STATISTICS:

STATISTICS: CROATIA, FY2017: The insurance market exceeds EUR 1.2 billion in GWP

The aggregate GWP of Croatian insurers increased to HRK 9.05 billion (EUR 1.20 billion) in 2017, up by 3.38% y-o-y, as official data show.

The year-end results published the by Croatian Insurance Bureau reveal that GWP from non-life insurance rose by 4.68% y-o-y to HRK 6.11 billion, while the life insurance segment totaled HRK 2.94 billion, up by 0.76% y-o-y.

In the non-life sector, the two motor subsegments (MTPL and MoD) and property products (fire, allied perils and other damages to property, summed) - generate together about 68% of non-life GWP or more than 45% of total market.

Despite a 1.04% y-o-y decrease in GWP, the traditional life insurance policies dominate the life portfolio (HRK 2.21 billion), representing 75% of the mentioned segment, or about a quarter of total market.

According to the market statistics published by Croatian Insurance Bureau, during the yere there were twenty-one active insurers in Croatia. The largest insurer in the country was CROATIA Osiguranje (26.91% market share) followed by ALLIANZ Zagreb (12.66%) and EUROHERC Osiguranje (10.11%).

Access www.xprimm.com and download the FY2017 Croatian insurance market statistics.

Market portfolio (in EUR and HRK):

  • Gross written premiums
  • Paid claims
  • Growth rates
Market rankings (GWP/Market shares/Growth rates - in EUR and HRK):

  • Overall market
  • Life insurance
  • Non-life insurance

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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