Insurance sector posts nearly 40% growth in profit for 2021

Ljubljana – Slovenia’s insurance companies posted a combined net profit of EUR 210 million in 2021, an increase of 38% on the year before, in what the Insurance Oversight Agency described as a very successful year. At a press conference on Wednesday, the agency noted that the insurance sector business was affected by the low-interest environment and the Covid-19 pandemic last year, listing inflation and cyberattacks as challenges. “The insurance sector as a whole is stable and meets all capital adequacy requirements,” the agency’s director Gorazd Čibej said. By insurance…

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