STATISTICS: CROATIAN insurers 3Q GWP down 5.4% according CIB
In life insurance segment (HRK 1.9 billion, or ~29% of total market) the "traditional life field" was the largest class, accounting HRK 1.7 million or 25.6% of the total market. The unit linked life segment amounted to HRK 77.5 million and decreased by 28% compared to 3Q2013.
In the case of the non-life market, the GWP amounted to HRK 4.7 billion (71% of total) and declined by 8.7% y-o-y, influencing indirectly the market trend. The largest non-life business line remains MTPL with a GWP of HRK 1.9 billion, down 16.7%, followed by property insurance with a ~15% market share.
As in the previous periods, at the top, the market was highly concentrated, the first three companies generating more than half of the business (54.4%): the market leader was CROATIA Osiguranje with a 28.4% market share, followed by ALLIANZ Zagreb with 14.7%, then EUROHERC (9.9%).
Access www.xprimm.com and download the 3Q2014 Croatian insurance market statistics - market portfolio & market rankings: GWP, claims, growth rates, shares.