In the 5M 2021, GWPs recorded an increase of 2.76%. Non-life observed an increase of 2.61%, while Life observed an increase of the 3.14%.

The Slovenian Insurance Association published their monthly update on the gross written premiums and by the end of May 2021, the Slovenian insurance market showed a continuous increase in the terms of GWPs. Total GWPs in the 5 months of 2021 increased by a 2.76% YoY to a total of the EUR 1.19bn. Of that Life segment stood at EUR 330m (+3.14% YoY), while non-life insurance stood at EUR 856m (+2.61% YoY).

The non-life insurance segment which accounts for the 72.14% of the total GWPs, showed a solid performance in the segment to other property damages (excluding fire and other natural forces) with an increase of EUR 10.3m or +13.14% YoY). We note that this increase is the largest contributor to the rise in non-life insurance segment. Positive performance can also be noted in the segment Land motor vehicles insurance where there was an increase of the total EUR 7m(+4.76% YoY). On the negative side there was the decrease in the motor vehicle liability segment, with the total decrease of the EUR -6.9m (-5.26% YoY).

Furthermore, Life segment recorded an increase of 3.14%, reaching total of the EUR 330.5m. This increase is linked to the 20.9% increase in the Unit-linked life insurance, which increased by the total of EUR 20.5m and now stands at the EUR 118.8m. On the other hand, Life assurance decreased by the total of the EUR 9.4m (-6.65% YoY) and now stands at the EUR 131.7m.