Name
Global FinTech Guide
Country _ Name
Slovenia
SectionTitle
InsurTech
Body
InsurTech is composed of the words “insurance” and “technology”. It is used as a collective term for the application of modern technologies in the domain of insurance services.

Digital and mobile brokers: FinTechs belonging to this category mostly act as digital insurance brokers and provide users with an overview of their insurance contracts with their respective conditions. Some FinTechs offer very short-term insurance contracts to cover specific cases which can be concluded often spontaneously via mobile devices. Oftentimes additional consulting services are offered.

Internet of things: FinTechs belonging to this category collect data by measuring for example the driving style of the customers or through wearables the customers wear to consult on, offer and/or manage the customer’s insurances.

Introduction 

Attitude of the country towards InsurTech-services

There have been attempts to set up InsurTech platforms in Slovenia, but they have not been successful yet. Currently, an increasing number of traditional insurance companies offer and allow the conclusion of various insurance policies online.

Legal affairs

Obligations and requirements to provide InsurTech-services

Insurance can be offered in Slovenia only by entities that have obtained a licence from the Insurance Supervision Agency. The same applies for performance of insurance brokerage and agency services. Entities offering insurance are subject to rules on system of governance and capital adequacy. 

Additional comments regarding the legal situation for InsurTech-services or what InsurTech’s must be aware of in this business area

N/A.

Economic conditions

Market size for InsurTech-services and biggest companies in this business area

No official data is available. 

List of insurance companies in Slovenia is available on the following link.

Additional comments regarding the economic situation for InsurTech-services or what InsurTech’s must be aware of in this business area

N/A.

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