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 €166.5m
- Of which non-Group €90.1m

Data for 2019.

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.

  Slovenia
Number of insurance companies owned by Sava Re 1
Market share, non-life 19.0%
Market share, life 10.5%
Market share, total 16.4%
Premiums, non-life €336.5m
Premiums, life €78.6m
Premiums, total €415.1m

Data for 2019.

 

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 3.2% 17.7% 10.1% 10.5% 1.5%
Market share, life 1.4% - - 67.7% 0.9%
Market share, total 2.8% 14.5% 8.4% 12.5% 1.3%
Premiums, non-life €22.5m €13.6m €14.4m €10.3m €21.0m
Premiums, life €2.9m - - €2.3m €3.8m
Premiums, total €25.4m €13.6m €14.4m €12.6m €24.8m

Data for 2019.

* 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 €594.5m €148.6m
Revenue €4.8m €3.6m

Data for 2019.

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 €12.4m
- Of which non-Group €4.4m
Number of assistance cases 78,777
- Of which non-Group 26,959

Data for 2019.

Asset management

Sava Infond manages assets in excess of €300 million, serving over 80,000 investors. By the number of funds and assets under management, Sava Infond ranks as a leading asset manager in Slovenia, with a market share of approximately 12%. As a Slovenian market leading asset manager, it has been successfully putting capital to work for its client for twenty-five years.

  Slovenia
Assets under management €376.6m
Revenue €3.8m

Data for 2019.

News

22 October 2020

Organised collection of proxy forms for exercise of voting rights at general meeting

Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, the management board of Sava Re d.d. makes the following announcement regarding the...

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16 October 2020

AM Best affirms A-level credit ratings of Save Re d.d.; 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...

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14 October 2020

Notice of 37th general meeting of shareholders

Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable regulations, the management board of Sava Re d.d. hereby calls the 37th...

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