STATISTICS: CROATIAN insurers 2014 GWP down by 5.7% due the negative rates reported on the main non-life sub-segments

Croatian insurers reported gross written premiums of HRK 8.56 billion (EUR 1.11 billion) in 2014, down 5.68% y-o-y, according to the preliminary market figures published by the Croatian Insurance Bureau. On insurance classes, the non-life segment saw a 9.4% decrease, to HRK 5.92 billion, while the life insurance segment generated a business volume of HRK 2.64 billion, up by 3.9% compared to FY2013.

In case of non-life sector, the downtrend was strongly influenced by the negative rates reported on the two main sub-segments: property (-8.76% to HRK 1.14 billion) and MTPL (-18.25% to HRK 2.43 billion).

On the life insurance segment the "traditional life field" was the largest class, accounting HRK 2.32 billion or 4.09% more y-o-y, while the unit-linked policies increased 5.22% to HRK 136.26 million.

The top three companies as GWP generated more than half of the business (51.04%) and consisted of CROATIA Osiguranje (26.63% market share), followed by ALLIANZ Zagreb with 14.23% and EUROHERC (10.18%).

Access www.xprimm.com and download the FY2014 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

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