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CROATIA: 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 2021Frost and Sullivan's Technology Innovation Leadership award for 2021 went to Amodo, awarding the company's best practices
Global market research and consulting company Frost and Sullivan rewarded Amodo, the Croatian InsurTech company of global relevance, with a European User-based Insurance Industry Excellence in Best Practices award.
24 June 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 2021Amodo and Croatia Osiguranje presenting the first telematics program in Croatia
Amodo, the well-known Croatian digital solutions provider and Croatia Osiguranje, the Croatian market's leading insurer will present, on July 7, 2021 at 15.00 hours CET, the first telematics program in Croatia LaqoPrevent, a unique prevention program that use advanced technologies to promote and reward safe driving.
17 June 2021CROATIA osiguranje end-March net profit increased to EUR 15.5 million
CROATIA osiguranje d.d., one of the largest insurance company in Adriatic region, reported unaudited Q1 2021 gross profit of HRK 140.6 million (EUR 18.57 million) vs HRK 120.4 million a year before while its net profit increased from HRK 98.3 million in March 2020 to HRK 117.3 million (EUR 15.5 million) representing an increase of 19.4 % y-o-y.
10 May 2021Sabine Usaty is the new President of the Management Board of UNIQA Osiguranje, Croatia
Sabine USATY was appointed President of the Management Board of UNIQA Osiguranje on May 1. She has more than 20 years of experience in management positions, part of them within the UNIQA Group.
6 May 2021STATISTICS: Croatian insurers' Q1 2021 GWP rise 6.3% y-o-y
The gross written premiums of Croatian insurers rose by 6.29% year-on-year in Q1 2021, to HRK 3.25 billion (~EUR 430 million), according to the quarterly figures published on the website of the Croatian Insurance Bureau.
6 May 2021Fruit growers in Croatia hit by a wave of low temperatures and frost; insurance coverage is limited
After a warm March, low temperatures and frost have recently hit Central and Western Europe, some countries experiencing the coldest months of April ever observed, with temperatures well below freezing. Winegrowers and fruit growers in Croatia, France, Italy and parts of Germany said their hopes for good crops were ruined.
22 April 2021Adris grupa's 2020 revenues hit by the pandemic, economic crisis and the two devastating EQ
The Supervisory Board of Adris grupa - the CROATIA's osiguranje owner - approved the Group's audited non-consolidated and consolidated annual financial report for 2020 and the proposal for a decision on the allocation of profits from 2020.
21 April 2021CROATIA Osiguranje has paid EUR 26 million in losses after the Croatian earthquakes in 2020
CROATIA Osiguranje has paid claims close to HRK 195 million (~EUR 26 million) for the losses caused by the two Croatian earthquakes last year, while at market level, total insured losses from the two events may amount to about HRK 600 million, Davor Tomaskovic, the company's CEO, has stated in an interview published by osiguranje.hr.
14 April 2021CROATIA Osiguranje and Amodo launch LaqoPrevent, using technology to reward prudent road behavior
Croatian market's top insurer, Croatia osiguranje, part of Adris Group, launched earlier this week LaqoPrevent, a unique prevention program that, with the help of advanced technologies, promotes and rewards responsible road behavior and traffic risk reduction.
25 March 2021Claims files following December EQ: Hungarian insurers 8,700 vs. 7,430 Croatian insurers
The most recent figures published by MABISZ - the Association of Hungarian Insurers, showed that following the December 2020 earthquakes in Croatia claims paid by local insurers significantly exceed previous estimates, the number of opened claim files being even higher than in Croatia.
11 March 2021Croatia: CO Group posted FY2020 net profit of ca. EUR 43.5 million
CROATIA osiguranje Group, one of the largest insurer in the Adriatic Region reported FY2020 consolidated net profit of HRK 327.9 million (ca. EUR 43.5 million), which represents a decrease of 3.4% compared to previous year, as the insurer announced in a statement published on ZSE (Zagreb Stock Exchange) web-site.
4 March 2021Andela Sutija elected President of the Croatian insurance brokers professional association
Andela SUTIJA, CEO of ANO Insurance and Reinsurance Broker was elected the new President of the Association of Insurance and Reinsurance Brokerage Companies at the HGK (Croatian Chamber of Commerce) session held on February 17. Mate MARKOTA, a member of ZABA Partner, was elected her Deputy.
18 February 2021CROATIA: the two major earthquakes of 2020 have boosted demand for housing insurance with specific coverage
The two earthquakes experienced by Croatians last year, when many of them had to bear the losses of their pocket in the absence of an insurance policy, seem to have finally raised awareness of the need for earthquake protection, leading to a visible increase in demand for such policies.
4 February 2021Croatia osiguranje is the first insurance company obtaining the Employer Partner certificate
After the certification process has been completed, Croatia osiguranje implemented the Employer Partner certificate, being the first insurance company to have obtained this prestigious certificate at the end of December.
28 January 2021STATISTICS: Croatia, FY2020: AGRAM becomes the country's largest insurance group
The gross written premiums of the 18 active Croatian insurers fell by 0.66% year-on-year to HRK 10.47 billion (EUR 1.38 billion) in 2020, according to the year-end figures published by the Croatian Insurance Bureau - CIB.
28 January 2021Croatian earthquakes caused losses also in the neighboring countries
The 6.4-magnitude earthquake has hit Croatia in 29 December, killing at least seven people and causing severe damage to the town of Petrinja south-east of the capital Zagreb, has also affected the neighboring Bosnia and Serbia, and was felt also in the southern Austria and Hungary.
14 January 2021
