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 insurers 2014 GWP down by 5.7% due the negative rates reported on the main non-life sub-segments

Croatian insurers reported gross written premiums of HRK 8.56 billion (EUR 1.11 billion) in 2014, down 5.68% y-o-y, according to the preliminary market figures published by the Croatian Insurance Bureau. On insurance classes, the non-life segment saw a 9.4% decrease, to HRK 5.92 billion, while the life insurance segment generated a business volume of HRK 2.64 billion, up by 3.9% compared to FY2013.

VIG 9-mo pre-tax profit in CROATIA rises 2.0%

Vienna Insurance Group (VIG) said on Tuesday its profit before taxes from operations in Croatia rose 2.0% to 5.9 million euro  in the first nine months of 2014.

STATISTICS: CROATIAN insurers 3Q GWP down 5.4% according CIB

According to the latest data from the Croatian Insurance Bureau (CIB), the 25 insurance companies active on the market wrote gross premium in the amount of HRK 6.6 billion (EUR 860.3 million) by the end of September 2014, which is 5.4% less y-o-y. The life insurance segment increased in GWP by 4.1%, while the non-life sector declined by 8.7%.

CROATIA: More property insurance awareness needed, say Allianz experts

Experts from Allianz S.E. have said that the take-up of property insurance is low in Croatia, reports. Following the May floods that hit the Slavonia region, people had started exploring property insurance more, but the level of awareness remains low, the experts said. Increased awareness about property insurance would lead to increased sales of this type of insurance, they added.

CROATIA's ADRIS says biggest SEE insurers possible acquisition targets

Croatian tobacco-to-tourism conglomerate ADRIS Grupa said on Monday it consistently strives to be the regional leader in all fields of its operation, including the insurance market which it entered earlier this year. This goal could be achieved through organic growth or acquisitions and, in this sense, ADRIS is also interested in the region's biggest insurers, the Croatian company said in a statement.

CROATIAN insurers 8-mo gross written premiums down 5.1%

Croatian insurers posted combined gross written premiums of HRK 5.96 billion (USD1.0 billion/ EUR 781.7 million) in the first eight months of 2014, down 5.1% compared to the same period last year, the Croatian Insurance Bureau said on Friday.

CROATIAN insurers 5-mo gross written premiums down 4.5%

Croatian insurers posted combined gross written premiums of 3.93 billion kuna (518.4 million euro) in the first five months of 2014, down 4.5% compared to the same period last year, the Croatian Insurance Bureau said.

CROATIAN insurance market decreased by 2.7% in Q1 2014

According to the preliminary data published by the Croatian Insurance Bureau, in the first three months of the current year, the insurance market totaled HRK 2.45 billion (about EUR 320 million), 2.7% lower than in the 1Q2013.

CROATIA: Market regulator approves takeover bid by ADRIS for the remaining free float in CO

Market regulator HANFA on Friday announced that it has approved a takeover bid by Adris for the remaining free float in insurer Croatia Osiguranje. The obligation to make the bid was triggered by the purchase of a 39.7% stake from the government, with which it acts in concert. For the remaining 54,096 common and preferred shares of Croatia Osiguranje, Adris is offering HRK 7,412.25 per share, equal to the price paid for the government stake and new shares issue in the capital increase, valuing the free float at HRK 401mn.

UNIQA completes acquisition of Baloise's subsidiaries in Croatia and Serbia

UNIQA Insurance Group AG (UNIQA) completed the acquisitions in full of the Croatian and Serbian insurance operations of the Swiss Baloise Group on March 11. The relevant agreements were closed following approval by all of the Austrian, Croatian and Serbian authorities involved. The agreement on the acquisition of Baloise's subsidiaries in Croatia and Serbia by UNIQA was signed in October 2013. The price for the acquisition is 75 million euros.

CROATIA FY2013: Tied score in the 2013/2012 match

The 2013 results of the Croatian insurance market show a 0.4% growth in GWP, when denominated in local currency, but a 0.8% decrease in euro, reflecting, in fact, a stagnant status of the insurance business. Total GWP amounted to aprox. EUR 1.2 billion, with a 28% share of life insurance premiums.

CROATIA selects binding offer of the Rovinj-based Adris Grupa

The Croatian government on Wednesday selected the binding offer of the Rovinj-based Adris Grupa for the acquisition of a portion in the Croatia Osiguranje insurer, as it offered 905 million kuna for 39.05% of the ordinary stock in the insurance company, which means EUR 970.45 per share.

CROATIAN insurers 3Q2013 GWP up 1.0%

Croatian insurance market totaled HRK 6.9 billion (EUR 910 million) in the first nine months of 2013, up 0.96% from a year earlier, according to the financial figures published by the Croatian Insurance Bureau. As in previous reporting periods, the market leaders were CROATIA Osiguranje with a 30.5% market share, followed by ALLIANZ Zagreb with 13.2% and EUROHERC (10.2%).

OTP in bid for privatized Croatian bank

Hungary's biggest lender OTP is among the companies looking to bid in the privatization of Croatia-based Hrvatska Postanska Banka and national insurance company Croatia Osiguranje, Croatia's post bank and insurance company.

CROATIA 1H2013: life insurance gives the upward trend of the market

The first half of 2013 ended for the Croatian insurers with a total GWP premium fairly equal to the one recorded in 1H2012, of HRK 4.9 billion (0.35% up y-o-y). Denominated in European currency, due to a minor appreciation of the Croatian Kuna, the figures show a slightly better image, with a nominal y-o-y growth rate of 1.14%, to EUR 659.5 million. The life insurance segment deserves all the credit for this positive trend, showing a 5.9% growth in local currency, while GWP for the non-life business lines decreased by 1.4%.

CROATIA: VIG, AIG, Ergo file expressions of interest for stake in CO

A total of seven companies, including Vienna Insurance Group (VIG), American International Group (AIG) and German insurer Ergo Versicherungsgruppe AG, filed expressions of interest for a stake in Croatia Osiguranje [ZSE:CROS-R-A], Zagreb-based media reported on Tuesday.

CROATIA: CO raising stake in Slovenian insurance company

Croatia's Croatia Osiguranje (CO) insurance company is continuing to increase its share in Slovenia's Pozavarovalnica Sava, planning to acquire a controlling interest, Ljubljana's Dnevnik daily said on Wednesday.