Croatia’s GWP Development in January 2019

In January 2019, GWPs rose 7.6% compared to last year. GWPs in non-life insurances grew 13.6% YoY, while life insurance decreased by 12.8% YoY.

In January 2019, GWP’s rose 7.6% compared to the same period last year. The total amount of GWPs collected reached HRK 1bn (includes insurers located in Croatia and insurers operating in Croatia but based in another EU country).

The amount of GWPs in non-life insurances, which traditionally account for the biggest portion, grew 13.6% YoY, amounting to HRK 812.9m. Meanwhile, life insurance observed a decrease of 12.8% YoY, reaching HRK 186.9m.

Croatia Osiguranje (together with Croatia Osiguranje Kredita) continues to account for roughly one third of the market, and the company’s market share increased by 1 p.p. YoY and now amounts to 31.8%. The increase in market share went hand in hand with the rise in the company’s total GWP which increased by 11% YoY.  

Category : Flash News

Want to invest? Do not know how and where? Contact us and we will solve everything for you.