Slovenian reinsurer Pozavarovalnica Sava (Sava Re) said that Croatian insurer Croatia Osiguranje has raised its stake in Sava Re by 4.87% to 19.04% last week. Croatia osiguranje is the largest and oldest insurance company in Croatia. The company is a market leader with a strong focus on digitalization.

The largest and most important annual gathering for the insurance industry will once again be held in Opatija, from 14-16 May, at the Amadria Park Grand Hotel 4 Opatijska Cvijeta, osiguranje.hr writes.

In the first two month of the year Croatian insurance companies collected EUR 312.2 million in premiums, or 8.8% more y-o-y. Of this, EUR 48.2 million (15.4%) came from life insurance, which is 1.1% less y-o-y, and EUR 264.0 million (84.6%) came from non-life insurance, which is 10.8% more y-o-y, osiguranje.hr reports.

In 2024 GWP of the Croatian insurer Wiener Osiguranje Vienna Insurance Group (VIG), part of Austrian Vienna Insurance Group and one of the top five life insurers in Croatia, reached EUR 144.8 million, which is 9.1% more y-o-y, thanks to growth in all key business segments, SeeNews writes.

The total GWP collected by Croatian insurers in January of 2025 reached EUR 153.5 million, which is 10.17% higher y-o-y. Of that total, EUR 22.8 million (14.8%) relates to life insurance, and EUR 130.8 million (85.2%) – to non-life insurance, osiguranje.hr reports.

At the end of 2024, the insurance market of Croatia totalled EUR 1.9 billion, of which EUR 335.1million (17.4%) related to life insurance premium and EUR 1.6 billion (82.6%) to non-life insurance segment, according to the YE 2024 statistics published by The Croatian Financial Services Supervisory Agency – HANFA.

Croatia’s leading insurance and reinsurance brokerage, Fortius Inter Partes, has acquired Link Insurance Brokers, a company active in the market since 2017, further solidifying its position as the market leader, Fortius announced.

In 2024, Croatian insurers paid out a total of EUR 1.3 billion in claims, 8.3% up y-o-y, HANFA, the market authority, said. On an annual basis, the total collected premium increased by 9.9%, 11.2% for non-life and 4.2% for life insurance. The total premium collected amounted to EUR 1.9 billion

UNIQA Hrvatska in the SEE region (Bosnia and Herzegovina, Serbia, Montenegro, Bulgaria, Croatia and Romania), achieved excellent business results in the first nine months of 2024: according to preliminary results, the premium collected grew by 14.4%, and profit before tax amounts to EUR 6.7 million.

ANO, the first Croatian insurance broker and one of the leaders on the domestic market, is expanding its operations by entering the market of Bosnia and Herzegovina, osiguranje.hr writes.

The total GWP in Croatia in the first 10 months of 2024 amounted to EUR 1.6 billion, which is 11.41% more y-o-y. Of the total, EUR 271.3 million (17%) came from life insurance, and EUR 1.3 billion (83%) - from non-life, osiguranje.hr reports.

Fitch Ratings has assigned Croatia's top insurer Croatia Osiguranje (Crosig) an Insurer Financial Strength (IFS) rating of 'A-' (strong) with a stable outlook, SeeNews reports.

Marsh McLennan appointed Jasminka Horvat Martinović, former director of the Croatian Association of Managers CROMA, as President of the Management Board of Marsh McLennan Croatia. She replaces Iva Rogović Lekić who left the company for GrECo Specialty, in Vienna.

Consolidated revenue from insurance sales, including regional subsidiaries, amounted to EUR 392 million, up 12% compared to the same period last year. In 3Q2024, Croatia osiguranje generated a consolidated net profit of EUR 46.3 million, which is an increase of 43% versus 3Q2023, when storm damage negatively impacted profits in the period.

Last year, there were 71 deaths per million inhabitants in Croatia, while the average in the EU was 46, osiguranje.hr reports.

According to data provided by HANFA – the Croatian Financial Services Supervisory Agency, at the end of September 2024 the total premium collected by the local insurers amounted to EUR 1.43 billion, of which EUR 0.25 billion (12.18% y-o-y growth) related to life insurance premium and EUR 1.18 billion (10.6% y-o-y growth) to non-life insurance premium.

A cooperation agreement was signed between Croatia osiguranje and OVB Allfinanz Hrvatska, to further enrich OVB's portfolio of products and services, svijetosiguranja.eu reports.

In the first half of the year, Wiener osiguranje collected EUR 75.5 million in premiums and ranked third on the domestic insurance market. While its total premium income recorded a 5.2% annual growth, in the non-life insurance the pace was twice as fast (11.1%), osiguranje.hr reports.

The 14 insurance companies operating on the Croatian insurance market in 1H2024 have collected premium worth EUR 953.3 million, of which EUR 175.5 million (18.5%) for life insurance and EUR 776.8 million (81.5 %) for the non-life insurance lines, data provided by the market authority (HANFA) show.

Croatia osiguranje, part of the Adris Group, reported in 1H2024 a consolidated income from insurance sales, including regional branches, of EUR 251 million, which is 14% more y-o-y. The consolidated net profit reached EUR 33.6 million, 10% up y-o-y, the Group announced.