STATISTICS: Croatian insurers business increased 12% y-o-y in 2021 to EUR 1.55 billion

2 February 2022 — Andrei Victor

The aggregate GWP of the 15 Croatian insurers rose 11.86% in 2021, to HRK 11.71 billion (EUR 1.55 billion), preliminary Q4 2021 data of the Croatian Insurance Bureau showed. Total gross claims paid increased to HRK 7.29 billion in the review period from HRK 6.53 billion a year earlier.

Non-life premiums increased by 12.68% y-o-y to almost HRK 8.81 billion last year, while life business went up 9.44% year-on-year in the review period, reaching HRK 2.89 billion.

The local subsidiary of Austrian insurer VIG - WIENER Osiguranje VIG - dominated the life insurance sector of business - GWP of HRK 640 million, 22% market share, while Croatia Osiguranje accounted for the larges share (27.3%) of non-life GWP.

Overall, adding the life and non-life GWP, the largest insurer in the country was Croatia Osiguranje: 24.3% market share, GWP worth HRK 2.85 billion.

Access xprimm.com and download the latest Croatian insurance market statistics.

 

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