Acredia, the leading company for credit insurance on the Austrian market, specialized in debt collection and protection, strengthens its position on the Croatian market, svijetosiguranja.eu wrote.

Since 2012, Acredia has been present in Croatia as part of the Allianz Trade company, and going forward will operate under its own name.

"Croatia is a developing market with great potential. Acredia, in charge of operations in Southeast Europe as part of the Allianz family, has been evaluating companies in Croatia for years and is very familiar with the Croatian market. We look forward to doing business directly with our clients and providing support in their business", said Michael Kolb, member of the board of Acredia.

84% of Croatian companies have difficulties with the collection of receivables. The Croatian debt collection insurance market is still developing, according to the results of research conducted at the beginning of this year. Acredia surveyed 150 companies about their operations and payment risks. Based on the survey, 80.7% of companies do not have contracted insurance for collection of receivables, although 84% of respondents faced difficulties in collection in the last 12 months.

Acredia is the leading insurance company for credit insurance in Austria, which ensures collection of receivables worldwide. Acredia has more than 50% market share in Austria, total liabilities (business transactions under insurance protection) worth more than EUR 29 billion, by the end of 2021 it achieved a turnover of EUR 83.5 million.