Croatia
STATISTICS: CROATIA, FY2018: Insurance market maintained its growth by the end of 2018
The gross written premiums of Croatian insurers totaled HRK 9.9 billion (EUR 1.3 billion) last year, up by 8.8% y-o-y, official figures show. The highest contribution to this positive evolution came from the life insurance segment and from the motor insurance lines.
30 January 2019CROATIA osiguranje gives up acquisition agreements in Bosnia & Herzegovina
CROATIA osiguranje (CO) has announced on 23 January that both agreements concluded in June last year, to acquire through its Bosnian subsidiary the full ownership of the Bosnian Testing Center LLC and the CENTRAL INSURANCE company, are canceled.
25 January 2019ERGO's Croatian subsidiaries change of ownership got the official approval
SAVA Re was granted the Croatian Financial Services Supervisory Agency's approval for the direct acquisition of the control ownership package (over 50%) of the Croatian subsidiaries of ERGO, namely ERGO Insurance and ERGO Life Insurance, both domiciled in Zagreb.
25 January 2019STATISTICS: CROATIA timeline 2008 - 2017: the MTPL prices liberalization was the event with the highest impact on the market evolution
Between 2008 and 2017, the Croatian insurance market saw an 8% decrease in business, in GWP terms. From an absolute value of EUR 1.32 billion recorded in 2008, GWP at the overall market level gradually decreased year by year, until 2015, when the market started to grow again. The positive trend seen in 2016 and 2017 was not strong enough to bring the market at the pre-crisis level.
18 January 2019Slaven DOBRIC elected as the new President of the Croatian Insurance Bureau
The Croatian Insurance Bureau (HUO) has a new management since December 10. Slaven DOBRIC, member of the Management Board of Allianz Zagreb dd and HUO's ex Deputy Chairman, was elected as President. Hrvoje PAUKOVIC was re-appointed Director of HUO for a new mandate.
7 January 2019CROATIA osiguranje, best insurer in 2018 according to the Croatian Chamber of Economy
CROATIA osiguranje is the 2018 winner of the "Zlatna Kuna" award in the insurance industry, a recognition of the relevant role played by the company in the local financial market, presented by the Croatian Chamber of Economy.
29 November 2018Croatian insurers' Jan-Oct premiums rise 9.5% y/y
27 November 2018STATISTICS: Croatia, 3Q: Positive trend, supported by the traditional life insurance and the motor insurance lines
The Croatian insurance market totaled after the first three quarters of 2018 GWP worth EUR 1.02 billion, 10.8% up y-o-y. Paid claims have increased y-o-y by 13%, to EUR 539.7 million. Top 3 insurers account together for over 52% of the market GWP.
1 November 2018CROATIA osiguranje to absorb its credit insurance unit
The Central Depository and Clearing Company - SKDD announced that Croatia Osiguranje absorbed its credit insurance unit unit Croatia Osiguranje Kredita. "The corporate action of Acquisition of the Companies will be executed on 1 October 2018", as the institution announced in a statement.
27 September 2018Croatian insurers' Jan-Aug premiums rise 10.4%
13 September 2018STATISTICS: CROATIA, 1H2018: 9.6% Y-O-Y GWP growth accompanies by a 12% increase in the claims paid
Croatian insurers reported for 1H2018 GWP worth EUR 729.43 million, 9.6% up y-o-y. Paid claims amounted to EUR 375.18 million, 12% up y-o-y. Most of the market growth was provided by the non-life segment, especially the motor insurance lines.
16 August 2018CROATIA osiguranje to absorb its credit insurance unit 6 August 2018
CROATIA osiguranje Group (CO Group), one of the largest insurer in the Adriatic region announced in the Zagreb Stock Exchange website it will merge its credit unit through absorption- CROATIA osiguranje kredita into CROATIA osiguranje.
6 August 2018CO Group realised more than half of planned GWP & profit during Jan-May
CROATIA Osiguranje announced on the Zagreb Stock Exchange website that during the first five months of the year, the value of CO Group GWP increased by 8% y-o-y.
16 July 2018STATISTICS: CROATIA, 1Q2018: paid claims went up at a double rate to premiums
The Croatian insurance market ended 1Q2018 with GWP worth EUR 373.26 million, 7.38% up y-o-y. The highest contributions to the market growth, in absolute terms, came from the traditional life insurance line and both motor insurance classes.
31 May 2018CROATIAN insurers Jan-April premiums rise 9.27%
The gross written premiums of Croatian insurers totalled 3.65 billion kuna (494.4 million euro) in the first four months of 2018, up 9.27% on the year, official figures show.
17 May 2018CROATIA: Insurance maintains growth
By the end of April, the total gross written premium of 21 insurance companies operating in Croatia was up by 9.3% y/y to HRK 3.6bn, according to the latest data provided by the Croatian Insurance Bureau (HUO).
17 May 2018CROATIA's Adris gets regulatory approval for HUP-Zagreb buyout
Croatia's financial regulator HANFA has granted permission to diversified conglomerate Adris Grupa [ZSE:ADRS] to launch a buyout bid for catering and tourism company HUP-Zagreb, Adris said.
17 May 2018Croatian insurance market's watchdog approved the merger the VIG units, WIENER and ERSTE
The Croatian Financial Services Supervisory Agency (HANFA) approved today the merger of the Croatian subsidiary of Vienna Insurance Group (VIG), Wiener Insurance, with Erste VIG, in accordance with the Merger Agreement dated 6 February 2018, the authority's website reads.
26 April 2018TRIGLAV Group to enter pension insurance market in Croatia
Slovenia's largest insurance group - TRIGLAV said it is buying a majority stake in RAIFFEISEN Bank's Croatian pension business, RAIFFEISEN Mirovinsko osiguravajuce drustvo.
25 April 2018CROATIAN insurers' end-March gross written premiums up 7.3%
19 April 2018
