Croatia

Location:
- Southeastern Europe, bordering the Adriatic Sea, between Bosnia and Herzegovina and Slovenia.

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

Natural hazards:
- destructive earthquakes.

European Union: EU member, since 2013

Currency: Kuna
Code: HRK
Since: 1994

Exchange rates at December 31st:
1 EUR = 7.417575 HRK (2018)
1 EUR = 7.513648 HRK (2017)
1 EUR = 7.557787 HRK (2016)
1 EUR = 7.635047 HRK (2015)
1 EUR = 7.661471 HRK (2014)
1 EUR = 7.637643 HRK (2013)
1 EUR = 7.545624 HRK (2012)
1 EUR = 7.530420 HRK (2011)
1 EUR = 7.385173 HRK (2010)


Sources:




Flag



Location map
author: OCHA/ReliefWeb


 


Croatia FY2018 Market Portfolio

Croatia FY2018 Insurance Companies Rankings

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ALLIANZ Zagreb will have a new Chairman of the Board

Daniel MATIC is the new candidate for the opened position as Chairman of the Board inside Allianz Zagreb, Croatia. He will replace Boris GALIC after getting the necessary approvals from the regulator.


CROATIA: February 2019 GWP increased by +5.76% y-o-y

In February 2019 total GWP value in Croatia reached HRK 1,818,336,162 (EUR 245 million), an increase of HRK 129,584,639 (+5.76%) compared to February 2018. Non-life GWP represented 76.51%, while Life classes reached a 23.49% share.




Davor TOMASKOVIC takes over CROATIA insurance

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 Madiation 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.