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
- Overall market
- Life insurance
- Non-life insurance