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.

Despite a 9.49% y-o-y decrease in GWP, the traditional life insurance policies dominate the life portfolio (HRK 2.24 billion) followed by unit-linked products (HRK 485 million), which in turn have experienced a doubling of the volume of underwritings.

In the non-life sector - the two motor subsegments (MTPL and MoD), property products and A&H policies (accident and health, summed) - generate together about 84% of non-life GWP or more than 55% of total market.

On the life segment, ALLIANZ Zegreb was the market leader (18.50% market share), followed by CROATIA osiguranje (18.28%) and WIENER VIG (10.00%).

CROATIA Osiguranje led the non-life ranking (29.70% of the market share), followed by EUROHERC Osiguranje - (14.42%) and ALLIANZ Zagreb (9.87%).

Access www.xprimm.com and download the FY2016 Croatian insurance market statistics.

Market portfolio (in EUR and HRK):

• Gross written premiums
• Paid claims
• Growth rates

Market rankings (GWP/Market shares/Growth rates - in EUR and HRK):

• Overall market
• Life insurance
• Non-life insurance