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 3Q2019 Insurance Companies Rankings

Croatia 3Q2019 Market Portfolio


See all statistics

Latest news

SAVA finalised the aquisition of the two Croation units of ERGO

Zavarovalnica SAVA, part of Slovenian re/insurance group SAVA Re, announced it has finalised the aquisition of the two Croatian units of the German insurance group ERGO, part of MUNICH Re: ERGO osiguranje and ERGO zivotno osiguranje.


Davor TOMASKOVIC takes over CROATIA Osiguranje

CROATIA Osiguranje's Supervisory Board appointed, on 30 January, Davor TOMASKOVIC as a member of the Management Board. Upon completion of the prescribed procedure and regulatory approvals, the Supervisory Board will appoint Davor TOMASKOVIC as President of the company's Board.

Ante ZIGMAN (HANFA) was elected as member of EIOPA Mediation Panel

Ante Zigman, the President of Management Board from HANFA (Croatian Financial Services Supervisory Agency) was elected as member of EIOPA Mediation Panel. The Mediation Panel is responsible to mediate and resolve in an impartial manner the disputes between national competent authorities.




STATISTICS: CROATIA timeline 2008 - 2017: the MTPL prices liberalization was the event with the highest impact on the market evolution

Between 2008 and 2017, the Croatian insurance market saw an 8% decrease in business, in GWP terms. From an absolute value of EUR 1.32 billion recorded in 2008, GWP at the overall market level gradually decreased year by year, until 2015, when the market started to grow again. The positive trend seen in 2016 and 2017 was not strong enough to bring the market at the pre-crisis level.





CROATIA osiguranje to absorb its credit insurance unit

The Central Depository and Clearing Company - SKDD announced that Croatia Osiguranje absorbed its credit insurance unit unit Croatia Osiguranje Kredita. "The corporate action of Acquisition of the Companies will be executed on 1 October 2018", as the institution announced in a statement.






CROATIAN insurers Jan-April premiums rise 9.27%

The gross written premiums of Croatian insurers totalled 3.65 billion kuna (494.4 million euro) in the first four months of 2018, up 9.27% on the year, official figures show.

CROATIA: Insurance maintains growth

By the end of April, the total gross written premium of 21 insurance companies operating in Croatia was up by 9.3% y/y to HRK 3.6bn, according to the latest data provided by the Croatian Insurance Bureau (HUO).


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