The insurance supervisor in Slovakia, Národná banka Slovenska (NBS), withdrew Novis’ licence to operate on 05 June 2023 and petitioned for the initiation of liquidation proceedings at the competent court.
In a current communication from 15 January 2025, EIOPA informs about the current state of proceedings against NOVIS Insurance Company, NOVIS Versicherungsgesellschaft, NOVIS Compagnia di Assicurazioni and NOVIS Poisťovňa a.s. (Novis). In this communication, which can read on the EIOPA website (https://www.eiopa.europa.eu/policyholders-insurer-novis-may-face-financial-losses-no-liquidator-has-yet-been-appointed-2025-01-15_en), EIOPA states that in its estimation, the fact that a liquidator has not yet been appointed could have an effect on the interests of the Slovak insurer’s policyholders.