Croatia
STATISTICS: CROATIAN insurers' 9 months business expanded to EUR 1.1 billion
GWP of the 18 active Croatian insurers increased by 7.54% y-o-y, to HRK 8.15 billion (EUR 1.10 billion) in 3Q 2019, the Croatian Insurance Bureau quarterly figures showed. The value of paid claims totaled HRK 4.25 billion, up by 6.02% compared to the prior year's level.
31 October 2019CROATIA Osiguranje, 3Q2019: net profit down by 15.6% and steady underwriting performance
CROATIA Osiguranje Group's results after 3Q show a steady underwriting performance, but a declining profitability, with the consolidated net profit decreasing by 15.6% y-o-y, to EUR 37.8 million (HRK 280 million). Total GWP amounted to EUR 363.8 million (HRK 2693.4 million), 0.3% less y-o-y.
30 October 2019CROATIA: GENERALI to consolidate its position by acquiring IZVOR osiguranje
GENERALI CEE Holding announced it will expand on Croatian insurance market by acquiring the business of local non-life insurer IZVOR osiguranje: "The transaction will be finalized after receiving the approval of the relevant supervisory and competition authorities and is aimed to further consolidate GENERALI's position on the Croatian market".
22 October 2019Croatian insurers' business on other EU markets went up 3.5 times y-o-y in 2018
The total gross premiums written abroad by the Croatian insurers amounted to HRK 235.6 million (EUR 31.76 million), three and a half times more y-o-y. Out of the total premium production, GWP on foreign markets accounted for 2.39% (in 2017, 0.73%).
5 September 2019STATISTICS: CROATIA, 1H2019: Motor Hull provided for the highest contribution to the market growth
The first half of 2019 ended for the Croatian insurance market with aggregated GWP of EUR 784 million, 7.5% up y-o-y, a growth almost entirely provided by the non-life insurance segment.
22 August 2019ADRIATIC Osiguranje: green light for starting business in Italy
ADRIATIC Osiguranje dd (ex. JADRANSKO osiguranje) has obtained the official approval of IVASS - Insurance Supervisory Authority of the Republic of Italy (Istituto per la Vigilanza sulle Assicurazioni) to start business in the Republic of Italy.
13 August 2019ADRIS Grupa to invest EUR 60 million in insurance by 2023
CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced it plans to invest HRK 3 billion (EUR 400 million) in developing its three main business segments by 2023.
19 June 2019GENERALI announced changes in the managements in the Czech Republic, Slovakia and Croatia
GENERALI CEE Holding announces some changes in the managements of its subsidiaries CESKA pojistovna (Czech Republic), Generali Poistovna (Slovakia), and Generali osiguranje (Croatia), to become effective in the upcoming weeks and months once the necessary approvals have been received.
18 June 2019Insurer Croatia Osiguranje to pay flat dividend on preference shares
9 June 2019STATISTICS: CROATIA, 1Q2019: 6% y-o-y rise in GWP, driven by the non-life segment
The gross written premiums of Croatian insurers totaled HRK 2.93 billion (EUR 396 million) in the first three months of 2019, up by 5.97% on the year, the Croatian Insurance Bureau informed.
23 May 2019CROATIA: HANFA establishes regulatory Innovation Hub
The Croatian Financial Services Supervisory Agency (HANFA) has established a regulatory Innovation Hub, a specialized team dedicated to the issue of regulating financial innovation - FinTech, InsurTech, RegTech.
15 May 2019CROATIA: Adris companies achieve two-digit growth in net profit
29 April 2019CROATIA Osiguranje, FY2018: net profit increase of 80% against the previous year's result
CROATIA Osiguranje, a member of the Adris Group and undisputed leader of the Croatian insurance market, ended 2018 with a net profit of HRK 270.4 million (EUR 36.45 million), 80% higher than in 2017, the company's annual report for last year shows.
25 April 2019ALLIANZ Zagreb will have a new Chairman of the Board
Daniel MATIC is the new candidate for the opened position as Chairman of the Board inside Allianz Zagreb, Croatia. He will replace Boris GALIC after getting the necessary approvals from the regulator.
18 April 2019Slovenian Court banned the AZN denying approval for the acquisition of shares in SAVA Re by CROATIA Osiguranje
Slovenia's Administrative Court has dismissed the appeal against the ban on the acquisition of shares in the Sava Re's group parent company, Pozavarovalnica SAVA by Croatian leading insurer CROATIA Osiguranje imposed by AZN - the Slovenian insurance supervisory body, the Croatian insurer announced.
11 April 2019CROATIA: February 2019 GWP increased by +5.76% y-o-y
In February 2019 total GWP value in Croatia reached HRK 1,818,336,162 (EUR 245 million), an increase of HRK 129,584,639 (+5.76%) compared to February 2018. Non-life GWP represented 76.51%, while Life classes reached a 23.49% share.
21 March 2019SAVA finalised the aquisition of the two Croation units of ERGO
Zavarovalnica SAVA, part of Slovenian re/insurance group SAVA Re, announced it has finalised the aquisition of the two Croatian units of the German insurance group ERGO, part of MUNICH Re: ERGO osiguranje and ERGO zivotno osiguranje.
28 February 2019GRAWE Hrvatska: Natasa KAPETANOVIC to be the new President of the Management Board
After almost 20 years in the positions of member and President of the GRAWE Hrvatska Management Board, Igor PURETA will leave the company at the expiration of his mandate, on April 2. He will be replaced by Natasa KAPETANOVIC, member of the Management Board since 2010.
21 February 2019Davor TOMASKOVIC takes over CROATIA Osiguranje
CROATIA Osiguranje's Supervisory Board appointed, on 30 January, Davor TOMASKOVIC as a member of the Management Board. Upon completion of the prescribed procedure and regulatory approvals, the Supervisory Board will appoint Davor TOMASKOVIC as President of the company's Board.
5 February 2019Ante ZIGMAN (HANFA) was elected as member of EIOPA Mediation Panel
Ante Zigman, the President of Management Board from HANFA (Croatian Financial Services Supervisory Agency) was elected as member of EIOPA Mediation Panel. The Mediation Panel is responsible to mediate and resolve in an impartial manner the disputes between national competent authorities.
31 January 2019
