The Slovenia Insurance Supervision Agency has published an explainer on earthquake insurance that highlights a large protection gap in Slovenia, especially for multi-apartment buildings, and warns that individually insuring a flat may still leave owners exposed if the building itself is not collectively insured. In that case, compensation would cover only the construction value of the apartment rather than the cost of buying comparable replacement housing. The article points to a policy response under consideration, centred on mandatory earthquake insurance for multi-apartment buildings arranged through building managers, with subsidies for owners unable to afford the premium. The Agency says only around one fifth of apartment blocks are earthquake insured, and that of roughly 26,000 multi-apartment buildings only about 10 percent have cover arranged through managers, even though 37 percent of Slovenia’s population lives in this type of housing. It also cites survey results showing 85 percent support for a strong state role in setting rules, building standards and supervision, 72 percent support for premium subsidies, and 68 percent support for a dedicated state fund to cover earthquake losses. A joint working group comprising the Agency, the Slovenian Insurance Association, the Ministry of Finance, the Ministry of Natural Resources and Spatial Planning, and insurers is focusing on the multi-apartment segment. The article says the proposed manager-based model could raise insurance penetration in that segment from about 20 percent to about 50 percent by using existing building management arrangements.
Slovenia Insurance Supervision Agency2026-05-19
Slovenia Insurance Supervision Agency highlights earthquake insurance gap and outlines mandatory cover proposal for apartment blocks
The Slovenia Insurance Supervision Agency published an explainer on earthquake insurance highlighting a large protection gap for multi-apartment buildings and warning that insuring individual flats may leave owners exposed if the building is not collectively insured. It outlines a policy option for mandatory earthquake insurance for multi-apartment buildings arranged via building managers with subsidies for owners unable to afford premiums, and notes that a joint working group is developing a manager-based model that could raise insurance penetration from about 20 percent to about 50 percent.