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

Croatia 1Q2019 Market Portfolio

Croatia 1Q2019 Insurance Companies Rankings


See all statistics

Latest news

ADRIS Grupa to invest EUR 60 million in insurance by 2023

CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced it plans to invest HRK 3 billion (EUR 400 million) in developing its three main business segments by 2023.




CROATIA: HANFA establishes regulatory Innovation Hub

The Croatian Financial Services Supervisory Agency (HANFA) has established a regulatory Innovation Hub, a specialized team dedicated to the issue of regulating financial innovation - FinTech, InsurTech, RegTech.



ALLIANZ Zagreb will have a new Chairman of the Board

Daniel MATIC is the new candidate for the opened position as Chairman of the Board inside Allianz Zagreb, Croatia. He will replace Boris GALIC after getting the necessary approvals from the regulator.


CROATIA: February 2019 GWP increased by +5.76% y-o-y

In February 2019 total GWP value in Croatia reached HRK 1,818,336,162 (EUR 245 million), an increase of HRK 129,584,639 (+5.76%) compared to February 2018. Non-life GWP represented 76.51%, while Life classes reached a 23.49% share.



Davor TOMASKOVIC takes over CROATIA Osiguranje

CROATIA Osiguranje's Supervisory Board appointed, on 30 January, Davor TOMASKOVIC as a member of the Management Board. Upon completion of the prescribed procedure and regulatory approvals, the Supervisory Board will appoint Davor TOMASKOVIC as President of the company's Board.

Ante ZIGMAN (HANFA) was elected as member of EIOPA Mediation Panel

Ante Zigman, the President of Management Board from HANFA (Croatian Financial Services Supervisory Agency) was elected as member of EIOPA Mediation Panel. The Mediation Panel is responsible to mediate and resolve in an impartial manner the disputes between national competent authorities.




STATISTICS: CROATIA timeline 2008 - 2017: the MTPL prices liberalization was the event with the highest impact on the market evolution

Between 2008 and 2017, the Croatian insurance market saw an 8% decrease in business, in GWP terms. From an absolute value of EUR 1.32 billion recorded in 2008, GWP at the overall market level gradually decreased year by year, until 2015, when the market started to grow again. The positive trend seen in 2016 and 2017 was not strong enough to bring the market at the pre-crisis level.