Croatia
CROATIAN insurers end-Feb gross written premiums up 2.59% y/y
The combined gross written premiums of Croatian insurers totalled 1.7
billion kuna (229.5 million euro) at the end of February, up 2.59% on
the year, official figures show.
23 March 2017CROATIA's mandatory pension fund returns strengthened in 2016
Croatia's four mandatory second-pillar fund returns for 2016 outperformed the previous year's strong results.
7 February 2017STATISTICS: CROATIA, FY 2016: GWP increase close to nil
The aggregate GWP by Croatian insurers amounted to HRK 8.76 billion (EUR 1.15 billion) at the end of December 2016, up by 0.42% y-o-y, according to the Croatian Insurance Bureau. Non-life GWP increased by 0.91% to HRK 5.84 billion, while the life insurance segment went down by 0.55%, to HRK 2.92 billion. The aggregate value of paid claims was HRK 4.75 billion, or 3.67% more y-o-y.
26 January 2017Croatia: MTPL market's liberalization has brought a larger product diversification, believes the Competition Agency
Croatian passenger cars owners have benefitted from the MTPL market liberalization, as well as from the products diversification, has found a recent survey performed by the local Competition Agency. According to the survey's conclusions, the market is "competitive and well structured" and consumers currently have a better choice than in the past years.
19 January 2017CROATIA's Adris absorbs Tvornica Duhana Zagreb
Croatian diversified conglomerate Adris Grupa said on Tuesday it has
formally absorbed tobacco factory Tvornica Duhana Zagreb TDZ.
17 November 2016Slovenia, Croatia lead by insurance market development in ex-Yu region
Twenty five years after the break-up of Yugoslavia, Slovenia and Croatia
are the clear front-runners in terms of development of insurance
markets among the republics of the former federation, S&P Global
Ratings said on Monday.
15 November 2016STATISTICS: CROATIAN 3Q2016 market remained at previous year's level
Croatian insurers posted an aggregate GWP of HRK 6.74 billion (about EUR 900 million) in the first nine months of 2016, up by 0.3% y-o-y, according to the preliminary statistics published on Croatian Insurance Bureau - CIB website. Non-life GWP increased by 1% y-o-y to HRK 4.6 billion, while the life insurance segment totaled HRK 2.1 billion, or 1.2% less y-o-y.
10 November 2016CROATIAN insurers end-August gross written premiums fall 0.7% y/y
The combined gross written premiums of Croatian insurers totalled 6.1 billion kuna (813.5 million euro) at the end of August, down 0.7% on the year, the Croatian Insurance Bureau has said.
15 September 2016STATISTICS: CROATIA, 1H2016: The market remained relatively at the 1H2015 level
According to the half year report on insurers' performance published by the Croatian Insurance Bureau - HUO, in 1H2016 the local insurance industry fairly remained at the 1H2015 level, the GWP volume by the 23 active insurers totalling EUR 640.7 million (HRK 4.81 billion) - 0.12% more y-o-y. Per segments, life GWP went down by 2.3% y-o-y to EUR 202.7 million, while the 18 non-life insurers wrote premiums of EUR 438 million, up by 1.3% y-o-y.
18 August 2016CROATIA's Olderst Insurance Company Enters Slovenian Market
Adris Group and Croatia osiguranje, the insurance company owned by
Adris, have received permission from the Slovenian Agency for
Supervision of Insurers (AZN) for a direct access to the Slovenian
market, reports Poslovni.hr on August 13, 2016.
17 August 2016CROATIA: Adris Group nets HRK 151m in profits
In the first half of 2016, the Adris tourism and insurance group netted HRK 151 million in profits which, despite the sale of its tobacco business, is the same as at the same time in 2015, when net profits were HRK 150 million, the group said on Friday.
1 August 2016STATISTICS: CROATIA Q1: Top 3 insurers accounted for more than half of market
According to the data published by the Croatian Insurance Bureau, in the first three months of the current year, the insurance market totaled HRK 2.52 billion (about EUR 336 million), 0.5% lower than in the 1Q2015.
23 June 2016Croatia Osiguranje gets regulatory nod to acquire indirect stakes in Velebit insurance cos
Zagreb-based insurer Croatia Osiguranje [ZSE:CROS-R-A] said on Monday it has gained regulatory approval to indirectly acquire qualified stakes of more than 10% each in local peers Velebit Osiguranje and Velebit Zivotno Osiguranje.
2 June 2016CROATIA's Adris Grupa seeks regulatory nod to boost stake in Slovenia's Sava Re
Croatian diversified conglomerate Adris Grupa [ZSE:ADRS-R-A] confirmed on Thursday that it has requested the permission of Slovenia's insurance regulator to increase its stake in re-insurer Sava Re.
23 May 2016CROATIA: Allianz Zagreb gross profit rises to 125.6 mln kuna in 2015
Croatian insurer Allianz Zagreb said on Friday its gross profit amounted
to 125.6 million kuna (16.7 million euro) last year, an increase of
11.9 million kuna compared to 2014. Gross premiums edged down 2.2% to
1.19 billion kuna in 2015, while the solvency margin stood at 254.3%, up
5.2% on the year, Allianz Zagreb said in a statement.
22 March 2016CROATIAN conglomerate increases stake in Sava Re
A Croatian conglomerate which controls Croatia's biggest insurer has reportedly increased its stake in Slovenian insurance and reinsurance group Sava Re. Business daily Finance writes that nearly EUR 10m in trade with Sava Re shares on Friday involved block deals with which Adris grupa bought 4.4% of Sava Re.
14 March 2016CROATIA: UNIQA 2015 pre-tax earnings surge 38% y/y
Austrian insurance group UNIQA said on Thursday its earnings before taxes from operations in Croatia surged to 5.5 million euro in 2015 fiscal year from 4 million euro a year earlier.
11 March 2016CROATIAN insurers Jan gross written premiums down 0.84% y/y
Croatian insurers posted combined gross written premiums of 869.5 million kuna (114 million euro) in January, down 0.84% on the year, the Croatian Insurance Bureau said.
24 February 2016STATISTICS: CROATIA: Positive trend in GWP driven by the life insurance lines
Despite the falling MTPL premium figures, the Croatian insurance market saw an overall positive trend in 2015, with total GWP going up by 2.26%, to EUR 1.14 billion. The life insurance segment's weight in the total portfolio increased by 3pp, to 33.6%, due to the positive evolution which led to an 11.6% in GWP. On the non-life segment premiums went down by almost 2%, driven by the falling tariffs on the MTPL line.
28 January 2016CROATIAN insurers 10-mo gross written premiums up 1.82% y/y
Croatian insurers posted combined gross written premiums of 7.36 billion kuna (966.5 million euro) in the first ten months of 2015, up 1.82% on the year, the Croatian Insurance Bureau said on Thursday.
17 November 2015
