Location map
author: OCHA/ ReliefWeb

- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Slovenia, Hungary, Serbia, Bosnia and Herzegovina, Montenegro.

- Mediterranean and continental;
- continental climate predominant with hot summers and cold winters;
- mild winters, dry summers along coast.

Natural hazards:
- destructive earthquakes.

Macro indicators
* 2018 estimates
Pop. density*:72.4people/km2
GDP*:51.4EUR billion

European Union:
EU member, since 2013

Currency: Kuna
Code: HRK
Since: 1994

Insurance market portfolio
* 2018 estimates
Overall Property*:14%
Overall Motor*:33%




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Croatia 1H2020 Insurance Companies Rankings

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Croatia 1H2020 Market Portfolio

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Latest news

STATISTICS: 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.

CROATIA's Adris Grupa plans listing abroad in 2018

Croatian diversified conglomerate Adris Grupa said on Friday it plans to list abroad in 2018. "Our goal, with the help of leading global consultants, is to prepare the company for listing on one of the world bourses in 2018," Adris Grupa said in a filing to the Zagreb bourse.

STATISTICS: CROATIAN insurers 3Q GWP up by 2.43% y-o-y

Croatian insurers posted aggregate GWP of HRK 6.72 billion (about EUR 881 million) in the first nine months of 2015, up 2.43% y-o-y, according to the preliminary statistics published on Croatian Insurance Bureau website. Non-life GWP decreased by 2.65% y-o-y to HRK 4.55 billion, while the life insurance segment totaled HRK 2.17 billion, or 15.04% more.

Three weeks until the "Croatian Insurance Days"

The event's keynote speaker, Prof. Karel Van Hulle, KU Leuven and Goethe University Frankfurt, Chairman of the IRSG of EIOPA will give a speech on the "Framework for Insurance Regulation and Supervision in the EU: Initiatives and Further Expectations".

Croatian Insurance Bureau to assist NBMI in educating the Montenegrin population in insurance

Last week, Boris SABAN, Executive Manager of NBMI - National Bureau of Montenegro Insurers, and Hrvoje PAUKOVIC, Manager of CIB - Croatian Insurance Bureau, signed a Protocol on cooperation binding both institutions to cooperate on the plan of increasing the financial knowledge of the general population as well as of the financial sector, specifically on the insurance. On this ocassion, Hrvoje PAUKOVIC pointed out the current situation on the insurance market in Croatia. At the same time, he presented the atmosphere before and after the accession to EU from the experience of this market as well as about the project on educating the general population on the insurance.

STATISTICS: CROATIA, 1H2015: MTPL still hurt by intense competition

The first half of 2015 ended for the Croatian insurance market with a 3.65% growth in GWP, to HRK 4.8 billion (EUR 640 million). The non-life segment recorded a negative change, with GWP decreasing by almost 3% driven by a drop of more than 10%, of the MTPL insurance class. Overall, the motor insurance segment lost some 5pp of its weight in the market.

STATISTICS: CROATIAN insurers 2014 GWP down by 5.7% due the negative rates reported on the main non-life sub-segments

Croatian insurers reported gross written premiums of HRK 8.56 billion (EUR 1.11 billion) in 2014, down 5.68% y-o-y, according to the preliminary market figures published by the Croatian Insurance Bureau. On insurance classes, the non-life segment saw a 9.4% decrease, to HRK 5.92 billion, while the life insurance segment generated a business volume of HRK 2.64 billion, up by 3.9% compared to FY2013.

VIG 9-mo pre-tax profit in CROATIA rises 2.0%

Vienna Insurance Group (VIG) said on Tuesday its profit before taxes from operations in Croatia rose 2.0% to 5.9 million euro  in the first nine months of 2014.

STATISTICS: CROATIAN insurers 3Q GWP down 5.4% according CIB

According to the latest data from the Croatian Insurance Bureau (CIB), the 25 insurance companies active on the market wrote gross premium in the amount of HRK 6.6 billion (EUR 860.3 million) by the end of September 2014, which is 5.4% less y-o-y. The life insurance segment increased in GWP by 4.1%, while the non-life sector declined by 8.7%.

CROATIA: More property insurance awareness needed, say Allianz experts

Experts from Allianz S.E. have said that the take-up of property insurance is low in Croatia, reports. Following the May floods that hit the Slavonia region, people had started exploring property insurance more, but the level of awareness remains low, the experts said. Increased awareness about property insurance would lead to increased sales of this type of insurance, they added.

CROATIA's ADRIS says biggest SEE insurers possible acquisition targets

Croatian tobacco-to-tourism conglomerate ADRIS Grupa said on Monday it consistently strives to be the regional leader in all fields of its operation, including the insurance market which it entered earlier this year. This goal could be achieved through organic growth or acquisitions and, in this sense, ADRIS is also interested in the region's biggest insurers, the Croatian company said in a statement.

CROATIAN insurers 8-mo gross written premiums down 5.1%

Croatian insurers posted combined gross written premiums of HRK 5.96 billion (USD1.0 billion/ EUR 781.7 million) in the first eight months of 2014, down 5.1% compared to the same period last year, the Croatian Insurance Bureau said on Friday.

CROATIAN insurers 5-mo gross written premiums down 4.5%

Croatian insurers posted combined gross written premiums of 3.93 billion kuna (518.4 million euro) in the first five months of 2014, down 4.5% compared to the same period last year, the Croatian Insurance Bureau said.

CROATIAN insurance market decreased by 2.7% in Q1 2014

According to the preliminary data published by the Croatian Insurance Bureau, in the first three months of the current year, the insurance market totaled HRK 2.45 billion (about EUR 320 million), 2.7% lower than in the 1Q2013.