In December 2019, GWPs rose by 7.1% compared to last year. GWPs in non-life insurances grew 11.4% YoY, while life insurance decreased -2.1% YoY.

In December 2019, GWP’s rose by 7.1% compared to the same period last year. The total amount of GWPs collected reached HRK 10.73bn (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 11.4% YoY, amounting to HRK 7.61bn. Meanwhile, life insurance continued with a trend where more maturities than premiums contracted were observed so segment has realized a decrease of -2.1% YoY, reaching HRK 3.11bn.

Croatia Osiguranje accounted for 25.3% of the market, as the company’s market share decreased by 2.2 p.p. which, represents a mild slowdown of the decreasing trend as in market share has decreased. When observing their GWPs in December, they amounted to HRK 2.71bn, which represents a decrease of 1.6% YoY.

Croatia Osiguranje T12 Market Share (%)