Croatia
CROATIA, FY2012: The fourth consecutive year-end in red
As in previous reporting periods, the activity of Croatian insurers is still influenced by the macroeconomic indicators, such as the economic growth, unemployment or the real income. Last year, 12 out of the 27 insurers recorded decreases in GWP. Practically, in 2012, the Croatian insurance market totaled HRK 9.04 billion (EUR 1.19 billion), 1.17% down from a year earlier, according to the financial data published by Croatian Insurance Bureau (HUO).
14 February 2013CROATIAN insurers Jan gross written premiums rise 1.8% y/y
Croatia's 27 insurers posted combined gross written premiums of HRK
887.3 million kuna in January, up 1.8% from a year earlier, the Croatian
Insurance Bureau said on Tuesday.
13 February 2013CROATIA: VIPNET expands mobile insurance service
Croatian mobile operator VIPNET has announced that its mOsiguranje (mInsurance) service now offers users more options.
7 January 2013CROATIA: Insurers 11-mo gross written premiums down 1.3%
Croatia's 27 insurers posted combined gross written premiums of HRK 8.2
billion (EUR 1.1 billion) in the first eleven months of 2012, down 1.3%
from a year earlier, the Croatian Insurance Bureau said.
7 January 2013CROATIA Osiguranje intends to place takeover bid for CROATIA Lloyd
Insurer CROATIA Osiguranje said on Wednesday it intends to place a
takeover bid for local reinsurer CROATIA Lloyd. CROATIA Osiguranje
currently holds 137,299 CROATIA Lloyd shares, equal to a 94.64% stake, a
bourse filing indicated.
20 December 2012CROATIA 11-months new car sales drop 23%
New passenger car sales in Croatia fell 23% to 30,029 vehicles in the
first eleven months of the year, market research agency Promocija Plus
said on Wednesday.
6 December 2012CROATIA Osiguranje eyes role in Zagreb airport expansion project
Insurance company CROATIA Osiguranje said on Tuesday it is interested in
taking part in the project for expansion of the Zagreb airport.
5 December 2012CROATIAN insurers 10-mo gross written premiums down 1.5%
Croatia's 27 insurers posted combined gross written premiums of 7.5
billion kuna (994.4 million euro) in the first ten months of 2012, down
1.5% from a year earlier, the Croatian Insurance Bureau said.
22 November 2012CROATIA Osiguranje, 3Q2012: Net profit up 32%
The net profit reported by CROATIA Osiguranje Group for the first nine months of 2012 amounted to HRK 113 million (EUR 15.2 million) which is an increase of 32% compared to 3Q2011. For the same period, the value of gross written premium amounted to HRK 2.53 billion (EUR 340 million), reporting a decrease of 3.2%. The non-life GWP decreased by 3.6% to HRK 2.25 billion (EUR 302 million), while the life GWP totaled HRK 280.6 million or EUR 38 million (0.3% more), according to the Unaudited Consolidated Financial Statements published by the company.
21 November 2012VIG plans to merge two of its CROATIAN units
VIENNA Insurance Group said on Monday it plans to merge two of its
Croatian units, KVARNER VIG and HELIOS VIG, in a bid to create a new
powerful brand name, WIENER Osiguranje.
13 November 2012CROATIA: ALLIANZ 9-mo operating profit down 17%
German financial services group ALLIANZ said on Friday its operating
profit from insurance operations in Croatia fell 17% to EUR 10 million
in the first nine months of 2012.
12 November 2012CROATIA Osiguranje: One step closer to privatisation
In response to the public tender opened in July, calling for consultation services needed in view of selling about 50% of its ownership stocks in CROATIA Osiguranje, the Croatian Finance Ministry has received four bids from well known international consultants: KPMG Croatia along with its partners KPMG Budapest, KPMG Milano & Wolf Theiss, Lazard Freres of Paris in partnership with Ernst&Young Paris, the French BNP Paribas bank together with its partner Interkapital Vrijednosni Papiri of Zagreb and Deloitte Zagreb with nine other partners.
1 November 2012CROATIA, 3Q2012: GWP down by 1.7% according CIB
In the first nine months of 2012, the 27 Croatian insurance companies generated HRK 6.87 billion (EUR 921.8 million) in gross written premiums, an 1.7% lower figure compared to the same period last year, as Croatian Insurance Bureau (CIB) reported.
24 October 2012CROATIA: MERKUR Osiguranje completes cap hike
Croatian insurer MERKUR Osiguranje has completed a capita increase to HRK 75.3 million (USD 13 million / EUR 10 million) from HRK 45 million, the Central Depository and Clearing Company, SKDD, said.
18 October 2012CROATIA: Adris Group interested in acquiring insurance giant Triglav
Croatian tobacco and tourism company Adris Group could soon buy out Slovenian insurance giant Triglav, according to reports.
4 October 2012CROATIA: Insurers 8-mo gross written premiums down 1.4%
Croatia's 27 insurers posted combined gross written premiums of 6.2
billion kuna ($1.1 billion/837 million euro) in the first eight months
of 2012, down 1.4% from a year earlier, the Croatian Insurance Bureau
said on Thursday.
17 September 2012CROATIA: Insurers 7-mo gross written premiums edge down 1.0%
Croatia's 27 insurers posted combined gross written premiums of 5.6 billion kuna ($929 million/751 million euro) in the first seven months of 2012, down 1.0% from a year earlier, the Croatian Insurance Bureau said.
30 August 2012CROATIAN insurers' premium income falls 1% in 1H2012
Croatia's 27 insurers posted combined gross written premiums of HRK 4.89 billion (EUR 652 million) in the first half of 2012, down 1.0% from a year earlier, showed the financial figures recently published by the Croatian Insurance Bureau.
16 August 2012CROATIA: Croatia Osiguranje H1 cons net profit rises 36%, premiums fall
Insurer Croatia Osiguranje said on Monday its consolidated net profit rose 36.4% on the year to 81.7 million kuna in the first half of 2012.
13 August 2012CROATIA: Gov't to privatize biggest public insurance co.
The center-left Croatian government plans to privatize Croatia Osiguranje (CO), the country's biggest insurance company with one third of national market share, local press made known today.
13 August 2012
