Croatia’s GWP Development in August 2019

In August 2019, GWPs rose by 5.7% compared to last year. GWPs in non-life insurances grew 9.1% YoY, while life insurance decreased -1.7% YoY.

In August 2019, GWP’s rose by 5.7% compared to the same period last year. The total amount of GWPs collected reached HRK 7.4bn (includes insurers located in Croatia and insurers operating in Croatia but based in another EU country).

Total Croatian T12 GWP and Croatia Osiguranje T12 GWP (HRK bn)

The amount of GWPs in non-life insurances, which traditionally account for the biggest portion, grew 9.1% YoY, amounting to HRK 5.2bn. Meanwhile, life insurance continued with a trend where more maturities than premiums contracted were observed so segment has realized a decrease of -1.7% YoY, reaching HRK 2.2bn.

Croatia Osiguranje accounted for 27.9% of the market, as the company’s market share decreased by 2pp which is slow-down of a decreasing trend as in July market share has decreased for 2.5pp. When looking at at GWP in the last 12 months Croatia Osiguranje market share has increased to 26.2% from 26% in July. When observing their GWPs in August, they amounted to HRK 2.1bn, which represents a decrease of 1.5% YoY.

Croatia Osiguranje T12 Market Share (%)

Category : Flash News

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