ZAVAROVALNICA TRIGLAV, d.d., Ljubljana
Solvency and Financial Condition Report of Zavarovalnica Triglav d.d. for 2016
In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d., Ljubljana hereby publishes the following notice:
In compliance with Solvency II legislation, Zavarovalnica Triglav d.d. publishes the Solvency and Financial Condition Report of Zavarovalnica Triglav d.d. (attached).
The enclosed report contains information on the governance system of Zavarovalnica Triglav d.d. and further details on the established risk management system. It describes the own risk and solvency assessment process of the Company (the ORSA process) and its risk profile with descriptions of the main types of risks and the methods of their management. The report also presents the assets and liabilities of Zavarovalnica Triglav d.d., which are valued at fair value and by using the risk-free interest rate curve published by EIOPA for solvency purposes. Furthermore, the capital adequacy based on the available capital of the Company and the capital requirement is presented. For the purpose of calculating the capital requirement, the standard formula is used, which appropriately covers the risks of the Company. The data in the report, which were examined by a certified auditor, confirm that Zavarovalnica Triglav d.d. was adequately capitalised as at 31 December 2016.
The information contained in the report relates solely to Zavarovalnica Triglav d.d. and is not appropriate basis for assessing or drawing conclusions about the solvency and financial condition of the Triglav Group. The data for the Triglav Group will be disclosed in a separate report, which will be published within the set deadline by 1 July 2017.
This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 19 May 2017 and will remain available on the Company's public website for a period of at least five years.
Management Board of Zavarovalnica Triglav d.d.