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.

Share |

Related articles

ON THE MOVE

Stefan STAVROSITU appointed Sales Director of GROUPAMA's Romanian unit

Groupama Asiguraari, the Romanian arm of the French group and of the leading players on he ocal market, has announced the appointment of Stefan STAVROSITU as National Sales Director, replacing Julien RAMILLION who, after holding this position for four years, will receive other responsibilities.

08.08.2018

TOP EVENT

LIVE: IIS Global Insurance Forum 2018 / Day2

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

10.07.2018

See all