STATISTICS: Croatian insurers' Q3 2023 business remained at 2022 level

8 November 2023 — Andrei VICTOR
STATISTICS: Croatian insurers' Q3 2023 business remained at 2022 level

According to the September 2023 Monthly Report published by HANFA – Croatian Financial Services Supervisory Agency, at the end of September 2023 the total premium collected by the 15 local insurers amounted to EUR 1.3 billion, of which EUR 0.2 billion (17.15%) related to life insurance premium and EUR 1.1 billion (82.85%) to non-life insurance premium.

The structure of the collected non-life insurance premium is dominated by motor vehicle liability insurance (35.7%), followed by insurance of land vehicles (17.9%) and insurance against fire and natural disasters (9.3%).

The amount of claims settled in the first eight months of 2023 reached EUR 813.4 million. EUR 315.4 million of this amount is related to life insurance (38.8%), while EUR 498.0m related to non-life insurance (61.2%).

Within the total amount of claims settled in non-life insurance, the largest amounts related to motor vehicle liability insurance (40.7%), insurance of land vehicles (20.9%), and insurance against fire and natural disasters (8.9%).

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