Croatia

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Location map
author: OCHA/ ReliefWeb


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

Climate:
- 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
Surface:56,594km2
Population*:4.1million
Pop. density*:72.4people/km2
GDP*:51.4EUR billion
GDP/capita*:12,541.8EUR

European Union:
EU member, since 2013

Currency: Kuna
Code: HRK
Since: 1994


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:32%
TOTAL NON-LIFE*:68%
Overall Property*:14%
Overall Motor*:33%


Sources:




 


Statistics

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Croatia 1H2020 Insurance Companies Rankings

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Croatia 1H2020 Market Portfolio


See all statistics

Latest news

CROATIA: Market regulator approves takeover bid by ADRIS for the remaining free float in CO

Market regulator HANFA on Friday announced that it has approved a takeover bid by Adris for the remaining free float in insurer Croatia Osiguranje. The obligation to make the bid was triggered by the purchase of a 39.7% stake from the government, with which it acts in concert. For the remaining 54,096 common and preferred shares of Croatia Osiguranje, Adris is offering HRK 7,412.25 per share, equal to the price paid for the government stake and new shares issue in the capital increase, valuing the free float at HRK 401mn.


UNIQA completes acquisition of Baloise's subsidiaries in Croatia and Serbia

UNIQA Insurance Group AG (UNIQA) completed the acquisitions in full of the Croatian and Serbian insurance operations of the Swiss Baloise Group on March 11. The relevant agreements were closed following approval by all of the Austrian, Croatian and Serbian authorities involved. The agreement on the acquisition of Baloise's subsidiaries in Croatia and Serbia by UNIQA was signed in October 2013. The price for the acquisition is 75 million euros.

CROATIA FY2013: Tied score in the 2013/2012 match

The 2013 results of the Croatian insurance market show a 0.4% growth in GWP, when denominated in local currency, but a 0.8% decrease in euro, reflecting, in fact, a stagnant status of the insurance business. Total GWP amounted to aprox. EUR 1.2 billion, with a 28% share of life insurance premiums.

CROATIA selects binding offer of the Rovinj-based Adris Grupa

The Croatian government on Wednesday selected the binding offer of the Rovinj-based Adris Grupa for the acquisition of a portion in the Croatia Osiguranje insurer, as it offered 905 million kuna for 39.05% of the ordinary stock in the insurance company, which means EUR 970.45 per share.

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.