The aggregate FY 2022 GWP reported Croatia-based insurers increased by 8.18% y-o-y, reaching HRK 12.7 billion (EUR 1.68 billion), according to the yea-end data published by the Croatian Insurance Bureau. Total gross claims paid increased to HRK 7.71 billion from HRK 7.29 billion a year earlier.

Non-life business increased by 11.46% y-o-y to HRK 9.83 billion representing about 77.55% of total market, while life premiums declined by 1.79% year-on-year to HRK 2.84 billion.

The local subsidiary of Austrian insurer VIG - WIENER Osiguranje VIG - dominated the life insurance sector of business - GWP of HRK 635 million, 22.34% market share, while Croatia Osiguranje accounted for the larges share (28.02%) of non-life GWP.

Overall, adding the life and non-life GWP, the largest insurer in the country was Croatia Osiguranje with 24.12% market share or GWP worth HRK 3.05 billion.

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