Croatia
The Russian-Ukrainian crisis has no impact in CO business
Croatia largest insurer Croatia Osiguranje announced has no direct operations in insurance and reinsurance business with Russia and Ukraine - nor with reinsurance companies, brokers, MGA agencies, etc., thus the impact of the Russian-Ukrainian crisis, as well as sanctions imposed on Russia - have no impact on the Company's operations.
15 March 2022CROATIA: in the first two months the market rose by about 6.3%
According to the data of the Croatian Insurance Bureau by the end of February 2022, insurance companies collected GWP in the amount of HRK 2.24 billion (EUR 296 million), which is an increase of 6.29% compared to 2021.
14 March 2022CROATIA: in January the market grew by 19.07%
According to the data of the Croatian Insurance Bureau for January 2022, total market GWP reached HRK 1.22 billion (~EUR 0.16 billion*), which 19.07% more y-o-y, osiguranje.hr reports.
14 February 2022STATISTICS: Croatian insurers business increased 12% y-o-y in 2021 to EUR 1.55 billion
The aggregate GWP of the 15 Croatian insurers rose 11.86% in 2021, to HRK 11.71 billion (EUR 1.55 billion), preliminary Q4 2021 data of the Croatian Insurance Bureau showed. Total gross claims paid increased to HRK 7.29 billion in the review period from HRK 6.53 billion a year earlier.
2 February 2022CROATIA: in 11M the market expanded by almost 12% y-o-y
From January to November 2021, GWP of the Croatia-based insurers rose 11.87% y-o-y and reached HRK 10.74 billion (EUR 1.4 billion*), SeeNews reported with reference to the Croatian Insurance Bureau.
31 December 2021CROATIA: Kristijan BUK is the new president of the HANFA Council
At their last session this year, the members of the HANFA Council unanimously elected Kristijan BUK as the new President of the HANFA (Croatian Financial Services Supervisory Agency) Council, svijetosiguranja.eu wrote.
20 December 2021CROATIA: Croatia Osiguranje is a leader in non-life insurance, Wiener in life insurance
GWP in Croatia grew by 11.87% at the end of November 2021 and amounted to HRK 10.74 billion (~EUR 1.43 billion*) osiguranje.hr wrote.
15 December 2021CROATIA: Croatian Insurance Days, Ante ZIGMAN: We can expect a good year for insurance
The largest regional conference on insurance - Croatian Insurance Days was held on November 4, 2021 in Zagreb, organized by the Croatian Insurance Bureau (HUO) and partners. The conference once again brought together leading people in the insurance industry from the national, regional and European levels who discussed latest developments and future challenges of the Croatian and European insurance markets, svijetosiguranja.eu wrote.
17 November 2021CROATIA: Croatia Osiguranje sees profit growth in 3Q
Croatia Osiguranje is the leader on the Croatian market, with a total share of 26.9%. For 9 months of 2021 its GWP in Croatia amounted to HRK 2.27 million (+5% y-o-y), and consolidated GWP, including regional branches, amounts to HRK 2.73 (+5%).
2 November 2021STATISTICS: Croatian insurers posted double-digit increase in Q3 GWP
The Q3 2021 gross written premiums of Croatian insurers increased by 12.15% y-o-y to HRK 9.02 billion (EUR 1.20 billion), while gross paid claims by insurers totaled HRK 5.19 billion, up by 9% y-o-y according to the quarterly figures published by the Croatian Insurance Bureau - CIB.
28 October 2021The Croatian Insurance Days 2021 conference close to the start
The traditional annual event that reunites Croatian insurers, as well as their foreign business partners, the Croatian Insurance Days 2021 conference will be held on November 4, 2021 in Zagreb at the Hilton Garden Inn, abandoning for this edition its usual venue, Opatija.
28 October 2021HANFA authorized Zoran Barac as CO SB member
Croatian largest insurer CO (Croatia osiguranje) announced in a statement that Croatian Financial Services Supervisory Agency (HANFA) authorised Zoran BARAC as a member of the CO Supervisory Board.
18 October 2021CROATIA: in the first 8 months the insurance market grew by 12% y-o-y
GWP of Croatia-based insurers increased by 12.09% y-o-y from January to August of 2021, reaching HRK 8.13 billion (EUR 1.09 billion*), the Croatian Insurance Bureau said on September 14, SeeNews reports.
15 September 2021Groupama Biztosito enters the Croatian market
French insurer Groupama announced its Hungarian subsidiary - GROUPAMA Biztosito finalized the acquisition of 100% of the shares of the Croatian insurance company OTP Osiguranje from OTP Banka d.d., Croatian subsidiary of OTP Bank.
1 September 2021STATISTICS: Croatian insurers' H1 GWPs up by more than 13% y-o-y
The gross written premiums (GWP) of the 15 Croatia-based insurers rose 13.13% y-o-y at the end of June 2021, reaching HRK 6.40 billion (EUR 855 million), according to the half-year figures published on the Croatian Insurance Bureau (CIB) website.
16 August 2021CROATIA: for the first seven months, GWP of Croatia-based insurers more than 12% up y-o-y
GWP of Croatia-based insurers rose 12.37% y-o-y for the period from January
to July in 2021, reaching HRK 7.393 billion (EUR 986 million), the Croatian Insurance Bureau informed.
16 August 2021CROATIA: net profit of Croatia Osiguranje 2% up in 1H2021
For the first half of 2021 Croatian holding company Adris reported a consolidated net profit of HRK 54.2 million (~EUR 7.2 million), vs a net loss of HRK 45.4 million for the same period of 2020, SeeNews wrote.
3 August 2021Zoran Borac to be elected as a Member of Croatia osiguranje Supervisory Board
According to the Submission of Announcement of Convocation of the 50th General Assembly of CROATIA osiguranje d.d. which is to be held on September 9th 2021, published on the Croatian Stock Exchange website, Zoran Borac will be elected as Member of the Supervisory Board.
28 July 2021CO posted five-months increasing net profit after the positive impact of the first Croatian 100% digital insurance product
Croatia osiguranje, the largest Croatian insurer and one of the largest insurance group in Adriatic region, posted consolidated net profit for the first five months of 2021 of HRK 208 million (~ EUR 28 million), which is an increase of one percent compared to the same period previous year.
6 July 2021Croatia: GWP up by 13.2% in the first five months of 2021
The 15 insurers active on the Croatian market in the first five months of 2021 wrote gross premiums worth HRK 5.4 billion (~ EUR 972 million), of which for life insurance HRK 1.4 billion, and HRK 4.0 billion for non-life insurance, latest data from HANFA, the supervisory authority, show.
24 June 2021
