STATISTICS: Croatia insurance market totaled EUR 452 million at the end of Q1 2024

11 June 2024 — Andrei VICTOR
STATISTICS: Croatia insurance market totaled EUR 452 million at the end of Q1 2024

According to the “Overview of supervised entities’ activities in the financial services sector for March 2024” published by the Croatian Financial Services Supervisory Agency (HANFA), the total gross written premium collected by the 14 insurance companies operating on the market in the first three months of 2024 amounted to EUR 451.9 million, of which EUR 77.7 million (17.2%) related to life insurance premium and EUR 374.2 million (82.8%) to non-life insurance premium.

The structure of the non-life insurance premium collected is dominated by motor vehicle liability insurance (36.3%), followed by insurance of land vehicles (19.0%) and insurance against fire and natural disasters (9.5%).

The amount of claims settled in the first quarter of 2024 reached EUR 338.0 million. EUR 128.8 million of this amount related to life insurance (38.1%), while EUR 209.2 million related to non-life insurance (61.9%).

Within the total amount of claims settled in non-life insurance, the largest amounts related to motor vehicle liability insurance (40.5%), insurance of land vehicles (21.1%), and insurance against fire and natural disasters (11.2%).

Access xprimm.com and download the latest Croatian insurance market statistics. (Note: the Q1 2024 HANFA figures are compared with the Q1 2023 data published by CIB).
 
 

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