CROATIA: the insurance business in the first two months exceeded EUR 258 million

6 April 2023 —
In the first two months of 2023, 15 insurance companies operating in the Croatian market, collected EUR 258.3 million, of which EUR 48.1 million (18.6%) were generated in life insurance and EUR 210.1 million (81.4%) - in non-life insurance, svijetosiguranja.eu reports with reference to the data from Hanfa (the Croatian financial services supervision agency).

In the structure of the market non-life portfolio, the most represented class is motor vehicle liability insurance (35.1%), followed by road vehicle insurance (17.2%) and fire and natural damage insurance (10.0%).

Total paid claims in the first two months of 2023 reached EUR 172.2 million, which means an increase of 10.7% y-o-y. Of this amount, EUR 71.7 million were paid in life insurance (+10.7%), and EUR 100.5 million - in non-life insurance (+10.7%). In the total amount of non-life paid claims the largest amounts were recorded in motor vehicle liability insurance (43.6%), road vehicle insurance (21.7%), fire and natural damage insurance (5.1%) and other property insurance (9.9%), the source said.



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