More about PREMIUM
PREMIUM Insurance Company Limited
PREMIUM Insurance Company Limited is an insurance and reinsurance company, which was established in 2015 in Gibraltar, from where it relocated to the Republic of Malta in 2019 due to Brexit to maintain the company's access to the European market. The sole owner of the insurance company is PREMIUM INVESTMENT GROUP, s.r.o., a Slovak-based company. PREMIUM Insurance Company Limited is registered in the Maltese Registry of Companies under registration number C 91171 with its registered office at Level 3, CF Business Centre, Triq Gort, STJ 3061, St Julian's, Malta, Maltská republika, from where it operates under a license authorizing to conduct insurance business issued by the Malta Financial Services Authority (www.fsc.gi) on 26 March 2019.
PREMIUM Insurance Company Limited has been operating in the Slovak market since 2017 through its subsidiary PREMIUM Poisťovňa, a branch of an insurance company from another Member State. The company offers a wide range of insurance solutions on the Slovak market, including corporate insurance, insurance for entrepreneurs, household insurance for individuals, and insurance for residential buildings. "We believe we can provide unique, modern services because we understand our clients’ needs and possess the necessary knowledge, experience, and capital."
PREMIUM Insurance Company Limited entered the Czech market in June 2023 through its subsidiary PREMIUM Pojišťovna, Česká republika. The company offers a broad portfolio of products for corporate clients, including property, machinery, and business interruption insurance, as well as various types of liability insurance. It is gradually expanding its non-life insurance services to additional market segments.
Vision
A modern and independent Slovak-own insurance company that meets the needs of its clients, partners and employees and offers comprehensive, swift and sustainable insurance solutions, even to the more complicated insurance risks in an ever-changing world.
Mission
- develop close cooperation with our partners
- understand the needs of our partners and clients
- help to further develop the Slovak and Czech Republic insurance markets
- pursue innovative sustainable techniques in all aspects of our operations
- offer competitive and value for money products and services
- invest in IT technologies to save resources and cost savings be passed on to clients
- support and incentive sustainable insurance initiatives and risks
- support and sustain employees’ welfare and wellbeing
- build and support a diverse community by sharing our expertise and resources
- promote and sustain ethical business and cooperation practices.
A reliable partner with a solid foundation
Since its launch, the insurance company has focused on building strong relationships and fostering cooperation with insurance brokers. “We recognise that our business relies heavily on partnerships—with brokers, clients, and other insurance companies. That’s why we are committed to building relationships based on trust and transparency. We are, and wish to be, a reliable partner.”
Financial stability, solvency, and sufficient insurance capacity are essential components of a successful insurance company. Our reinsurance partners—Swiss Re, Hannover Re, Polish Re (a member of the Fairfax Financial Group), and VIG Re—play a key role in supporting our solvency and financial strength. These companies are part of our reinsurance programme, all holding a minimum rating of "A" from internationally recognised rating agencies Standard & Poor’s and AM Best.
Awards
Our values
Enthusiasm
We support development of the Slovak insurance market, we improve work processes, we are innovative, we use resources efficiently and as a result of our enthusiasm and skills of our employees we provide premium service to our clients.
Integrity
We believe that success depends on the efforts and integrity of each team member and teamwork is the route we have adopted to find the best possible solution for our clients, using the skills and experience of the entire team. Together we are one team.
Trustworthy
Our business model largely depends on strong relations with partners, clients, employees and other organisations. Therefore, we are determined to build those relationships on foundations of trust and honesty. Whatever we agree on, it shall stand.
Responsibility
We act fairly, we observe laws and regulations, we abide by ethical principles and we accept responsibility for our decisions and acts.
Our Mission
The Board of Directors of PREMIUM Insurance Company Limited
Supervisory and registration authority
PREMIUM Insurance Company Limited is authorised to carry business of insurance and is regulated by The Malta Financial Services Authority.
PREMIUM Insurance Company Limited is authorised to conduct insurance business in the territory of the Slovak Republic on the basis of freedom of establishment through its organizational unit PREMIUM Poisťovňa, a branch of an insurace company from another Member State registered by the National Bank of Slovakia. PREMIUM Insurance Company Limited is also authorised to conduct insurance business in the territory of the Czech Republic on the basis of freedom of services.
PREMIUM Insurance Company Limited from 1.2.2017 entered into the register of public sector partners of the Slovak Republic established under Slovak Act. No. 315/2016 Coll. on Register of Public Sector Partners and on any amendment and on Amendments to Certain Acts, as amended.
PREMIUM Insurance Company Limited as well as its organizational unit PREMIUM Poisťovňa, a branch of an insurance company from another Member State are also entered in the List of Economic Entities maintained by the Public Procurement Office of the Slovak Republic pursuant to the Section 152 of the Slovak Act No. 343/2015 on Public Procurement and on Amending and Supplementing Certain Acts, as amended.