STATISTICS: CROATIA, FY2017: The insurance market exceeds EUR 1.2 billion in GWP

The aggregate GWP of Croatian insurers increased to HRK 9.05 billion (EUR 1.20 billion) in 2017, up by 3.38% y-o-y, as official data show.

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

  • Overall market
  • Life insurance
  • Non-life insurance

Share |

Related articles

CROATIA osiguranje to absorb its health insurance unit

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.

2017-06-29

ON THE MOVE

Three new appointments at XL Catlin insurance operations

XL Catlin insurance operations announced on 4 June three appointments: Donnacha SMYTH as President Global Excess Casualty Insurance; Carla GREAVES as Chief Underwriting Officer, Global Excess Casualty; Aurelie FALLON SAINT-LO as Senior Underwriter, Environmental and Client & Distribution Leader for Western France.

07.06.2018

TOP EVENT

LIVE: BAKU: "Insurance in Azerbaijan: New perspectives" Conference

The annual and most important insurance event within the Caucasus region - "Insurance in Azerbaijan: New perspectives", started today, in Baku, organized by XPRIMM and Azerbaijan Insurers Association, with the official support of the Financial Market Supervisory Authority of Azerbaijan.

20.06.2018

5th Annual Insurance Business Forum "Challenges of the Year 2018"

will take place on September 17-21, 2018 in Sochi
The upcoming Forum, supported by the All-Russian Union of Insurers (ARIA), will logically continue a detailed discussion of the most pressing issues previously raised at ARIA events in 2018: Insurance and Reinsurance International Congress in Moscow and Insurance International Conference in St. Petersburg.

12.06.2018

See all