1.4 Distribution channels 83 Sava Reinsurance Company d. d. 34 5.2 Reinsurance activity 85 SID – First Credit Insurance Company Inc. 35 5.3 Nuclear Insurance and Reinsurance Pool 88 Sklad obrtnikov in podjetnikov 36 Triglav, Health insurance company, Ltd 37 6. International position of the Slovenian insurance Vzajemna Mutual Health Insurance Company, d. v. z. 38 industry 90 Wiener Städtische zavarovalnica, Branch Office Ljubljana 39 7. Chronological overview of insurance activities in Zavarovalnica Maribor, d. d. 40 Slovenian ethnic territory 97 Zavarovalnica Tilia, d. d. 41 Zavarovalnica Triglav, d. d. 42 Literature and data sources 99 List of photos 99 4. Employees in 2014 44 5. Insurance and reinsurance activity in 2014 48 METHODOLOGICAL EXplanatiONS Statistical INDicatORS, UNITS OF MEASURE AND abbreViatiONS The Statistical Insurance Bulletin is based on annual data that the SIA has obtained from its members. ... not available According to estimates, these data account for - no occurrence of event 99.5% of the Slovenian insurance market (96.5% (1) comment taking the pension insurance marketed by non-SIA members into account). The data presented below bn billion may differ from the cumulative data collected on m million a monthly or quarterly basis, and are the most % percentage complete and reliable because they were processed last. c. century EUR euro The chapter regarding pension insurance also takes GDP gross domestic product account of data obtained from other companies NLI non-life insurance involved in the pension insurance segment. USD US dollar The Slovenian pension insurance market is thus VSPI voluntary supplementary pension insurance presented in full. ZPIZ-1 Pension and Disability Insurance Act If other data sources are used, this is stated BS Bank of Slovenia separately in the text, tables and graphs. ESS Employment Service of Slovenia EU European Union The data collection was completed on 22 June 2015. Eurostat Statistical Office of the European Union HIIS Health Insurance Institute of Slovenia Unless otherwise stated, all data in this publication IE Insurance Europe refer to the overall operations of the SIA members (in ISA Insurance Supervision Agency Slovenia and abroad). SIA Slovenian Insurance Association SORS Statistical Office of the Republic of Slovenia The unit of currency used in this publication is the euro. The exchange rate at the end of a specific year was used to convert the domestic currency to euros for the period prior to the introduction of the euro. In some tables, the amounts are shown in millions or billions of euros, which is marked separately. The growth index rates are calculated as the ratio between the data for the selected year and the data for the previous year, without taking inflation into account. When ranking the insurance classes, the life insurance group is taken into account as an insurance class. STATISTICAL INSURANCE BULLETIN 2015 4 § Forest covers 59% of the entire area of Slovenia. Slovenia is the third most forest-covered country in Europe, after Finland (73%) and Sweden (67%). Development of the insurance market Insurance Year PREMIUMS (in EUR) BENEFITS AND CLAIMS PAID (in EUR) TOTAL Life Non-life TOTAL Life Non-life 2004 1,453,765,619 428,093,732 1,025,671,887 929,940,886 188,598,335 741,342,551 2005 1,549,167,096 464,833,571 1,084,333,525 874,789,651 136,243,782 738,545,869 2006 1,725,303,964 540,654,519 1,184,649,445 949,341,016 149,353,126 799,987,890 2007 1,893,979,650 609,265,438 1,284,714,212 1,023,300,031 161,8 27,691 861,472,340 2008 2,018,959,895 642,652,700 1,376,307,195 1,204,208,190 17 7,5 8 9,378 1,026,618,812 2009 2,072,923,129 630,089,177 1,442,833,952 1,240,000,802 188,495,547 1,051,505,255 2010 2,094,342,801 656,013,340 1,438,329,461 1,242,833,061 245,624,195 9 97,2 0 8,8 6 6 2011 2,053,443,380 599,359,672 1,454,083,708 1,288,695,975 344,742,146 943,953,829 2012 2,054,063,483 596,964,885 1,457,098,598 1,388,341,046 433,482,055 954,858,991 2013 1,977,545,488 552,968,835 1,424,576,653 1,360,861,970 391,714,655 969,147,315 2014 1,937,555,622 535,361,119 1,402,194,503 1,326,061,109 382,139,601 943,921,508 Reinsurance Year PREMIUMS (in EUR) BENEFITS AND CLAIMS PAID (in EUR) TOTAL Life Non-life TOTAL Life Non-life 2004 148,585,357 950,547 147,634,811 81,629,866 240,782 81,389,084 2005 161,360,758 1,006,635 160,354,123 78,670,656 221,516 78,449,140 2006 180,619,058 641,738 179,977,320 101,766,784 252,153 101,514,630 2007 206,165,229 704,532 205,460,697 115,181,537 302,353 114,879,184 2008 241,737,838 724,041 241,013,797 200,375,022 162,440 200,212,582 2009 261,109,458 643,289 260,466,169 171,828,133 137,275 171,690,858 2010 263,029,025 793,774 262,235,251 139,930,258 179,043 139,751,215 2011 262,282,208 861,553 261,420,655 126,258,125 365,430 125,892,695 2012 269,180,708 1,693,484 267,4 87,2 24 131,808,884 276,044 131,532,840 2013 239,147,140 2,603,206 236,543,934 141,702,764 600,854 141,101,910 2014 236,521,960 3,139,112 233,382,848 120,708,196 1,471,150 119,237,046 Source: SIA, SORS STATISTICAL INSURANCE BULLETIN 2015 6 Insurance Year CLAIMS RATIO (in %) PREMIUM GROWTH INDEX(1) TOTAL Life Non-life TOTAL Life Non-life 2004 63.97 44.06 72.28 116.83 143.82 108.34 2005 56.47 29.31 68.11 106.56 108.58 105.72 2006 55.02 27.62 67.53 111.37 116.31 109.25 2007 54.03 26.56 67.06 109.78 112.69 108.45 2008 59.64 27.63 74.59 106.60 105.48 107.13 2009 59.82 29.92 72.88 102.67 98.05 104.83 2010 59.34 37.4 4 69.33 101.03 104.11 99.69 2011 62.76 57.52 64.92 98.05 91.36 101.10 2012 67.59 72.61 65.53 100.03 99.60 100.21 2013 68.82 70.84 68.03 96.27 92.63 97.7 7 2014 68.44 71.38 67.32 97.98 96.82 98.43 Reinsurance Year CLAIMS RATIO (in %) PREMIUM GROWTH INDEX(1) TOTAL Life Non-life TOTAL Life Non-life 2004 54.94 25.33 55.13 108.06 96.77 108.14 2005 48.75 22.01 48.92 108.60 105.90 108.60 2006 56.34 39.29 56.40 111.93 63.75 112.24 2007 55.87 42.92 55.91 114.14 109.79 114.16 2008 82.89 22.44 83.07 117.25 102.77 117.3 0 2009 65.81 21.34 65.92 108.01 88.85 108.07 2010 53.20 22.56 53.29 100.74 123.39 100.68 2011 48.14 42.42 48.16 99.72 108.54 99.69 2012 48.97 16.30 49.17 102.63 196.56 102.32 2013 59.25 23.08 59.65 88.84 153.72 88.43 2014 51.03 46.87 51.09 98.90 120.59 98.66 (1) Inflation is excluded from the premium growth index.