The Croatian insurance market ended 2025 with total gross written premiums worth EUR 2.07 billion, which is 7.5% more y-o-y, according to the Croatian Financial Services Supervisory Agency – HANFA report for December.

Data collected by HANFA from 14 insurance companies shows that the increase was almost entirely driven by the non-life insurance segment, while life insurance sector’s GWP remained quasi unchanged y-o-y, with the traditional insurance class seeing a 6.73% decline, barely offset by the positive trend recorded for Unit-Linked and other products.

Overall, life insurance GWP amounted to EUR 335.87 million, while non-life GWP recorded a solid 9.05% growth, which brought insurance companies EUR 1.73 billion in premiums revenue.

The largest share in the non-life portfolio is generated by mandatory MTPL insurance (35.16%), followed by road vehicle insurance with 19.7%, fire and natural disaster insurance with 9.3%, and other property insurance with a share of 8.56%.

When it comes to claims, the opposite trend is noticeable. Total paid claims amounted to EUR 1.22 billion, which represents a 3% decrease primarily resulting from significantly lower payments in life insurance – of EUR 324.4 million or by 16.8% less on an annual basis. On the other hand, non-life claims rose by 4.3%, to EUR 856.9 million. The largest share in non-life paid claims belongs to motor vehicle liability insurance (40%), which is followed by road vehicle insurance with 21.3% and health insurance with almost 12%. Property insurance recorded saw a 10% reduction in claims expenses.

Croatia osiguranje remains the non-life market leader in terms of premiums collected - the company achieved a 12% GWP growth, reaching EUR 503.28 million. Croatia osiguranje’s market share slightly increased to 29%. Euroherc ranks second with a market share of 15.67% and a premium growth of 9.98%, to EUR 271.3 million, followed by Adriatic Osiguranje with 15.03% of the market or EUR 260.2 million. Allianz Croatia remained the top life insurers despite recording a 4.5% decrease in GWP, to EUR 57.95. Its market share also slightly decreased to 17.25%. Wiener osiguranje VIG, which recorded the highest growth rate among the leading insurance companies - of 13.2%, to EUR 51.90 million, ranks second among life insurers, followed by Generali Osiguranje, with a 12% market share.

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