Insurance

"6 are the most affected settlements by the floods. 5 are in the municipality of Karlovo and Trilistnik. There is access to every village, there is still no drinking water, electricity has already been restored everywhere". This is what Chief Commissioner Nikolay Nikolov - Director of the DG "Fire Safety and Protection of the Population" said on BNT.

Ljubljana – The Slovenian insurance industry’s total gross premiums written in 2021 reached almost EUR 2.5 billion, up 2.5% over 2020, Statistics Office figures show. As much as EUR 1.9 billion came from physical persons and the remaining EUR 515 million from legal persons.

Ljubljana – The insurance group Sava saw its half-year net profit reduced by a third year-on-year to EUR 28.9 million as operating revenue remained level at EUR 364.2 million. The company said the drop was mainly due the frequency of vehicle insurance claims returning to pre-pandemic levels.

According to an insurance company poll

The Central Bank data on the foreign exchange assets and liabilities of non-financial companies showed that those firms' assets increased by $349 million, while their liabilities decreased by $5.9 billion in April from March.

Accordingly, the net foreign exchange deficit was $105 billion indicating a decrease of $6.3 billion from March.

Sightseeing tour boats and other touristic sea vessels have been entitled to be insured against accidental damages as of May 1, according to remarks of a sectoral professional.

More and more farmers that are concerned about the adverse effects of climate change are buying insurance policies to protect them against potential financial losses due to drought.

In the first three months of 2022, a record number of growers applied for this particular insurance.

Ljubljana – Tatjana Mlakar, the director general of the ZZZS public health insurer, has noted in an interview with the STA that the new obligations imposed on the ZZZS do not have long-term financial coverage, and is worried that this will result in a reduction of rights of insured persons.

India plans to sell a 5-percent stake in insurance giant LIC in what could potentially be the country's largest initial public offering, according to a regulatory filing on Feb. 13.

Prime Minister Narendra Modi's government is desperate for proceeds from the IPO of the Life Insurance Corporation of India and the sale of other state assets to help fix its tattered public finances.

The criteria and the procedure followed for the subsidization of farmers and agricultural holdings that have suffered extensive damage from natural disasters, are determined by the amendment of the Ministry of Finance, submitted to the draft law of the Ministry of Justice entitled "Reforms in the legislative framework of the National School of Judicial Officers