Croatia

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Slovenia, Hungary, Serbia, Bosnia and Herzegovina, Montenegro.

Climate:
- Mediterranean and continental;
- continental climate predominant with hot summers and cold winters;
- mild winters, dry summers along coast.

Natural hazards:
- destructive earthquakes.

Macro indicators
* 2018 estimates
Surface:56,594km2
Population*:4.1million
Pop. density*:72.4people/km2
GDP*:51.4EUR billion
GDP/capita*:12,541.8EUR

European Union:
EU member, since 2013

Currency: Kuna
Code: HRK
Since: 1994


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:32%
TOTAL NON-LIFE*:68%
Overall Property*:14%
Overall Motor*:33%


Sources:




 


STATISTICS: Croatia insurance market totaled EUR 452 million at the end of Q1 2024

According to the “Overview of supervised entities’ activities in the financial services sector for March 2024” published by the Croatian Financial Services Supervisory Agency (HANFA), the total gross written premium collected by the 14 insurance companies operating on the market in the first three months of 2024 amounted to EUR 451.9 million, of which EUR 77.7 million (17.2%) related to life insurance premium and EUR 374.2 million (82.8%) to non-life insurance premium.








Ante Žigman and the current members of the Croatian Financial Services Supervisory Agency’s Council confirmed for a new mandate

Ante Žigman will continue to serve as President of the Croatian Financial Services Supervisory Agency (HANFA) for a new mandate of six years, flanked by four members of the Administrative Council: Jurica Jednačak, Antun Palarić, Tomislav Ridzak and Anamarija Staničić, who will replace the previous member Ilijana Jeleč, HANFA announced on 7 February.

STATISTICS: Croatia insurance market totaled EUR 1.7 billion at the end of 2023

According to the Overview of the financial services sector – December 2023 published by The Croatian Financial Services Supervisory Agency (Hanfa - total premium collected by insurance companies in 2023 amounted to EUR 1.7 billion, of which EUR 0.3 billion (18.4%) related to life insurance premium and EUR 1.4 billion (81.6%) to non-life insurance premium.


CROATIA: market GWP up by 7.1% in 2023, but claims expenses increased at a double pace

The total premium collected by insurance companies in 2023 was EUR 1.7 billion, 7.1% up y-o-y. Out of this total, 18.4% (EUR 0.3 billion) refers to life insurance premiums, while non-life insurance premiums account for 81.6%, or EUR 1.4 billion. Paid claims increased by +13.6% y-o-y, amounting to EUR 1.2 billion, HANFA – the Croatian FSA, said.




STATISTICS: 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.