BRATISLAVA, August 16, (WEBNOVINY) – The state-operated Vseobecna Zdravotna Poistovna (VsZP) has achieved balanced performance, improved its cash flow, increased the collection of health insurance premiums and cutback its operating costs, Chair of the Healthcare Supervision Office, Jan Gajdos, remarked to the insurer’s operation on Tuesday. The insurer raised its average monthly revenues by 0.88 percent y/y over six months of this year on 4.53-reduction of average monthly expenses. As of late June, VsZP reported a profit of EUR 4.85 million.
As of the end of H1, the largest player on the relevant market by the number of clients managed to implement stabilization measures ordered by the watchdog. In spite of the balanced performance, the Healthcare Supervision Office pointed to looming risks to which VsZP could be exposed in the future, particularly those related to the debts accumulated over past years. They may complicate the insurer’s position given the new solvency rules. Therefore, Gajdos urged the insurer to resolve the situation. One of the solutions could be an increase in the shareholders’ equity or a sale of a portion of its clientele. He refused to say which variant would be more appropriate since he considers it a political decision.
SITA