CROATIAN insurers 3Q2013 GWP up 1.0%

28 November 2013 — Vlad BOLDIJAR
CROATIAN insurers 3Q2013 GWP up 1.0%
croatia-statisticsCroatian insurance market totaled HRK 6.9 billion (EUR 910 million) in the first nine months of 2013, up 0.96% from a year earlier, according to the financial figures published by the Croatian Insurance Bureau. As in previous reporting periods, the market leaders were CROATIA Osiguranje with a 30.5% market share, followed by ALLIANZ Zagreb with 13.2% and EUROHERC (10.2%).

Life insurance grew 4.7%, to HRK 1.8 billion or 26.2% of the total volume of premiums. In terms of the structure of life insurance, the highest share was related to traditional policies (87% of total life segment), while in case of the unit-linked products, the same indicator was only 6%.

At the same time, non-life insurance premiums totaled HRK 5.1 billion, a 0.3% decrease y-o-y and represented 73.8% of the market. Motor vehicle liability insurance accounted for a third, HRK 2.3 billion (or EUR 300 million), followed by property insurance lines (over 15%) and motor hull insurance (7.4%).

Access www.xprimm.com and download the 3Q2013 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

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