In January 2020, GWPs rose by 10.5% YoY. GWPs in non-life insurances grew 8.3% YoY, while life insurance soared 20.3% YoY.

In January 2020, GWP’s rose by 10.5% compared to the same period last year. The total amount of GWPs collected reached HRK 1.1bn (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 8.3% YoY, amounting to HRK 893.9m. Meanwhile, life insurance witnessed an awakening by growing 20.3%. The strong increase came after last year’s decrease of 2.1% caused by a larger number of maturities than there were premiums contracted.

Croatia Osiguranje accounted for 24.88% of the market, showing a 0.38 p.p. decrease when compared to December of 2019. Meanwhile, when compared to January of 2019, Croatia Osiguranje continued their downward trend in market share as they witnessed a decrease of 2.7 p.p.

Croatia Osiguranje T12 Market Share (%)