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Slovenian insurer Triglav aims for €1B premiums in FY'18

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Slovenian insurer Triglav aims for €1B premiums in FY'18

Zavarovalnica Triglav dd expects its operations to be affected by an improved macroeconomic situation in the Slovenian and Adriatic region, which it said would lead to "even fiercer competition" in a market already plagued by low interest rates.

The group, however, expects its 2018 pretax profit to be between €80 million and €90 million, up from an estimated €70 million to €80 million in 2017. Consolidated gross written premiums in 2018 are expected to be over €1 billion, up from around €930 million in 2017, while the combined group ratio is expected to be around 95%.

Further, the group aims to increase its AUM from noncompulsory savings.