Croatia
Statistics
Croatia 1Q2022 Market Portfolio
Croatia 1Q2022 Insurance Companies Rankings
See all statistics
Latest news
CROATIA: March 22 Zagreb earthquake caused damages estimated at EUR 5.6 billion
According to recent updates from the Croatian government, the 5.5 magnitude earthquake that hit Zagreb on March 22, 2020 caused damages estimated at HRK 42 billion (~EUR 5.56 billion*).
28 April 2020Covid-19, ADRIS Grupa: No employees would be laid off. Management is taking a 30% pay cut
CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced a series of decisions that will impact the operations of affiliated companies.
15 April 2020HANFA Board bans insurance companies from the payment of dividend and ensures the earnings are retained in Croatia
The Board of the Croatian Financial Services Supervisory Agency (HANFA) has announced is banning the Croatian insurers from paying dividends from realized profits until 30 April 2021, thus retaining in the country about HRK 4 billion (~EUR 526 million) of earnings.
31 March 2020CROATIA: the Zagreb earthquake drew attention once again on the low insurance coverage for Nat Cat
Although it is still early to know the insured losses recorded by Croatia after the 5.5 magnitude earthquake that hit Zagreb on Sunday, it seems that very few of the buildings and homes affected by the event are insured for the earthquake risk, so the impact on the local insurers' business will be modest.
25 March 2020CROATIA: HANFA rejected Triglav's purchase over Raiffeisen's pension insurance company
In March 2020, The Croatian Financial Services Supervisory Agency (HANFA) rejected the issue of authorization to acquire a majority stake in the Croatian pension insurance company Raiffeisen Mirovinsko osiguravajuce drustvo by Triglav Group.
19 March 2020ADRIS profits expanded by 13.4% last year
CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced 2019 total revenues of HRK 6.1 billion (~EUR 813 million), which represents a 5% growth, while net profit stood at HRK 506 million (~EUR 67.5 million), which represents a 13.4% growth. Net profit after minority interest stood at HRK 402 million and was 31% higher than previous year's.
3 March 2020STATISTICS: CROATIA, FY2019: insurers' GWP increased by 7% y-o-y to EUR 1.4 billion
The gross written premiums of Croatian insurers increased by 7% y-o-y to HRK 10.54 billion (EUR 1.42 billion) in 2019, according to the preliminary figures published by the Croatian Insurance Bureau.
13 February 2020CROATIA: MTPL and Green Card policies to go digital
At the beginning of December 2019, Croatian Insurance Bureau (HUO) and Croatian Vehicle Center (CVH) announced the launch of a digitalization project regarding motor third party liability (MTPL) insurance policies.
10 December 2019Sava osiguranje expands its operations in the Croatian market by completing the acquisition process for two ERGO companies
On December 1, 2019, Sava Osiguranje - the Croatian branch of the Slovene Sava Re company -, fully acquired the portfolio of ERGO insurance and ERGO life insurance companies operating in Croatia, thus doubling its weight on the local market.
5 December 2019CROATIA Osiguranje entrusts Sapiens International Corporation with its P&C business digital transformation
CROATIA Osiguranje, a leading Croatian insurer, has selected Sapiens IDITSuite for Property & Casualty and Sapiens ReinsuranceMaster, as well as other tools provided by Sapiens International Corporation for its digital transformation program.
28 November 2019Croatian Adriatic osiguranje Group saw 14% increase in GWP, but a lower profitability in 3Q
The Adriatic osiguranje Group reported a net profit of HRK 64.08 million (EUR 8.66 million) in 3Q2019, down by 13.0% y-o-y. GWP reached HRK 539.7 million (EUR 72.9 million), increasing by almost 14% y-o-y.
7 November 2019STATISTICS: CROATIAN insurers' 9 months business expanded to EUR 1.1 billion
GWP of the 18 active Croatian insurers increased by 7.54% y-o-y, to HRK 8.15 billion (EUR 1.10 billion) in 3Q 2019, the Croatian Insurance Bureau quarterly figures showed. The value of paid claims totaled HRK 4.25 billion, up by 6.02% compared to the prior year's level.
31 October 2019CROATIA Osiguranje, 3Q2019: net profit down by 15.6% and steady underwriting performance
CROATIA Osiguranje Group's results after 3Q show a steady underwriting performance, but a declining profitability, with the consolidated net profit decreasing by 15.6% y-o-y, to EUR 37.8 million (HRK 280 million). Total GWP amounted to EUR 363.8 million (HRK 2693.4 million), 0.3% less y-o-y.
30 October 2019CROATIA: GENERALI to consolidate its position by acquiring IZVOR osiguranje
GENERALI CEE Holding announced it will expand on Croatian insurance market by acquiring the business of local non-life insurer IZVOR osiguranje: "The transaction will be finalized after receiving the approval of the relevant supervisory and competition authorities and is aimed to further consolidate GENERALI's position on the Croatian market".
22 October 2019Croatian insurers' business on other EU markets went up 3.5 times y-o-y in 2018
The total gross premiums written abroad by the Croatian insurers amounted to HRK 235.6 million (EUR 31.76 million), three and a half times more y-o-y. Out of the total premium production, GWP on foreign markets accounted for 2.39% (in 2017, 0.73%).
5 September 2019STATISTICS: CROATIA, 1H2019: Motor Hull provided for the highest contribution to the market growth
The first half of 2019 ended for the Croatian insurance market with aggregated GWP of EUR 784 million, 7.5% up y-o-y, a growth almost entirely provided by the non-life insurance segment.
22 August 2019ADRIATIC Osiguranje: green light for starting business in Italy
ADRIATIC Osiguranje dd (ex. JADRANSKO osiguranje) has obtained the official approval of IVASS - Insurance Supervisory Authority of the Republic of Italy (Istituto per la Vigilanza sulle Assicurazioni) to start business in the Republic of Italy.
13 August 2019ADRIS Grupa to invest EUR 60 million in insurance by 2023
CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced it plans to invest HRK 3 billion (EUR 400 million) in developing its three main business segments by 2023.
19 June 2019GENERALI announced changes in the managements in the Czech Republic, Slovakia and Croatia
GENERALI CEE Holding announces some changes in the managements of its subsidiaries CESKA pojistovna (Czech Republic), Generali Poistovna (Slovakia), and Generali osiguranje (Croatia), to become effective in the upcoming weeks and months once the necessary approvals have been received.
18 June 2019Insurer Croatia Osiguranje to pay flat dividend on preference shares
9 June 2019
