The Slovenia Insurance Supervision Agency published a summary of its director Gorazd Čibej’s opening address at the 31st Insurance Days in Slovenia in Portorož, combining a snapshot of 2024 market outcomes with the agency’s supervisory agenda. The speech reported that insurers booked EUR 2.43 billion of gross premiums in 2024, down 13% year on year due to the abolition of supplementary health insurance, while generating EUR 140 million of net profit and maintaining high capital adequacy. With the IRRD directive now in force, preparations have moved into the phase of developing preventive recovery plans, with the agency consulting and guiding domestic insurers ahead of requirements that will apply in full after 2027; a new insurance resolution law similar to the banking model is also in preparation. The address highlighted natural catastrophe protection proposals, including subsidised insurance for socially vulnerable groups and mandatory insurance for multi-apartment buildings, alongside further awareness work and digital tools for assessing exposure. It also flagged ongoing challenges in distribution transparency, particularly around the delivery of documentation in face-to-face sales, and pointed to more intensive supervision under the DORA Regulation focused on timely incident reporting, contractual risk management and regular testing of protective measures. The agency indicated it will continue targeted inspections in 2025 focused on product fairness, clarity and comprehensibility, while maintaining IRRD-related consultations as firms prepare for the post-2027 framework.

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