CROATIA: in 10M2023 non-life generated 83% of the market volume

29 November 2023 — Marina MAGNAVAL
Total collected GWP of 14 insurance companies, operating in the market, for the first ten months of 2023 amounted to EUR 1.4 billion, of which EUR 243.8 million (17.0%) were life premiums, and EUR 1.2 billion (83.0%) - non-life, the Croatian Financial Services Supervisory Agency (HANFA) reports.

In the structure of non-life insurance, the largest share is taken by MTPL (35.7%), followed by MoD (18.0%) and fire and natural damage insurance (9.2%).

Total paid claims in 10M2023 reached EUR 925.0 million, of which EUR 345.8 million were paid in life insurance (37.4 %), and EUR 579.2 million (62.6 %) – in non-life insurance. In the structure of non-life paid claims, the largest shares belong to MTPL (39.3%), MoD (20.6%) and fire and natural damage insurance (9.7%).



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