The Triglav Group is active mostly in the territory of the Republic of Slovenia and countries of the former Yugoslavia, with a minor amount of business in the neighbouring EU countries. On the basis of previous experience, the Group believes that all potential risk concentrations have suitable reinsurance cover. The Group also provides »fronting« services, ceding most of the business to a foreign insurer.
In terms of business segments, Triglav is the strongest in motor vehicle insurance, with motor liability insurance accounting for the largest share in this insurance class. As motor liability insurance is characterised by high risk dispersion, this segment does not entail any risk concentration for the Group. A potential risk of sector concentration exists in comprehensive motor vehicle insurance. However, it is covered by a catastrophe reinsurance programme, which has proved to be adequate in recent years.
As one of only three insurance companies in Slovenia to offer supplementary health insurance, with a 18.7% market share, and one of two reinsurers in the country, holding 46.5% of the market, the Group consequently has a considerable insurance concentration risk in these two lines of business. As regards the reinsurance portfolio, the Triglav Group manages the concentration risk by geographical spread of inwards reinsurance risks and with adequate retrocession of outwards reinsurance risks. As supplementary health insurance is characterised by high risk dispersion, this segment does not entail any risk concentration for the Group.