Croatia
CROATIA: in 10M2023 non-life generated 83% of the market volume
Total collected GWP of 14 insurance companies, operating in the market, for the first ten months of 2023 amounted to EUR 1.4 billion, of which EUR 243.8 million (17.0%) were life premiums, and EUR 1.2 billion (83.0%) - non-life, the Croatian Financial Services Supervisory Agency (HANFA) reports.
29 November 2023STATISTICS: Croatian insurers' Q3 2023 business remained at 2022 level
According to the September 2023 Monthly Report published by HANFA – Croatian Financial Services Supervisory Agency, at the end of September 2023 the total premium collected by the 15 local insurers amounted to EUR 1.3 billion, of which EUR 0.2 billion (17.15%) related to life insurance premium and EUR 1.1 billion (82.85%) to non-life insurance premium.
8 November 2023Croatia Osiguranje: Despite revenue growth of 11%, extreme bad weather affected profits for 9M 2023
Consolidated income from insurance sales of Croatia Osiguranje Group of companies amounted to EUR 348 million, 11% more y-o-y. The consolidated net profit for the same period was EUR 31.2 million, the Group said. Yet, adjusting 9M2022 results according IFRS 17, for comparability, 9M2023 net profit fell by 27% y-o-y.
1 November 2023CROATIA: In the first eight months the market totaled EUR 1.2 billion
From January to August 2023, 15 insurance companies operating in Croatia collected total GWP worth EUR 1.2 billion, of which EUR 196.2 million (17.0%) related to life insurance and EUR 980.1 million (83.0%) to non-life insurance, the Croatian Financial Services Supervisory Agency reports.
25 September 2023Jasminka Horvat Martinović leaves the position of President of the Management Board of the Croatian VIG subsidiary, Wiener osiguranje
Jasminka Horvat Martinović is leaving the position of President of the Management Board of the Croatian VIG subsidiary Wiener osiguranje at the end of June, osiguranje.hr reports. Starting first of July, the company will be managed by the current members of the Management Board, Tamara Rendić and Božo Šaravanja.
29 June 2023STATISTICS: CROATIA, Q1 2023: Non-life insurance segment saved the day, maintaining the market on a slightly positive path
Thanks to the positive, double digit growth rate recorded for the non-life segment, which offset the significant fall of the life insurance business, the Croatian insurance market saw in the first quarter of the year a very modest, but positive dynamic. GWP increased, overall, by 1.5% y-o-y, to EUR 411.16 million.
25 May 2023CROATIA: Amendments to the MTPL Law in preparation stir hot debates
Croatian motor insurers are preparing to face a new Law on compulsory MTPL. Currently the draft Law is going to the process of public debate, which should be completed by June 3rd. After that the amended Law will be submitted to the Government, and then to Parliament and is expected to take effect already in the fall.
18 May 2023CROATIA: Croatian Insurance Days 2023: Insurers have business resilience even in challenging times
Croatian insurers are ready to face the upcoming macroeconomic, technological, and regulatory challenges, as was said at the 10th edition of the largest annual gathering - Croatian Insurance Days 2023, organized by the Croatian Insurance Office (HUO) and partners, svijetosiguranja.eu wrote.
17 May 2023CROATIA: Less than two weeks to new Croatian Insurance Days
Croatian Insurance Days will take place in Opatija, Amadria Park Grand Hotel 4 Opatija Cvijeta, organized by the Croatian Insurance Agency from May 3 - 5, 2023, svijetosiguranja.eu wrote.
27 April 2023CROATIA: Croatia Osiguranje to pay a total of EUR 980,000 in dividend
Croatia Osiguranje, one of the biggest insurers in SEE, plans to distribute a dividend of EUR 14.86 per preference share for 2022. Thus, a total of EUR 980,000 will be paid out in dividend.
20 April 2023CROATIA: the insurance business in the first two months exceeded EUR 258 million
In the first two months of 2023, 15 insurance companies operating in the Croatian market, collected EUR 258.3 million, of which EUR 48.1 million (18.6%) were generated in life insurance and EUR 210.1 million (81.4%) - in non-life insurance, svijetosiguranja.eu reports with reference to the data from Hanfa (the Croatian financial services supervision agency).
6 April 2023CROATIA: Changes in the Management Board of Allianz Hrvatska
The Supervisory Board of Allianz Hrvatska approved appointment of Josipa Parac Bistrovic as a new member of the Allianz Hrvatska Management Board. Josipa Parac Bistrovic officially started holding the position on March 3, 2023, with a mandate lasting 3 years and will be responsible for product management, osiguranje.hr reports.
9 March 2023CROATIA: Acredia to strengthen its position on the Croatian market
Acredia, the leading company for credit insurance on the Austrian market, specialized in debt collection and protection, strengthens its position on the Croatian market, svijetosiguranja.eu wrote.
22 February 2023STATISTICS: Croatian FY 2022 insurers' business increased by 8% y-o-y
The aggregate FY 2022 GWP reported Croatia-based insurers increased by 8.18% y-o-y, reaching HRK 12.7 billion (EUR 1.68 billion), according to the yea-end data published by the Croatian Insurance Bureau. Total gross claims paid increased to HRK 7.71 billion from HRK 7.29 billion a year earlier.
9 February 2023Croatian Amodo celebrates its 10th anniversary by launching One Product, a state-of-the-Art Insurance Telematics Platform
On the eve of its 10th anniversary, in March, Amodo launched One Product, a state-of-the-Art Insurance Telematics Platform, the company announced. One Product brings perfected Amodo technology based on decade-long R&D activities and the experiences collected running worldwide UBI programs, also including Amodo's proprietary CO2 emission reduction smartphone-based program.
9 February 2023CROATIA: partnership between Intesa Sanpaolo and Generali osiguranje to strengthen bancassurance on the Croatian market
Privredna banka Zagreb d. d. (PBZ), a member of the Intesa Sanpaolo Group, announced a partnership between Intesa Sanpaolo and Generali osiguranje to strengthen operations in bancassurance on the Croatian market and provide comprehensive insurance for individuals, families and companies, svijetosiguranja.eu wrote.
1 February 2023CROATIA: Sandra Vrabec appointed as a member of the Management Board of UNIQA osiguranje
Sandra Vrabec was appointed a member of the Management Board of UNIQA osiguranje responsible for finance, investments, information technology, actuarial affairs, reinsurance, risk management, controlling, general affairs and procurement, and security, osiguranje.hr wrote.
19 January 2023CROATIA: Allianz Hrvatska pays out the highest bonuses to its employees compared to previous years
All employees of the Allianz Hrvatska insurance company were paid the highest amount of one-time bonuses compared to previous years, and Allianz was named the best global brand in the insurance industry for the fourth year in a row, svijetosiguranja.eu wrote.
21 December 2022CROATIA: Hanfa approves Merkur osiguranja to take over Wustenrot zivotnog osiguranja
On November 14, the Board of Directors of the Croatian Financial Services Supervisory Agency (Hanfa) approved acquisition of 100% capital of Wustenrot Life Insurance (Wustenrot zivotnog osiguranja) by Merkur Insurance (Merkur osiguranja), osiguranje.hr reported referring to the agency.
29 November 2022CROATIA: moderate market growth by the end of October supported by the non-life
According to the data of the Croatian Insurance Agency for October 2022, GWP of insurance companies reached HRK 10.64 billion (~EUR 1.41 billion), which is 7.62% more compared to the same period of 2021, www.svijetosiguranja.eu wrote.
21 November 2022
