For the first quarter 2013, the 27 Croatian insurance companies generated HRK 2.52 billion (EUR 332 billion) in gross written premiums, a 0.7% decrease compared with the same period last year, according to the figures published by the Croatian Insurance Bureau. The market leaders were CROATIA Osiguranje with a 35.7% market share, followed by ALLIANZ Zagreb with 13.5% and EUROHERC (8.5%).On the life insurance market, the traditional policies increased by 9%, being the largest class of life business, accounting for 88.3% of the life GWP and 21.6% of the total market premium. At the same time, the unit-linked segment totaled almost HRK 30 million, down 2.0% y-o-y. Overall, the life insurance market has increased by 7.8% to HRK 617 million, representing almost a quarter of the market (24.5%).
Regarding the non-life market, the GWP amounted to HRK 1.9 billion (EUR 250 million), a decline of 3.2% compared with 1Q2012, accounting for 75.5% of the total premium of the Croatian insurance market. The largest non-life business lines remain MTPL policies with a GWP of HRK 693.7million (up 1.7% y-o-y), followed by property insurances (fire, allied perils and damages to property, added-up) - 19% of total market, and motor hull - HRK 185.4 million in GWP, down by 7.3% y-o-y.
Access www.xprimm.com and download the 1Q2013 Croatian insurance market statistics.
Market portfolio (in EUR and HRK):
- Gross written premiums
- Paid claims
- Growth rates
- Overall market
- Life insurance
- Non-life insurance
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