Croatia tops a list of 33 European countries in terms of the impact of economic losses from natural disasters on the country's GDP between 1980 - 2015 but lags behind when it comes about the insured losses, Total Croatia News reports.
Croatian insurers reported aggregate GWP of HRK 6.9 billion (about EUR 922 million) in the first nine months of 2017, up by 2.6% y-o-y, according to the quarterly market figures published by Croatian Insurance Bureau - CIB website.
The gross written premiums of Croatian insurers totalled 6.2 billion kuna ($968.9 million/826.8 million euro) at the end of August, up 2.82% on the year, official figures show.
Croatia's Adris Grupa has unofficially again failed to get the regulatory clearance to increase its stake in Slovenian insurance group Sava Re to 33%, the newspaper Delo reported in its online edition on Tuesday.
The combined gross written premiums of Croatian insurers totalled 5.7 billion kuna (770.6 million euro) at the end of July, up 2.39% on the year, official figures show.
CROATIA Osiguranje Group, one of the largest insurer in the Adriatic region -, posted a first-half net profit of HRK 102 million (EUR 13.8 million), up 37% on the year.
The aggregate GWP of Croatian insurers totalled HRK 4.93 billion (EUR 665 million) at the end of June, up by 2.42% on the year, according to the market statistics published on the website of the Croatian Insurance Bureau - CIB.
HANFA - the Croatian Financial Services Supervisory Agency informed on its website it has approved the merger through absorption between CROATIA osiguranje and its private health insurance unit - CROATIA zdravstveno osiguranje.
Adris Grupa, a Croatian financial group, has once again requested clearance to increase its stake in Slovenia's Sava Re beyond 33%, after the Agency for Insurance Supervision rejected its its first request in October 2016, Siol.net reported on Friday.
Croatian diversified conglomerate Adris Grupa [ZSE:ADRS-R-A] said on Thursday it will invest an additional four billion kuna ($604.7 million/540.2 million kuna) in its businesses by 2021, two billion of which will be directed towards tourism.
The aggregate GWP by the 23 Croatian insurers members of the Croatian Insurance Bureau was of HRK 2.58 billion (EUR 345 million) in 1Q, up 2.26% on the year, as CIB quarterly figures show.
The largest Croatian insurer - CROATIA Osiguranje (CO), member of ADRIS Group, announced it has concluded a purchase agreement for the acquisition of CARDIF Osiguranje insurance company from BNP PARIBAS.
The combined gross written premiums of Croatian insurers totalled 3.3 billion kuna (444.1 million euro) at the end of April, up 1.11% on the year, official figures show.
Croatia osiguranje (Croatia Insurance), a member of Adris Group, will take over Cardif Osiguranje insurance company from BNP Paribas.
Croatia's anti-trust regulator, AZTN, said on Thursday it has approved the acquisition of 100% of Societe Generale Splitska banka by the local unit of Hungary's OTP Group, OTP Banka Hrvatska.
The combined gross written premiums of Croatian insurers totalled 1.7
billion kuna (229.5 million euro) at the end of February, up 2.59% on
the year, official figures show.
Croatia's four mandatory second-pillar fund returns for 2016 outperformed the previous year's strong results.
The aggregate GWP by Croatian insurers amounted to HRK 8.76 billion (EUR 1.15 billion) at the end of December 2016, up by 0.42% y-o-y, according to the Croatian Insurance Bureau. Non-life GWP increased by 0.91% to HRK 5.84 billion, while the life insurance segment went down by 0.55%, to HRK 2.92 billion. The aggregate value of paid claims was HRK 4.75 billion, or 3.67% more y-o-y.
Croatian passenger cars owners have benefitted from the MTPL market liberalization, as well as from the products diversification, has found a recent survey performed by the local Competition Agency. According to the survey's conclusions, the market is "competitive and well structured" and consumers currently have a better choice than in the past years.