The year-end results published the by Croatian Insurance Bureau reveal that GWP from non-life insurance rose by 4.68% y-o-y to HRK 6.11 billion, while the life insurance segment totaled HRK 2.94 billion, up by 0.76% y-o-y.
In the non-life sector, the two motor subsegments (MTPL and MoD) and property products (fire, allied perils and other damages to property, summed) - generate together about 68% of non-life GWP or more than 45% of total market.
Despite a 1.04% y-o-y decrease in GWP, the traditional life insurance policies dominate the life portfolio (HRK 2.21 billion), representing 75% of the mentioned segment, or about a quarter of total market.
According to the market statistics published by Croatian Insurance Bureau, during the yere there were twenty-one active insurers in Croatia. The largest insurer in the country was CROATIA Osiguranje (26.91% market share) followed by ALLIANZ Zagreb (12.66%) and EUROHERC Osiguranje (10.11%).
Access www.xprimm.com and download the FY2017 Croatian insurance market statistics.
Market portfolio (in EUR and HRK):
- Gross written premiums
- Paid claims
- Growth rates
- Overall market
- Life insurance
- Non-life insurance