STATISTICS: CROATIA, 1Q2020: Local insurers' GWP exceeded EUR 400 million

11 June 2020 — Andrei Victor
The Croatian insurance market ended 1Q2020 with GWP worth HRK 3 billion (~EUR 402 million*), 4.12% up y-o-y. The largest contributions to the aggregate GWP, in absolute terms, came from the motor insurance classes, traditional life insurance and both property LoBs, according to the figures published by the Croatian Insurance Bureau.

Life insurance saw, overall, a 4.9% y-o-y decrease to HRK 794 million, mostly influenced by the by the decreasing trend recorded by the Unit-Linked products, with premiums going down by over 21%.

The non-life segment recorded a 7.7% y-o-y increase in GWP, to HRK 2.26 billion, mainly driven by the positive trends seen on the motor and the property insurance lines.

CROATIA Osiguranje, ALLIANZ Hrvatska and WIENER osiguranje VIG lead the Croatian market, accounting for about 51.2% of the aggregate market GWP.

* 1 EUR = 7.609231 Kuna - HRK (March 31st 2020)
1 EUR = 7.425058 Kuna - HRK (March 31st 2019)

Access and download the latest Croatian insurance market statistics.

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