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CROATIAN 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 2015CROATIA'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.
3 November 2015STATISTICS: 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.
29 October 2015CROATIA's Adris Grupa pres declines J&T meeting amid hostile takeover bid talk
Croatian diversified conglomerate Adris Grupa said on Tuesday that the
president of its managing board, Ante Vlahovic, has declined to meet
with Czech-Slovak investment fund J&T amid media reports that the
fund is mulling a hostile takeover of the Croatian group.
26 October 2015Three 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".
15 October 2015Croatian 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.
1 October 2015STATISTICS: 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.
10 September 2015STATISTICS: Croatian insurers' gross written premiums, up by 3.76% in Q1
The GWP underwritten by Croatian insurers totaled HRK 2.54 billion (EUR 332.34 million) in the first quarter of 2015, up by 3.76% y-o-y, the Croatian Insurance Bureau announced. The value of paid claims by insurers totaled HRK 1.06 billion, 1.22% less y-o-y.
13 May 2015STATISTICS: 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.
30 January 2015VIG 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.
19 November 2014STATISTICS: 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%.
30 October 2014CROATIA: 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, Domivrt.vecernji.hr 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.
9 October 2014CROATIA'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.
17 September 2014CROATIAN 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.
15 September 2014STATISTICS: CROATIA 1H2014: The market leader was responsible for almost 70% of the overall market decrease
Croatian insurers reported for 1H2014 a GWP volume of EUR 618 million, down by 6.3% y-o-y. Almost 70% of the negative difference in volume was generated by the falling business volume of the market leader, CROATIA Osiguranje which ended 1H2014 with 13% y-o-y decease in GWP, to EUR 188 million.
4 September 2014CROATIA: ALLIANZ Group H1 operating profit from life insurance down 17%
German financial services group Allianz said on Friday its operating profit on the life/health segment in Croatia quadrupled to 8.0 million euro (USD 10.7 million) in the first half of 2014.
12 August 2014CROATIAN 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.
17 June 2014CROATIAN 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.
12 June 2014XPRIMM Newsletter
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