One of the leading French insurance companies and one of the most important insurance groups in Europe is coming to the Slovenian market.
With the permission of the Insurance Supervision Agency of the Republic of Slovenia, a new international insurance group has started to work on the Slovenian market. The Groupama Group is one of the world’s leading insurance companies, which, in addition to its century-old tradition of doing business in France, also successfully operates in markets throughout Europe, Africa and Asia.
The group recently published notable business results for the year 2021. The total net profit of the group was up to 493 million euros, an increase of 178.5% over the previous year, when profits were 177 million euros. The group’s international operations grew by 8.4% to €2.4 billion.
Groupama employs approximately 33,000 people and cooperates with more than 13 million customers, providing them with services from a sophisticated range of life and non-life insurance to individuals and legal entities. Aside from France, Groupama’s second major market in Europe is Italy, and in Hungary, Groupama Biztosito and its partner OTP Bank are the first player in the bank insurance space and the second insurance company associated with the unit.
Groupama, known for its innovative digital solutions in insurance, will offer a wide range of innovative insurance products to the Slovenian market. The entry into the Slovenian market is a continuation of the group’s expansion in the region.
“We are proud to start doing business in Slovenia as well. This cooperation is based on a strong relationship and business cooperation with our strategic partner, OTP Bank. We are convinced that a strong international insurance company like Groupama will contribute to the further development of the Slovenian insurance market and overall positive economic trends and development. We believe that Our Slovenian team, with the strong support of the group, will successfully operate on the basis of the existing business model, which is based on an innovative offer tailored to the needs of our clients.”said Bertrand Warhay, CEO of Groupama Biztosító Zrt. Hungary.
The Slovenian branch of Groupama Zavarovalnica will be managed by director Sandi Šterpin, who said when Groupama entered the Slovenian insurance market:
Groupama’s entry into the Slovenian insurance market represents a natural expansion of the group’s operations in our region. We firmly believe that by combining the support and strengths of our group with the experience and competencies of local experts, we can build an efficient and resilient business that will achieve consistently high growth rates and enrich the Slovenian insurance market. Our group supports us with resources and capabilities that have been built over more than a century of evolution. Our strategic partnership with OTP Bank and its subsidiary in Slovenia, SKB banka, represents great potential for growth and development.
We have entered Slovenia with the support of the group, which is the basis for the rapid development of business functions and capabilities, such as information technology and advanced products. We are building an open corporate culture and a team of experts who will be able to take advantage of all these advantages for rapid and sustainable business development. “
Groupama Zavarovalnica Triglav will draw on the group’s extensive experience and financial strength in its operations, with a focus on innovative digital products tailored to meet the needs of its customers and the market. In the future, the company will offer a comprehensive suite of services based on simple and fast digital solutions, in line with the group’s mission that focuses on supporting customers at all stages of their lives and businesses.