We keep expanding our activities, diversifying into areas with relationships to our existing business to strengthen and refine our product range. We increase the offer and improve the quality of services and become a comprehensive provider in the following fields:

 

Reinsurance

With over forty years of experience in international reinsurance, Sava Re provides a full range of reinsurance coverages. Building a globally diversified portfolio, we now conduct business with more than 350 clients in over one hundred reinsurance markets worldwide. Our guiding principle is to build long-term relationships with our clients and partners that allow creating stability throughout all economic cycles.

  Sava Re
Gross premiums written €191.7m
- Of which non-Group €106.8m

Data for 2020.

Insurance, Slovenia

In Slovenia, we conduct insurance business under the Zavarovalnica Sava brand, an insurance company formed in 2016 by the merger of the Slovenian insurers Zavarovalnica Maribor and Zavarovalnica Tilia, and the Croatian insurers Velebit Osiguranje and Velebit Životno Osiguranje. This brings together long-standing tradition and two countries. We are proud to have designed an insurer better adapted to the current needs of our clients, thereby contributing to the development of the insurance industry in the region. In 2020, the Sava Insurance Group was joined by the Slovenian life insurer Vita. The acquisition of Vita improved the market position of the Sava Insurance Group in Slovenia where the Group ranks second in terms of insurance market share.

  Slovenia
Number of insurance companies owned by Sava Re 2
Market share, non-life 19.7%
Market share, life 19.8%
Market share, total 19.8%
Premiums, non-life €360.6m
Premiums, life €120.3m
Premiums, total €480.8m

Data for 2020.

 

Insurance, international

The Sava Insurance Group operates through subsidiaries and branches in the markets of Croatia, Serbia, Montenegro, North Macedonia and Kosovo. Motor third-party liability and motor casco account for a significant part of insurance business written in these markets, and there is a rising trend in property, health and other business. In the Croatian, Serbian and Kosovo markets, we are also present with life insurance companies.

  Serbia Montenegro North Macedonia Kosovo Croatia
Number of insurance companies owned by Sava Re 2 1 1 2 1*
Market share, non-life 3.1% 16.5% 9.9% 11.6% 1.7%
Market share, life 1.8% - - 70.0% 1.0%
Market share, total 2.8% 13.7% 8.3% 14.9% 1.5%
Premiums, non-life €20.7m €12.8m €13.8m €11.4m €18.2m
Premiums, life €3.8m - - €2.5m €3.6m
Premiums, total €24.5m €12.8m €13.8m €13.9m €21.8m

Data for 2020, for Serbia and North Macedonia 1-9/2020.

* Branch of a Slovenian insurer.

Pensions

The Sava Insurance Group conducts pension business in Slovenia and North Macedonia. In the Slovenian market, Sava Pokojninska offers a comprehensive range of supplementary pension insurance: it manages pension fund assets and distributes supplementary pension annuity payments. We have been present in North Macedonia since 2018 when we acquired the second largest pension company NLB Nov Penziski Fond, subsequently rebranded Sava Penzisko Društvo.

  Sava Pokojninska Sava Penzisko Društvo
Assets under management €155.4m €676.4m
Revenue €5.1m €3.9m

Data for 2020.

Assistance services

The TBS Team 24 assistance services supplement our core business in all the markets where we are present through companies. We offer our clients motor, home and medical assistance, also adding other assistance services.

  Slovenia
Operating revenue €7.0m
- Of which non-Group €2.3m
Number of assistance cases 57,871
- Of which non-Group 11,156

Data for 2020.

Asset management

Sava Infond manages assets in excess of €400 million, serving over 80,000 investors. The company has been successfully putting capital to work for its clients for twenty-five years.

  Slovenia
Assets under management €409.2m
Revenue €7.8m

Data for 2020.

News

14 September 2021

Standard & Poor’s affirms “A” ratings on Sava Re and Zavarovalnica Sava, outlook stable

Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and the Market in Financial Instruments Act, Sava Re d.d., Dunajska 56, Ljubljana makes the...

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24 August 2021

Notification of managers’ transactions in POSR shares

Pursuant to the rules of the Ljubljana Stock Exchange d.d. Ljubljana and the Market in Financial Instruments Act, Sava Re d.d., Dunajska 56, 1000 Ljubljana (also...

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20 August 2021

Corporate Governance Policy of Sava Re d.d.

Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and the Market in Financial Instruments Act, Sava Re, d.d., Ljubljana hereby announces the...

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