Croatia’s GWP Development in October 2019

In October 2019, GWPs rose by 7.3% compared to last year. GWPs in non-life insurances grew 11.6% YoY, while life insurance decreased -2.1% YoY.

In October 2019, GWP’s rose by 7.3% compared to the same period last year. The total amount of GWPs collected reached HRK 9.1bn (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 11.6% YoY, amounting to HRK 6.4bn. 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 2.62bn.

Croatia Osiguranje accounted for 26.4% of the market, as the company’s market share decreased by 2.6 p.p. which, represents an acceleration of the decreasing trend as in market share has decreased for 2.5 p.p. when looking at at GWP in the last 12 months

Croatia Osiguranje market share has decreased by 0.58% MoM, and currently stands at 25.39%. When observing their GWPs in October, they amounted to HRK 2.4bn, which represents a decrease of 2.2% YoY.

Croatia Osiguranje T12 Market Share (%)

Category : Flash News

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