The Slovenia Insurance Supervision Agency published an article on the 1895 Ljubljana earthquake that combines historical risk analysis with survey findings on home underinsurance, highlighting that uninsured homeowners often do not perceive either basic-peril or earthquake risk. For earthquake cover, 50.7 percent of uninsured respondents said they do not expect such an event in their area, making risk perception the main reason for remaining uninsured. The article says a repeat of the 1895 earthquake in Ljubljana would most likely cause just under EUR 10 billion of direct damage and at least EUR 5 billion of indirect damage, and could leave more than 100,000 people without housing. It adds that a damaging earthquake in the wider Ljubljana area occurs on average every 100 years, implying about a 1 percent annual probability. For basic-peril home insurance, 34.9 percent of uninsured owners said they do not see the risk and 36.5 percent cited affordability, while for earthquake insurance 21.2 percent cited cost. Around 14 percent for both types of cover said they could not find a suitable product, which the agency presented as a market mismatch in terms of conditions, coverage, or product complexity.
Slovenia Insurance Supervision Agency2026-05-19
Slovenia Insurance Supervision Agency publishes analysis showing 50.7 percent of uninsured homeowners do not expect an earthquake in their area
The Slovenia Insurance Supervision Agency published an article on the 1895 Ljubljana earthquake linking historical risk analysis with survey evidence that low risk perception is the main reason homeowners remain uninsured for basic-peril and earthquake cover. The agency estimates that a repeat event could cause just under EUR 10 billion in direct damage, at least EUR 5 billion in indirect damage and leave more than 100,000 people without housing, while also highlighting barriers such as affordability and product-market mismatches.