Life insurance

In total, Triglav Group members charged EUR 214.3 million in unconsolidated gross written premium from life insurance contracts, which represents a 3% decrease on 2010. Their share in total gross written premium was 22.6%.

The premium generated by unit-linked life insurance totalled EUR 98.0 million or 45.7% of gross written premium in the life insurance class, which was 2% less compared to 2010. In addition to Zavarovalnica Triglav (index 99), unit-linked products are also available from Triglav Osiguranje, Zagreb, which booked a total of EUR 4.3 million in written premium, or 9% less than in 2010. Life insurance accounted for EUR 96.6 million or 45.1% of total premium in the life insurance class. It is estimated that the 4% premium decrease was caused by the continuation of uncertain conditions in the financial markets and the economic crisis, s clients were more prudent when purchasing long-term insurance policies. The decrease in life insurance premium was also affected by the aging of the life insurance portfolio (maturities and surrenders).

Supplementary voluntary pension insurance (capital redemption insurance) accounted for 9.2% or EUR 19.7 million of the total premium; in this class premium dropped by 7% compared to the year before.

Gross written premium for insurance and co-insurance contracts of the Triglav Group (excluding Pozavarovalnica Triglav Re) and growth indexes per insurance class

   

in EUR

   

 

 

Gross written premium

Index

Structure

No.

Insurance class

2011

2010

2009

2011/2010

2010/2009

2011

1

Accident insurance

51,881,696

55,537,351

61,127,665

93

91

5.5%

2

Health insurance

80,888,967

73,602,675

68,318,518

110

108

8.5%

3

Comprehensive car insurance

144,099,735

147,436,763

145,462,647

98

101

15.2%

4

Property insurance

166,632,065

163,502,412

158,619,230

102

103

17.5%

5

Motor liability insurance

205,077,707

224,668,795

243,719,749

91

92

21.6%

6

General liability insurance

35,070,402

34,275,095

35,217,221

102

97

3.7%

7

Credit insurance

20,598,151

22,320,290

22,706,207

92

98

2.2%

8

Other non-life insurance

31,506,871

28,288,224

27,673,512

111

102

3.3%

 

NON-LIFE INSURANCE

735,755,594

749,631,606

762,844,748

98

98

77.4%

9

Life insurance

96,651,038

100,311,203

106,692,704

96

94

10.2%

10

Unit-linked life insurance

98,001,240

99,782,278

99,269,804

98

101

10.3%

11

Capital redemption insurance

19,690,306

21,280,476

19,781,923

93

108

2.1%

 

LIFE INSURANCE

214,342,584

221,373,956

225,744,431

97

98

22.6%

 

TOTAL

950,098,178

971,005,562

988,589,179

98

98

100.0%

 
 
 
 
 
 
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