Gross premium charged by 26 insurance companies in Croatia amounted to HRK 4.95bn at the end of June this year, which is 2 percent less than in the same period last year, the Croatian Bureau of Insurance (HUO) report

According to cumulative data from the Croatian Insurance Office for the first five months, 26 insurance companies had calculated gross premiums of €0.57 billion, 1.5% less year-on-year.

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In the first three months of the year, Croatia's insurance companies posted a 13-percent high profit than in the same period last year. According to the preliminary data posted by the Croatian Financial Services Supervisory Agency (HANFA), the combined net profit of 27 insurance companies amounted to HRK 146.4m, versus HRK 129.6m in Q1 2010.

The gross underwritten premiums of the 26 operating companies on the Croatian market, during January - April of 2011, went down by 0.7%, to EUR 447.40 million, in comparison with the same period of 2010 (EUR 450.70 million). Altogether, paid claims by the insurance companies accounted for EUR 195.99 million, 2.5% more when comparing to the results of the first four months belonging to 2010, when the level of indemnities was EUR 191.06 million, according to the official data published by the Insurance Bureau of Croatia (HUO).

According to the preliminary data published by the Insurance Bureau in Croatia, in the first two months of the current year the insurance market recorded a gross written premium's volume of KN 1.66 billion (about EUR 225.06 million), 2.1% higher than in the same period of last year.

CROATIA Zdravstveno Osiguranje, specializing in health insurance segment, a member of CROATIA Osiguranje Group, registered in 2010, according to preliminary data, a gross profit of KN 5.7 million (about EUR 767,700), up 0.3% compared to 2009.

Croatian insurance group CROATIA Osiguranje recorded last year a net profit of KN 88.75 million (EUR 12 million), 57% less than in 2009, when the same indicator was pointing KN 155.61 million (EUR 21 million), according to preliminary financial reports published by the Zagreb Stock Exchange. Also, during 2010, CROATIA Osiguranje recorded total revenues KN 3.64 billion (approximately EUR 491.5 million), 10% less than in 2009.

In January 2011, 26 Croatian insurers registered an underwritings volume of EUR 115.8 million, dropping EUR 10.12 thousand from January 2010, according to the preliminary data remitted by the Croatian Insurers Office.

1.11.2010 (SEE Biz)
Croatia Insurance Groupachieved revenues of HRK 2,744.9 million in the first nine months of 2010, representing a decrease of 9.5% as compared to the same period of the previous year.

Croatian insurance companies reported gross insurance premiums of EUR 0.22 billion, a 1% decrease over the same period last year, according to cumulative data from the Croatian Insurance Bureau for January and February 2010.

Total gross premiums charged by Croatia's 27 insurance companies at the end of October this year amounted to approximately EUR 1,1 billion, which is 2.5 percent less compared with the first ten months last year, according to limun.hr.

The insurance companies operating in Croatia reported a combined premium income of HRK 5.95 billion (EUR 814.5 million), in increase by 1.53% compared to the same period of last year (EUR 826 million).

In the first five months of the year, Croatian insurance market amounted a combined gross premium of HRK 4.29 billion (EUR 590 million), the Croatian Financial Services Supervisory Agency (HANFA) reports.

Croatian insurance companies recorded a combined premium income of EUR 348.7 million in the first quarter of this year, as compared with EUR 340.5 million in the respective period of last year, the Croatian Financial Services Supervision Agency said.

In January 2009, the premium in financial loss insurance was up 73.3 percent year-on-year, while the loan insurance premium fell 16.1%, the Croatian Insurance Bureau (HUO) reports. However, the amounts are still far below potentials, so loan insurance premium in January reached only EUR 1.2 million, while financial loss insurance premium slightly exceeded EUR 2.1 million.

Slovenia's largest reinsurer SAVA Re is set to buy two small insurers in Croatia by the end of March as part of its expansion in the Western Balkans, it said in a statement on Tuesday.

Total gross premium charged by 25 Croatia's insurance companies amounted to EUR 1.3 billion last year, which is 83 million or 6.8 percent more compared with the similar period of 2007, according to limun.hr.

Promotional activities of the Croatian insurers and reinsurers will not be allowed to contain promises, assessments or percentages of their future performance, according to Croatian Financial Services Supervision Agency (HANFA).

The life insurance market of Croatia is the least concentrated compared to the other markets of Central and Eastern Europe (CEE) and the former USSR. The South-European insurance market is followed by Russia and Greece, as set out in the analytical report "TOP-Insurer.