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. The sole owner of the insurance company is PREMIUM INVESTMENT GROUP, s.r.o., a Slovak-based company. PREMIUM Insurance Company Limited is currently 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 on 26 March 2019.
PREMIUM Insurance Company Limited operates on the Slovak market through its branch PREMIUM Insurance Company Limited, pobočka poisťovne z iného členského štátu, registered in the Commercial Register of the Municipial Court Bratislava III, section: Po, insert no.: 3737/B, company ID no. (IČO): 50 659 669, with its registered office at Námestie Mateja Korvína 1, 811 07 Bratislava – mestská časť Staré Mesto, and also directly based on the freedom to provide services.
The insurance company focuses mainly on property and liability insurance for companies and entrepreneurs, but it gradually expands its non-life insurance services to other market segments. "We believe we can provide modern and premium services because we know the needs of our partners and clients, we have the necessary knowledge, experience and sufficient capital.”
The insurance company offers a wide range of non-life insurance products:
- Property Damage and Business Interruption Insurance
- Machinery Breakdown and Electronic Equipment Insurance
- Goods in Transit Insurance
- Contractors´and Erection All Risk Insurance
- General Third Party Liability Insurance including Products Liability
- Environmental Liability Insurance
- Directors and Officers Liability Insurance
- Professional Indemnity Insurance
- Insurance for small and medium enterprises - PREMIUM Business
- Property and household insurance - PREMIUM Home
- Insurance of residential buildings - PREMIUM Residential Buildings
Since its establishment, the insurance company has been focusing on building relationships and development of cooperation with insurance intermediaries. “We are aware that our business depends very much on relationships with partners, clients and other insurance companies. Therefore, we are committed to building relationships based on trust and honesty. We are and we want to be a reliable partner.“
Financial stability, solvency and sufficient insurance capacity form an important part of the insurance company. The reinsurers Hannover Re, Polish Re (a member of the Fairfax financial group) and VIG Re, that are part of the reinsurance program, significantly assist in meeting the solvency and financial strength requirements; all these companies are rated with a minimum “A” rating issued by the international rating companies “Standard & Poor's and AM Best”.