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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Sapiens International Corporation
, a global provider of software solutions for the insurance industry, announced that Croatia osiguranje
(CROSIG), the leading Croatian insurer, has launched a successful go-live with LAQO, a full digital solution for motor insurance.
Croatian Chamber of Commerce (HGK) estimates that FY 2020 insurance premiums related to the risk of earthquake will amount about HRK 110 million, up 28% on the year, as a result of earthquakes that hitted the country during 2020, The Croatia News wrote