Croatia

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Slovenia, Hungary, Serbia, Bosnia and Herzegovina, Montenegro.

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

Natural hazards:
- destructive earthquakes.

Macro indicators
* 2018 estimates
Surface:56,594km2
Population*:4.1million
Pop. density*:72.4people/km2
GDP*:51.4EUR billion
GDP/capita*:12,541.8EUR

European Union:
EU member, since 2013

Currency: Kuna
Code: HRK
Since: 1994


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:32%
TOTAL NON-LIFE*:68%
Overall Property*:14%
Overall Motor*:33%


Sources:




 


Croatian LAQO introduces cryptocurrency payments on its webshop

Croatian LAQO, the digital brand of Croatia Osiguranje, is the first insurer in Croatia that has introduced cryptocurrency payments on its webshop. LAQO is also the first insurer in the country that uses telematics technology to promote responsible traffic behavior through the LaqoPrevent, digital platform.


CROATIA: The Croatian Insurance authority has published its new report "Insurance Market in the Republic of Croatia for 2021"

The Croatian Insurance authority has published its new report "Insurance Market in the Republic of Croatia for 2021", introductory part of which provides an overview of the basic general and macroeconomic indicators for the Republic of Croatia in 2021, as well as an overview of trends in the insurance market for the period 2005-2021, svijetosiguranja.eu wrote.








The Russian-Ukrainian crisis has no impact in CO business

Croatia largest insurer Croatia Osiguranje announced has no direct operations in insurance and reinsurance business with Russia and Ukraine - nor with reinsurance companies, brokers, MGA agencies, etc., thus the impact of the Russian-Ukrainian crisis, as well as sanctions imposed on Russia - have no impact on the Company's operations.







CROATIA: Croatian Insurance Days, Ante ZIGMAN: We can expect a good year for insurance

The largest regional conference on insurance - Croatian Insurance Days was held on November 4, 2021 in Zagreb, organized by the Croatian Insurance Bureau (HUO) and partners. The conference once again brought together leading people in the insurance industry from the national, regional and European levels who discussed latest developments and future challenges of the Croatian and European insurance markets, svijetosiguranja.eu wrote.

CROATIA: Croatia Osiguranje sees profit growth in 3Q

Croatia Osiguranje is the leader on the Croatian market, with a total share of 26.9%. For 9 months of 2021 its GWP in Croatia amounted to HRK 2.27 million (+5% y-o-y), and consolidated GWP, including regional branches, amounts to HRK 2.73 (+5%).