CROATIA: In the first eight months the market totaled EUR 1.2 billion

25 September 2023 — Marina MAGNAVAL
From January to August 2023, 15 insurance companies operating in Croatia collected total GWP worth EUR 1.2 billion, of which EUR 196.2 million (17.0%) related to life insurance and EUR 980.1 million (83.0%) to non-life insurance, the Croatian Financial Services Supervisory Agency reports.

The non-life portfolio is dominated by motor vehicle liability insurance (35.1%), followed by MoD (17.7%) and insurance against fire and natural disasters (9.4%).

Total paid claims in the first eight months of 2023 reached EUR 725.3 million. Of that amount EUR 289.6 million were paid in life insurance (39.9%), while EUR 435.8 million – in non-life insurance (60.1%). In the total amount of claims settled in non-life insurance, the largest shares belong to motor vehicle liability insurance (42.1%), MoD (21.1%), and insurance against fire and natural disasters (7.8%).