The largest Croatian insurer - CROATIA Osiguranje (CO), member of ADRIS Group, announced it has concluded a purchase agreement for the acquisition of CARDIF Osiguranje insurance company from BNP PARIBAS.
The combined gross written premiums of Croatian insurers totalled 3.3 billion kuna (444.1 million euro) at the end of April, up 1.11% on the year, official figures show.
Croatia osiguranje (Croatia Insurance), a member of Adris Group, will take over Cardif Osiguranje insurance company from BNP Paribas.
Croatia's anti-trust regulator, AZTN, said on Thursday it has approved the acquisition of 100% of Societe Generale Splitska banka by the local unit of Hungary's OTP Group, OTP Banka Hrvatska.
The combined gross written premiums of Croatian insurers totalled 1.7
billion kuna (229.5 million euro) at the end of February, up 2.59% on
the year, official figures show.
Croatia's four mandatory second-pillar fund returns for 2016 outperformed the previous year's strong results.
The aggregate GWP by Croatian insurers amounted to HRK 8.76 billion (EUR 1.15 billion) at the end of December 2016, up by 0.42% y-o-y, according to the Croatian Insurance Bureau. Non-life GWP increased by 0.91% to HRK 5.84 billion, while the life insurance segment went down by 0.55%, to HRK 2.92 billion. The aggregate value of paid claims was HRK 4.75 billion, or 3.67% more y-o-y.
Croatian passenger cars owners have benefitted from the MTPL market liberalization, as well as from the products diversification, has found a recent survey performed by the local Competition Agency. According to the survey's conclusions, the market is "competitive and well structured" and consumers currently have a better choice than in the past years.
Croatian diversified conglomerate Adris Grupa said on Tuesday it has
formally absorbed tobacco factory Tvornica Duhana Zagreb TDZ.
Twenty five years after the break-up of Yugoslavia, Slovenia and Croatia
are the clear front-runners in terms of development of insurance
markets among the republics of the former federation, S&P Global
Ratings said on Monday.
Croatian insurers posted an aggregate GWP of HRK 6.74 billion (about EUR 900 million) in the first nine months of 2016, up by 0.3% y-o-y, according to the preliminary statistics published on Croatian Insurance Bureau - CIB website. Non-life GWP increased by 1% y-o-y to HRK 4.6 billion, while the life insurance segment totaled HRK 2.1 billion, or 1.2% less y-o-y.
The combined gross written premiums of Croatian insurers totalled 6.1 billion kuna (813.5 million euro) at the end of August, down 0.7% on the year, the Croatian Insurance Bureau has said.
According to the half year report on insurers' performance published by the Croatian Insurance Bureau - HUO, in 1H2016 the local insurance industry fairly remained at the 1H2015 level, the GWP volume by the 23 active insurers totalling EUR 640.7 million (HRK 4.81 billion) - 0.12% more y-o-y. Per segments, life GWP went down by 2.3% y-o-y to EUR 202.7 million, while the 18 non-life insurers wrote premiums of EUR 438 million, up by 1.3% y-o-y.
Adris Group and Croatia osiguranje, the insurance company owned by
Adris, have received permission from the Slovenian Agency for
Supervision of Insurers (AZN) for a direct access to the Slovenian
market, reports Poslovni.hr on August 13, 2016.
In the first half of 2016, the Adris tourism and insurance group netted HRK 151 million in profits which, despite the sale of its tobacco business, is the same as at the same time in 2015, when net profits were HRK 150 million, the group said on Friday.
According to the data published by the Croatian Insurance Bureau, in the first three months of the current year, the insurance market totaled HRK 2.52 billion (about EUR 336 million), 0.5% lower than in the 1Q2015.
Zagreb-based insurer Croatia Osiguranje [ZSE:CROS-R-A] said on Monday it has gained regulatory approval to indirectly acquire qualified stakes of more than 10% each in local peers Velebit Osiguranje and Velebit Zivotno Osiguranje.
Croatian diversified conglomerate Adris Grupa [ZSE:ADRS-R-A] confirmed on Thursday that it has requested the permission of Slovenia's insurance regulator to increase its stake in re-insurer Sava Re.
Croatian insurer Allianz Zagreb said on Friday its gross profit amounted
to 125.6 million kuna (16.7 million euro) last year, an increase of
11.9 million kuna compared to 2014. Gross premiums edged down 2.2% to
1.19 billion kuna in 2015, while the solvency margin stood at 254.3%, up
5.2% on the year, Allianz Zagreb said in a statement.
A Croatian conglomerate which controls Croatia's biggest insurer has reportedly increased its stake in Slovenian insurance and reinsurance group Sava Re. Business daily Finance writes that nearly EUR 10m in trade with Sava Re shares on Friday involved block deals with which Adris grupa bought 4.4% of Sava Re.