NBS statement regarding the interim measure issued on 9 September 2020

On 25 September 2020 Národná banka Slovenska (NBS) issued a press release providing details about an interim measure issued against the insurance undertaking which was formerly called NOVIS Poisťovňa, a.s. and which since 5 April 2019 has operated under the name NOVIS Insurance Company, NOVIS Versicherungsgesellschaft, NOVIS Compagnia di Assicurazioni, NOVIS Poisťovňa a.s. (hereinafter ‘the insurance company’).

As required by the interim measure, the insurance company sends NBS monthly data on its fulfilment of the condition specified in Part I of the operative part of the interim measure (i.e. whether the extent of premium investments from unit-linked insurance contracts invested by insurance company for the benefit of its clients equals at least the level of the surrender value of those contracts).

On the basis of the aforementioned data it has received to date, NBS confirms that the condition in question was met for the period from 30 September 2020 to 31 January 2021 and that the insurance company was therefore entitled to conclude new unit-linked insurance contracts in this period and is also entitled to do so in February 2021.

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
Internet: http://www.nbs.sk

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