Location map
author: OCHA/ ReliefWeb

- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Slovenia, Hungary, Serbia, Bosnia and Herzegovina, Montenegro.

- Mediterranean and continental;
- continental climate predominant with hot summers and cold winters;
- mild winters, dry summers along coast.

Natural hazards:
- destructive earthquakes.

Macro indicators
* 2018 estimates
Pop. density*:72.4people/km2
GDP*:51.4EUR billion

European Union:
EU member, since 2013

Currency: Kuna
Code: HRK
Since: 1994

Insurance market portfolio
* 2018 estimates
Overall Property*:14%
Overall Motor*:33%




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Croatia FY2020 Insurance Companies Rankings

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Croatia FY2020 Market Portfolio

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Latest news

STATISTICS: CROATIAN 3Q2016 market remained at previous year's level

Croatian insurers posted an aggregate GWP of HRK 6.74 billion (about EUR 900 million) in the first nine months of 2016, up by 0.3% y-o-y, according to the preliminary statistics published on Croatian Insurance Bureau - CIB website. Non-life GWP increased by 1% y-o-y to HRK 4.6 billion, while the life insurance segment totaled HRK 2.1 billion, or 1.2% less y-o-y.

STATISTICS: CROATIA, 1H2016: The market remained relatively at the 1H2015 level

According to the half year report on insurers' performance published by the Croatian Insurance Bureau - HUO, in 1H2016 the local insurance industry fairly remained at the 1H2015 level, the GWP volume by the 23 active insurers totalling EUR 640.7 million (HRK 4.81 billion) - 0.12% more y-o-y. Per segments, life GWP went down by 2.3% y-o-y to EUR 202.7 million, while the 18 non-life insurers wrote premiums of EUR 438 million, up by 1.3% y-o-y.

CROATIA's Olderst Insurance Company Enters Slovenian Market

Adris Group and Croatia osiguranje, the insurance company owned by Adris, have received permission from the Slovenian Agency for Supervision of Insurers (AZN) for a direct access to the Slovenian market, reports on August 13, 2016.

CROATIA: Adris Group nets HRK 151m in profits

In the first half of 2016, the Adris tourism and insurance group netted HRK 151 million in profits which, despite the sale of its tobacco business, is the same as at the same time in 2015, when net profits were HRK 150 million, the group said on Friday.

CROATIA: Allianz Zagreb gross profit rises to 125.6 mln kuna in 2015

Croatian insurer Allianz Zagreb said on Friday its gross profit amounted to 125.6 million kuna (16.7 million euro) last year, an increase of 11.9 million kuna compared to 2014. Gross premiums edged down 2.2% to 1.19 billion kuna in 2015, while the solvency margin stood at 254.3%, up 5.2% on the year, Allianz Zagreb said in a statement.

CROATIAN conglomerate increases stake in Sava Re

A Croatian conglomerate which controls Croatia's biggest insurer has reportedly increased its stake in Slovenian insurance and reinsurance group Sava Re. Business daily Finance writes that nearly EUR 10m in trade with Sava Re shares on Friday involved block deals with which Adris grupa bought 4.4% of Sava Re.

CROATIA: UNIQA 2015 pre-tax earnings surge 38% y/y

Austrian insurance group UNIQA said on Thursday its earnings before taxes from operations in Croatia surged to 5.5 million euro in 2015 fiscal year from 4 million euro a year earlier.

STATISTICS: CROATIA: Positive trend in GWP driven by the life insurance lines

Despite the falling MTPL premium figures, the Croatian insurance market saw an overall positive trend in 2015, with total GWP going up by 2.26%, to EUR 1.14 billion. The life insurance segment's weight in the total portfolio increased by 3pp, to 33.6%, due to the positive evolution which led to an 11.6% in GWP. On the non-life segment premiums went down by almost 2%, driven by the falling tariffs on the MTPL line.

CROATIA's Adris Grupa plans listing abroad in 2018

Croatian diversified conglomerate Adris Grupa said on Friday it plans to list abroad in 2018. "Our goal, with the help of leading global consultants, is to prepare the company for listing on one of the world bourses in 2018," Adris Grupa said in a filing to the Zagreb bourse.

STATISTICS: CROATIAN insurers 3Q GWP up by 2.43% y-o-y

Croatian insurers posted aggregate GWP of HRK 6.72 billion (about EUR 881 million) in the first nine months of 2015, up 2.43% y-o-y, according to the preliminary statistics published on Croatian Insurance Bureau website. Non-life GWP decreased by 2.65% y-o-y to HRK 4.55 billion, while the life insurance segment totaled HRK 2.17 billion, or 15.04% more.

Three weeks until the "Croatian Insurance Days"

The event's keynote speaker, Prof. Karel Van Hulle, KU Leuven and Goethe University Frankfurt, Chairman of the IRSG of EIOPA will give a speech on the "Framework for Insurance Regulation and Supervision in the EU: Initiatives and Further Expectations".

Croatian Insurance Bureau to assist NBMI in educating the Montenegrin population in insurance

Last week, Boris SABAN, Executive Manager of NBMI - National Bureau of Montenegro Insurers, and Hrvoje PAUKOVIC, Manager of CIB - Croatian Insurance Bureau, signed a Protocol on cooperation binding both institutions to cooperate on the plan of increasing the financial knowledge of the general population as well as of the financial sector, specifically on the insurance. On this ocassion, Hrvoje PAUKOVIC pointed out the current situation on the insurance market in Croatia. At the same time, he presented the atmosphere before and after the accession to EU from the experience of this market as well as about the project on educating the general population on the insurance.

STATISTICS: CROATIA, 1H2015: MTPL still hurt by intense competition

The first half of 2015 ended for the Croatian insurance market with a 3.65% growth in GWP, to HRK 4.8 billion (EUR 640 million). The non-life segment recorded a negative change, with GWP decreasing by almost 3% driven by a drop of more than 10%, of the MTPL insurance class. Overall, the motor insurance segment lost some 5pp of its weight in the market.