Governance, Risk and Compliance - The Slovenian Insurance Industry

Governance, Risk and Compliance - The Slovenian Insurance Industry


GlobalData’s Governance, Risk and Compliance - The Slovenian Insurance Industry, report is the result of extensive research into the insurance regulatory framework in Slovenia.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Slovenia, including -

  • An overview of the insurance regulatory framework in Slovenia.
  • The latest key changes, and changes expected in the country’s insurance regulatory framework.
  • Key regulations and market practices related to different types of insurance product in the country.
  • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Slovenia.
  • Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
  • Details of the tax and legal systems in the country.
Key Highlights
  • The Insurance Supervision Agency (AZN) regulates the Slovenian insurance industry.
  • Composite insurance is not permitted in Slovenia. However, insurance companies carrying on life insurance business are permitted to operate in personal accident and health insurance.
  • The Slovenian FDI regime permits up to 100% foreign participation in domestic insurance companies.
  • Non-admitted insurance is not permitted. However, insurers from EU member states can operate either directly or through a branch, based on the freedom to provide services.
  • Solvency II standards were implemented effective from January 1, 2016.
  • The report covers details of the insurance regulatory framework in Slovenia.
  • The report contains details of the rules and regulations governing insurance products and insurance entities.
  • The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework.
  • The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
  • The report provides details of taxation imposed on insurance products and insurance companies.
Reasons to buy
  • Gain insights into the insurance regulatory framework in Slovenia.
  • Track the latest regulatory changes, and expected changes impacting the Serbian insurance industry.
  • Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
  • Understand key regulations and market practices pertaining to various types of insurance product.

1.1 What is this Report About? 1.2. Definitions
2.1. Legislation Overview and Historical Evolution 2.2. Latest Changes in Regulation 2.3. Legislation and Market Practice by Type of Insurance 2.3.1. Life insurance 2.3.2. Property insurance 2.3.3. Motor insurance 2.3.4. Liability insurance 2.3.5. Marine, aviation and transit insurance 2.3.6. Personal accident and health insurance 2.4. Compulsory Insurance 2.4.1. Health insurance 2.4.2. Motor third-party liability insurance 2.4.3. Marine third-party liability insurance 2.4.4. Professional indemnity insurance for alternative investment fund managers 2.4.5. Professional indemnity insurance for insurance brokers and banks 2.4.6. Air carriers and aircraft operators insurance 2.4.7. Liability for ships with respect to oil pollution 2.4.8. Nuclear liability insurance for damage 2.5. Supervision and Control 2.5.1. International Association of Insurance Supervisors 2.5.2. European Insurance and Occupational Pensions Authority 2.5.3. Federation of European Risk Management Associations 2.5.4. Insurance Supervision Agency 2.5.5. Slovenian Insurance Association 2.6. Non-Admitted Insurance Regulations 2.6.1. Overview 2.6.2. Intermediaries 2.6.3. Market practices 2.6.4. Fines and Penalties 2.7. Company Registration and Operations 2.7.1. Type of insurance organization 2.7.2. Establishing a local company 2.7.3. Foreign ownership 2.7.4. Types of license 2.7.5. Capital requirements 2.7.6. Solvency margin 2.7.7. Reserve requirements 2.7.8. Investment regulations 2.7.9. Statutory return requirements 2.7.10. Fee structure 2.8. Taxation 2.8.1. Insurance premium or policy taxation 2.8.2. Withholding taxes on premium paid overseas 2.8.3. Corporate tax 2.8.4. VAT 2.8.5. Captives 2.9. Legal System 2.9.1. Introduction 2.9.2. Access to court 2.9.3. Alternative dispute resolution
3.1 Methodology 3.2 Contact GlobalData 3.3 About GlobalData 3.4 GlobalData’s Services 3.5 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Slovenia - Insurance Regulatory Framework Key Features
Table 3: Slovenia - Life Insurance Regulatory Framework
Table 4: Slovenia - Property Insurance Regulatory Framework
Table 5: Slovenia - Motor Insurance Regulatory Framework
Table 6: Slovenia - Liability Insurance Regulatory Framework
Table 7:Slovenia - Liability Limits for Third-Party Death and Physical Injury
Table 8: Slovenia - Liability Limits for Other Claims
Table 9: Slovenia - Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
Table 10: Slovenia - Corporate Tax Rates for the Financial Year 2018
List of Figures
Figure 1: Slovenia - Insurance Supervision and Control at Various Levels
Figure 2: Slovenia - Insurance Regulatory Frameworks for Company Registration and Operation

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