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Wednesday, August 10, 2022

Insurance sector posts nearly 40% growth in profit for 2021

By: J.S., STA

Slovenia’s insurance companies posted a combined net profit of EUR 210 million in 2021, an increase of 38% on the year before, in what the Insurance Oversight Agency described as a very successful year.

By insurance premiums as a share of GDP, which is at 5%, Slovenia last year placed 16th among the countries for which the OECD releases data, which Čibej said placed it in the middle in terms of insurance market development. Gross written premiums in property and life insurance business were up by 1.6% from 2020 to EUR 2.4 billion (EUR 1.9 billion was property insurance and EUR 528 million life insurance).

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