Sava Reinsurance

What Sava Reinsurance does

Sava Reinsurance d.d., operating through the Zavarovalna skupina Sava (Sava Insurance Group) brand, is a Slovenia-domiciled public limited company founded in 1977 that functions as a vertically integrated reinsurance and primary insurance group. The parent entity, Sava Re, provides reinsurance coverage to more than 500 insurance partners across 120+ global markets, while group subsidiaries underwrite direct life, property, health, and pension insurance and offer asset management services. Distribution is anchored in six Adria region countries: Slovenia, Croatia, Serbia, Montenegro, Bosnia and Herzegovina, and North Macedonia.

The group operates a two-tier business model: a wholesale reinsurance book underwritten contract-by-contract with cedant insurers worldwide, layered with retail and enterprise insurance distribution through regulated subsidiaries. Revenue is generated primarily through recurring reinsurance premiums ceded to Sava Re and direct insurance premiums written by subsidiaries, with asset management fees and pension-related income on top. The corporate website lists six core product families — Reinsurance (Pozavarovanje), Life, Property, Health, Pension, and Asset Management — distributed via B2B enterprise sales on the reinsurance side and the subsidiaries' own agency and broker networks on the primary insurance side. Public materials disclose no proprietary technology platforms, APIs, or AI-based systems, and the technology module notes "No proprietary technology information disclosed in available sources."

In 2025, the group reported business volume exceeding EUR 1.13 billion and net profit above EUR 114 million; Q1 2026 pre-tax profit reached EUR 39.2 million. Sava Re d.d. is listed on the Ljubljana Stock Exchange under ticker POSR and is led by CEO and President of the Executive Board Milos Brusin. The group carries an A (stable) financial strength rating from AM Best (October 2025) and an A+ (stable) financial strength rating from S&P Global Ratings (June 2025), upgraded from A (positive) in December 2024, reflecting durable capital adequacy and improved economic conditions.

Name

Sava Reinsurance

Legal name

Sava Re d.d.

Website

https://sava-re.si

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

101–250 employees

Short description

Sava Reinsurance (Sava Re d.d.) is a Slovenia-listed reinsurer and insurance group serving over 500 cedant partners in 120+ global markets, with subsidiaries distributing life, property, health, and pension insurance across six Adria region countries.

Ownership category

akta.pro rank

Product category

Reinsurance Services

NAICS

Reinsurance Carriers (52413), Insurance Carriers and Related Activities (524), Direct Life, Health, and Medical Insurance Carriers (52411), Pension Funds (52511)

SIC

Life Insurance (6311), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Reinsurance Solutions for Group Benefits (Group Life, Group Disability, Supplemental Health) (FSAOAAAH)

akta.pro secondary industries

Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

Keywords

• Reinsurance services
• Life insurance
• Property insurance
• Pension insurance
• Asset management

Headquarters

HQ city

Ljubljana

HQ country

Slovenia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Reinsurance Premiums: Sava Re generates revenue by providing reinsurance services to over 500 insurance partners worldwide, collecting reinsurance premiums.
2. Direct Insurance Underwriting: Through subsidiaries, the group underwrites direct insurance policies in life, property, health, and pension segments across 6 countries.
3. Asset Management: Group provides asset management services as part of its pension and insurance solutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Sava Re is a reinsurance company that provides reinsurance coverage to more than 500 insurance partners worldwide across 120+ markets. Through its subsidiary companies in six Adria region countries, the group also underwrites and distributes direct insurance products including life, property, health, and pension insurance, and offers asset management services as part of its pension and insurance solutions.

Product overview

Zavarovalna skupina Sava operates as a unified insurance and reinsurance group offering a portfolio of interconnected products and services. The core platform consists of reinsurance services (Pozavarovanje) provided by parent company Sava Re, complemented by direct insurance products including life insurance (Življenjska zavarovanja), property insurance (Premažbinska zavarovanja), health insurance (Zdravstvena zavarovanja), and pension insurance (Pokojninska zavarovanja) offered through subsidiary companies. Asset management services (Upravljanje premoženja) round out the offering. The group serves customers across six Adria region countries with operations in over 120 insurance and reinsurance markets globally.

Differentiator

Problem solved

Functional benefit

Products and services

• Reinsurance (Pozavarovanje) Reinsurance services provided by Sava Re to more than 500 insurance partners worldwide across 120+ markets, covering life, property, health, pension, and other lines through treaty and facultative arrangements. Targeted at primary insurance companies seeking risk diversification, capacity, and catastrophe protection.
• Life Insurance (Življenjska zavarovanja) Life insurance products (with savings and protection components) offered through subsidiary companies within Zavarovalna skupina Sava in the Adria region. Targeted at individuals and families seeking financial protection and long-term savings.
• Property Insurance (Premoženjska zavarovanja) Property and casualty/liability insurance coverage (residential and commercial) provided as part of the group's portfolio through regional subsidiaries in six Adria countries. Targeted at households and businesses needing protection against property damage, natural disasters, and liability risks.
• Health Insurance (Zdravstvena zavarovanja) Health insurance solutions offered by subsidiary companies within Sava Insurance Group. Targeted at individuals and groups seeking medical expense coverage and supplementary healthcare financing in the Adria region.
• Pension Insurance (Pokojninska zavarovanja) Pension insurance and retirement planning products offered by the group, including pension fund accumulation and decumulation solutions. Targeted at individuals and employers seeking retirement savings and pension income in the Adria region.
• Asset Management (Upravljanje premoženja) Asset management services provided as part of the group's pension and insurance solutions, managing investment portfolios backing insurance reserves and pension assets. Targeted at insurance and pension funds (internal) and group clients.

Quantifiable outcome

• 2025 business volume: over 1.13 billion euros
• +2 more outcomes

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Insurance Subsidiaries (Internal Group Structure)coreOthersSava Re group includes subsidiary insurance companies in 6 Adria region countries (Slovenia, Croatia, Serbia, Montenegro, Bosnia and Herzegovina, North Macedonia). These subsidiaries distribute insurance products while Sava Re provides reinsurance services to external insurance partners.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sava Reinsurance