Croatia
CROATIA: Allianz Hrvatska records a 21% increase in its gross profit in 2024
Allianz Hrvatska, part of German insurer Allianz, said that in 2024 its gross profit reached a record high of EUR 29.3 million, which represents an increase of 21% y-o-y, thanks to growing profitability of both non-life and life insurance operations, SeeNews reports.
2 June 2025CROATIA: GWP in January-April rise 9.6%, while paid claims decline by 10.2%
GWP collected by insurance companies in Croatia in the first four months of 2025 amounted to EUR 665.7 million, or 9.6% more y-o-y. Of this amount, EUR 106.7 million (16.0%) came from life insurance (+2.2%), and EUR 559.0 million (84.40%) – from non-life (+11.1%), osiguranje.hr writes.
29 May 2025CROATIA: Croatian Insurance Days 2025: Key challenges include high distribution costs, low profitability in the corporate segment, and rising claim costs
Market trends, strategic guidelines and current challenges shaping the insurance market in Croatia and Europe were discussed by almost 450 leading experts at the largest regional insurance industry gathering – Croatian Insurance Days 2025 in Opatija from 14 to 16 May 2025, osiguranje.hr writes.
21 May 2025STATISTICS: CROATIA 1Q 2025: 9% growth in total collected premiums, supported by motor insurance
According to data provided by the Croatian Financial Services Supervisory Agency (HANFA), the 14 insurance companies operating on the market reported total premium collected in Q1 2025 of EUR 493 million, of which EUR 76.8 million (-1.12% y-o-y) related to life insurance premium and EUR 416.15 million (+11.21% y-o-y) to non-life insurance premium.
21 May 2025CROATIA: Net profit of UNIQA Croatia in 2024 decreased to 4.79 million
UNIQA Insurance, that has been operating in Croatia for 25 years and is part of the UNIQA Group, one of the leading insurance groups in Austria and Central and Eastern Europe, achieved a profit after tax of EUR 4.79 million in 2024, which is less than the previous year when the profit amounted to EUR 6.88 million, osiguranje.hr writes.
28 April 2025CROATIA: Adriatic osiguranje’s net profit rises 12.38% in 2024 to EUR 4.06 million
Adriatic osiguranje, one of the leading companies on the Croatian insurance market, achieved a net profit of EUR 4.06 million in 2024, which is 12.38% more y-o-y, according to the financial report, osiguranje.hr writes.
28 April 2025CROATIA: Net profit of HOK osiguranje in 2024 rises by almost 59%
HOK osiguranje d.d., that has been present on the insurance market in Croatia since 2001, achieved a net profit of EUR 3.52 million at the end of 2024, which is 58.76% more y-o-y, according to the financial report on the company's website, osiguranje.hr writes.
22 April 2025CROATIA: Croatia Osiguranje raises its stake in Sava Re to 19.04%
Slovenian reinsurer Pozavarovalnica Sava (Sava Re) said that Croatian insurer Croatia Osiguranje has raised its stake in Sava Re by 4.87% to 19.04% last week. Croatia osiguranje is the largest and oldest insurance company in Croatia. The company is a market leader with a strong focus on digitalization.
15 April 2025CROATIA: The Croatian Insurance Days 2025 to take place on 14-16 May
The largest and most important annual gathering for the insurance industry will once again be held in Opatija, from 14-16 May, at the Amadria Park Grand Hotel 4 Opatijska Cvijeta, osiguranje.hr writes.
8 April 2025CROATIA: The market as of February 2025: growth in premiums, decline in paid claims
In the first two month of the year Croatian insurance companies collected EUR 312.2 million in premiums, or 8.8% more y-o-y. Of this, EUR 48.2 million (15.4%) came from life insurance, which is 1.1% less y-o-y, and EUR 264.0 million (84.6%) came from non-life insurance, which is 10.8% more y-o-y, osiguranje.hr reports.
24 March 2025CROATIA: in 2024 premiums of the Croatian insurer Wiener Osiguranje VIG up 9.1%
In 2024 GWP of the Croatian insurer Wiener Osiguranje Vienna Insurance Group (VIG), part of Austrian Vienna Insurance Group and one of the top five life insurers in Croatia, reached EUR 144.8 million, which is 9.1% more y-o-y, thanks to growth in all key business segments, SeeNews writes.
24 March 2025CROATIA: Non-life insurance generated over 85% of GWP in January
The total GWP collected by Croatian insurers in January of 2025 reached EUR 153.5 million, which is 10.17% higher y-o-y. Of that total, EUR 22.8 million (14.8%) relates to life insurance, and EUR 130.8 million (85.2%) – to non-life insurance, osiguranje.hr reports.
3 March 2025STATISTICS: Croatian market increased to almost EUR 2 billion at the end of 2024
At the end of 2024, the insurance market of Croatia totalled EUR 1.9 billion, of which EUR 335.1million (17.4%) related to life insurance premium and EUR 1.6 billion (82.6%) to non-life insurance segment, according to the YE 2024 statistics published by The Croatian Financial Services Supervisory Agency – HANFA.
19 February 2025Fortius Inter Partes acquires Link Insurance Brokers, strengthening market leadership in Croatia
Croatia’s leading insurance and reinsurance brokerage, Fortius Inter Partes, has acquired Link Insurance Brokers, a company active in the market since 2017, further solidifying its position as the market leader, Fortius announced.
30 January 2025CROATIA: claims paid in 2024 up by 8.3% vs. 2023; motor claims account for 61% of the non-life compensations
In 2024, Croatian insurers paid out a total of EUR 1.3 billion in claims, 8.3% up y-o-y, HANFA, the market authority, said. On an annual basis, the total collected premium increased by 9.9%, 11.2% for non-life and 4.2% for life insurance. The total premium collected amounted to EUR 1.9 billion
29 January 2025CROATIA: UNIQA Hrvatska achieves excellent business results in the SEE region
UNIQA Hrvatska in the SEE region (Bosnia and Herzegovina, Serbia, Montenegro, Bulgaria, Croatia and Romania), achieved excellent business results in the first nine months of 2024: according to preliminary results, the premium collected grew by 14.4%, and profit before tax amounts to EUR 6.7 million.
17 December 2024CROATIA: ANO is expanding its operations by entering the market of Bosnia and Herzegovina
ANO, the first Croatian insurance broker and one of the leaders on the domestic market, is expanding its operations by entering the market of Bosnia and Herzegovina, osiguranje.hr writes.
17 December 2024CROATIA: The market rises by 11.41% y-o-y by the end of October
The total GWP in Croatia in the first 10 months of 2024 amounted to EUR 1.6 billion, which is 11.41% more y-o-y. Of the total, EUR 271.3 million (17%) came from life insurance, and EUR 1.3 billion (83%) - from non-life, osiguranje.hr reports.
3 December 2024CROATIA: Fitch Ratings assigns A- to Croatia Osiguranje with a stable outlook
Fitch Ratings has assigned Croatia's top insurer Croatia Osiguranje (Crosig) an Insurer Financial Strength (IFS) rating of 'A-' (strong) with a stable outlook, SeeNews reports.
25 November 2024Marsh McLennan appoints Jasminka Horvat Martinović at the top of its Croatian unit
Marsh McLennan appointed Jasminka Horvat Martinović, former director of the Croatian Association of Managers CROMA, as President of the Management Board of Marsh McLennan Croatia. She replaces Iva Rogović Lekić who left the company for GrECo Specialty, in Vienna.
14 November 2024
