1
2You are our priority, in a world that keep changing.
3
It cooperates with experienced and specialized personnel providing partners with Service, Respect and Immediacy.
Apeiron Insurance Project
What MGA means;
M.G.A. (Managing General Agents) standsfor companies performing insurance works, such as pricing of insurance programs, risk-taking, creating sales networks, settling damages and paying compensations and remunerations to partners.
Apeiron Insurance Project, a modern and dynamic company, is the first M.G.A. (Managing General Agents) company in Greece, with the main purpose of representing foreign insurance companies and distributing top insurance products to all sectors at the best price and guaranteeing the largest re-insurance houses.It undertakes the design of programs, compensations as well as the creation of sales networks.
4
Apeiron Insurance Project
Today, we list more than 400 active collaborations all over Greece.
5
1 Triglav Group and Zavarovalnica Triglav in 2019 Accounting ReportBusiness Report Table of ContentsRisk Management>><< The Triglav Group and ZavarovalnicaTriglav d.d. Annual Report 2019
Tradition or Future?We unify both.
1. Triglav Group
6
Triglav Group
38 Companies5281 EmployeesControlling Company Triglavd.d., founded 1900
Well balanced structure of GWP
Stock Market
0,58%
0,73%
0,79%
0,84%
1,02%
1,32%
2,73%
6,57%
28,09%
34,47%
The Bank of New York Mellon, USA
Pozavarovalnica Sava RE d.d., Slovenia
Kuwait Investment Authority, Kuwait
East Capital-East Capital Balkans,Luxembourg
Hrvatska poštanska banka d.d., Croatia
Citibank, Great Britain
Unicredit Bank Austria, Austria
Assiko Bank, d.d., Croatia
SDH d.d., Slovenia
ZPIZ Slovenia, Slovenia
Top Ten shareholders of Zavarovalnica Triglavd.d. as at 31/12/2019 (ownership in %)
Solvency RatioStrong 200%-250%
283%2019
Motor Liability 28%
Property 27%
Life 20%
Health16%
General Liability 4%
Accident 4%
Credits 3%
7
Combined Ratio 91,5%
€100,9 millionNet profit before tax (+15%)
€1,184 million.Gross written premium (+7%)
1.068,40
1.184,00
2018 2019
62,50%
63,20%
29,30%
28,30%
2018 2019
Ratio Ζημιών Ratio Εξόδων
97,50
100,9
2018 2019
2. Performance at a Glance 2019
Credit Rating
“A”, stable
76,10%
5,60%
4,90%
3,10%2,60%
2%5,80%
Market share trends in the insurance companies of Triglav Group in 2019
Slovenia
Croatia
Serbia
Montenegro
Bosnia Herzegovina
FYROM
Internat.reinsurance
8
3. Leading Market Position Both in Slovenia and Adria Region
3,50%
7,40%
8,60%
8,80%
20,20%
Allianz
Generali
Sava Re Group
Croatia Group
Triglav Group
Adria Regio 2017
12,00%
5,90%
12,90%
16,60%
17,20%
Άλλες
Modra zavarovalnica
Vzajemna
Sava Re Group
*Generali&Adriatic…
Triglav Group
Slovenia 2018
35,40%
2018- Entry into Greek motor vehicle insurance market through Apeiron Insurance Project
**In 2019 Generali acquired Adriatic Slovenica (Market share in 2018 in Slovenia: Generali 4.4%, Adriatic Slovenica 12.85%)