Insurance market growth driven by increase in economic activity

Although six of the 16 insurance companies in the market are foreign, their market share remains modest

The Slovenian insurance market continued its run of growth in 2007, with total premium income reaching €1,894mn, a rise of 9.8% from the previous year. The country, which has been part of the European Union since 2004 was buoyed by a 6.1% increase in GDP, the highest in 17 years. However, inflation jumped as a result of higher fuel and food prices.