Insurance statistics - Croatia


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

CROATIAN insurers 3Q2013 GWP up 1.0%

Croatian insurance market totaled HRK 6.9 billion (EUR 910 million) in the first nine months of 2013, up 0.96% from a year earlier, according to the financial figures published by the Croatian Insurance Bureau. As in previous reporting periods, the market leaders were CROATIA Osiguranje with a 30.5% market share, followed by ALLIANZ Zagreb with 13.2% and EUROHERC (10.2%).

OTP in bid for privatized Croatian bank

Hungary's biggest lender OTP is among the companies looking to bid in the privatization of Croatia-based Hrvatska Postanska Banka and national insurance company Croatia Osiguranje, Croatia's post bank and insurance company.

CROATIA 1H2013: life insurance gives the upward trend of the market

The first half of 2013 ended for the Croatian insurers with a total GWP premium fairly equal to the one recorded in 1H2012, of HRK 4.9 billion (0.35% up y-o-y). Denominated in European currency, due to a minor appreciation of the Croatian Kuna, the figures show a slightly better image, with a nominal y-o-y growth rate of 1.14%, to EUR 659.5 million. The life insurance segment deserves all the credit for this positive trend, showing a 5.9% growth in local currency, while GWP for the non-life business lines decreased by 1.4%.

CROATIA: VIG, AIG, Ergo file expressions of interest for stake in CO

A total of seven companies, including Vienna Insurance Group (VIG), American International Group (AIG) and German insurer Ergo Versicherungsgruppe AG, filed expressions of interest for a stake in Croatia Osiguranje [ZSE:CROS-R-A], Zagreb-based media reported on Tuesday.

CROATIA: CO raising stake in Slovenian insurance company

Croatia's Croatia Osiguranje (CO) insurance company is continuing to increase its share in Slovenia's Pozavarovalnica Sava, planning to acquire a controlling interest, Ljubljana's Dnevnik daily said on Wednesday.

CROATIA, 1Q2013: Life insurance up by 7.8%, while non-life remained "in red"

For the first quarter 2013, the 27 Croatian insurance companies generated HRK 2.52 billion (EUR 332 billion) in gross written premiums, a 0.7% decrease compared with the same period last year, according to the figures published by the Croatian Insurance Bureau. The market leaders were CROATIA Osiguranje with a 35.7% market share, followed by ALLIANZ Zagreb with 13.5% and EUROHERC (8.5%).

CROATIA: Top insurer sees growth potential ahead of sale

Croatia's top insurer will not sacrifice profit margins as the price of expansion as looks to keep its dominant local position and strengthen its regional presence ahead of a government stake sale, its CEO said.

VIG consolidates, rebrands operations in CROATIA

Vienna Insurance Group (VIG) said the entity resulting from the merger of its Croatian units Kvarner and Helios will operate under the brand Wiener Osiguranje Vienna Insurance Group as of June.

CROATIA: insurers 4-mo gross written premiums up 0.3%

Croatia's 27 insurers posted combined gross written premiums of 3.28 billion kuna ($563.8 million/431 million euro) in the first four months of 2013, up 0.3% from a year earlier, the Croatian Insurance Bureau said.

CROATIAN insurers Jan-Feb gross written premiums down 0.7%

Croatia's 27 insurers posted combined gross written premiums of 1.7 billion kuna ($290.2 million/224.1 million euro) in the first two months of 2013, down 0.7% from a year earlier, the Croatian Insurance Bureau said.

VIDEO: The Croatian insurance market is almost ready for the EU accession

"Although we are witnessing a slight decrease in premium production for forth consecutive year, the Croatian insurance market remains sound and stable. Considering the general economic perspectives, we are not really projecting growth for 2013, but there are some signs of recovery and we are expecting a steady evolution," stated Hrvoje PAUKOVIC, Director of the Croatian Insurance Bureau for XPRIMM.TV.

Steady performance in turbulent times for CROATIA Osiguranje

CROATIA Osiguranje Group, one of the largest and oldest insurance firm in the Balkans, reported for the financial year 2012 a net profit of HRK 110.3 million (EUR 14.6 million) which is an increase of 0.6% y-o-y. The value of gross written premium amounted to HRK 3.16 billion (EUR 419 million), down 2.5% from the year before.

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).