Croatia’s GWP Development in February 2019

In February 2019, GWPs rose 5.9% compared to last year. GWPs in non-life insurances grew 10.3% YoY, while life insurance decreased by 6.7% YoY.

In February 2019, GWP’s rose 5.9% compared to the same period last year. The total amount of GWPs collected reached HRK 1.84bn (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 10.27% YoY, amounting to HRK 1.4bn. Meanwhile, life insurance observed a decrease of 6.7% YoY, reaching HRK 427.1m.

Croatia Osiguranje (together with Croatia Osiguranje Kredita) continues to account for roughly one third of the market, and the company’s market share decreased by 1.8 p.p. YoY and now amounts to 30%. Even though the company recorded a decrease in market share, their total GWP remained flat amounting to HRK 550m.  

Croatia Osiguranje T12 Market Share (%)
Category : Flash News

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