Austrian insurance group UNIQA said on Thursday its earnings before taxes from operations in Croatia surged to 5.5 million euro in 2015 fiscal year from 4 million euro a year earlier.
Croatian insurers posted combined gross written premiums of 869.5 million kuna (114 million euro) in January, down 0.84% on the year, the Croatian Insurance Bureau said.
Despite the falling MTPL premium figures, the Croatian insurance market saw an overall positive trend in 2015, with total GWP going up by 2.26%, to EUR 1.14 billion. The life insurance segment's weight in the total portfolio increased by 3pp, to 33.6%, due to the positive evolution which led to an 11.6% in GWP. On the non-life segment premiums went down by almost 2%, driven by the falling tariffs on the MTPL line.
Croatian insurers posted combined gross written premiums of 7.36 billion kuna (966.5 million euro) in the first ten months of 2015, up 1.82% on the year, the Croatian Insurance Bureau said on Thursday.
Croatian diversified conglomerate Adris Grupa said on Friday it plans to list abroad in 2018. "Our
goal, with the help of leading global consultants, is to prepare the
company for listing on one of the world bourses in 2018," Adris Grupa
said in a filing to the Zagreb bourse.
Croatian insurers posted aggregate GWP of HRK 6.72 billion (about EUR 881 million) in the first nine months of 2015, up 2.43% y-o-y, according to the preliminary statistics published on Croatian Insurance Bureau website. Non-life GWP decreased by 2.65% y-o-y to HRK 4.55 billion, while the life insurance segment totaled HRK 2.17 billion, or 15.04% more.
Croatian diversified conglomerate Adris Grupa said on Tuesday that the
president of its managing board, Ante Vlahovic, has declined to meet
with Czech-Slovak investment fund J&T amid media reports that the
fund is mulling a hostile takeover of the Croatian group.
The event's keynote speaker, Prof. Karel Van Hulle, KU Leuven and Goethe
University Frankfurt, Chairman of the IRSG of EIOPA will give a speech
on the "Framework for Insurance Regulation and Supervision in the EU:
Initiatives and Further Expectations".
Last week, Boris SABAN, Executive Manager of NBMI - National Bureau of Montenegro Insurers, and Hrvoje PAUKOVIC, Manager of CIB - Croatian Insurance Bureau, signed a Protocol on cooperation binding both institutions to cooperate on the plan of increasing the financial knowledge of the general population as well as of the financial sector, specifically on the insurance. On this ocassion, Hrvoje PAUKOVIC pointed out the current situation on the insurance market in Croatia. At the same time, he presented the atmosphere before and after the accession to EU from the experience of this market as well as about the project on educating the general population on the insurance.
The first half of 2015 ended for the Croatian insurance market with a 3.65% growth in GWP, to HRK 4.8 billion (EUR 640 million). The non-life segment recorded a negative change, with GWP decreasing by almost 3% driven by a drop of more than 10%, of the MTPL insurance class. Overall, the motor insurance segment lost some 5pp of its weight in the market.
The GWP underwritten by Croatian insurers totaled HRK 2.54 billion (EUR 332.34 million) in the first quarter of 2015, up by 3.76% y-o-y, the Croatian Insurance Bureau announced. The value of paid claims by insurers totaled HRK 1.06 billion, 1.22% less y-o-y.
Croatian insurers reported gross written premiums of HRK 8.56 billion (EUR 1.11 billion) in 2014, down 5.68% y-o-y, according to the preliminary market figures published by the Croatian Insurance Bureau. On insurance classes, the non-life segment saw a 9.4% decrease, to HRK 5.92 billion, while the life insurance segment generated a business volume of HRK 2.64 billion, up by 3.9% compared to FY2013.
Vienna Insurance Group (VIG) said on Tuesday its profit before taxes
from operations in Croatia rose 2.0% to 5.9 million euro in the first
nine months of 2014.
According to the latest data from the Croatian Insurance Bureau (CIB), the 25 insurance companies active on the market wrote gross premium in the amount of HRK 6.6 billion (EUR 860.3 million) by the end of September 2014, which is 5.4% less y-o-y. The life insurance segment increased in GWP by 4.1%, while the non-life sector declined by 8.7%.
Experts from Allianz S.E. have said that the take-up of property insurance is low in Croatia, Domivrt.vecernji.hr reports. Following
the May floods that hit the Slavonia region, people had started
exploring property insurance more, but the level of awareness remains
low, the experts said. Increased awareness about property insurance would lead to increased sales of this type of insurance, they added.
Croatian tobacco-to-tourism conglomerate ADRIS Grupa said on Monday it
consistently strives to be the regional leader in all fields of its
operation, including the insurance market which it entered earlier this
year. This goal could be achieved through organic growth or
acquisitions and, in this sense, ADRIS is also interested in the
region's biggest insurers, the Croatian company said in a statement.
Croatian insurers posted combined gross written premiums of HRK 5.96 billion (USD1.0 billion/ EUR 781.7 million) in the first eight months of 2014, down 5.1% compared to the same period last year, the Croatian Insurance Bureau said on Friday.
Croatian insurers reported for 1H2014 a GWP volume of EUR 618 million, down by 6.3% y-o-y. Almost 70% of the negative difference in volume was generated by the falling business volume of the market leader, CROATIA Osiguranje which ended 1H2014 with 13% y-o-y decease in GWP, to EUR 188 million.
German financial services group Allianz said on Friday its operating profit on the life/health segment in Croatia quadrupled to 8.0 million euro (USD 10.7 million) in the first half of 2014.
Croatian insurers posted combined gross written premiums of 3.93 billion kuna (518.4 million euro) in the first five months of 2014, down 4.5% compared to the same period last year, the Croatian Insurance Bureau said.