In September 2019, GWPs rose by 7.54% compared to last year. GWPs in non-life insurances grew 11.6% YoY, while life insurance decreased -1.28% YoY.

In September 2019, GWP’s rose by 7.54% compared to the same period last year. The total amount of GWPs collected reached HRK 8.16bn.

The amount of GWPs in non-life insurances, which traditionally account for the biggest portion, grew 11.6% YoY, amounting to HRK 5.8bn. Meanwhile, life insurance continued with a trend where more maturities than premiums contracted were observed so segment has realized a decrease of -1.28% YoY, reaching HRK 2.36bn.

Total Croatian T12 GWP and Croatia Osiguranje T12 GWP (HRK bn)

Croatia Osiguranje accounted for 27.4% of the market, as the company’s market share decreased by 2.5 pp which is an increasing trend as in August market share has decreased for 2 pp.

When looking at GWP in the last 12 months Croatia Osiguranje market share has decreased to 25.97% from 26.2% in August. When observing their GWPs in September, they amounted to HRK 2.24bn, which represents a decrease of 1.5% YoY.

Croatia Osiguranje T12 Market Share (%)