In 2018, GWP’s rose 9% compared to last year. GWPs in non-life insurances grew 10% YoY, while life insurance grew by 6.6% YoY.
In 2018, GWP’s rose 9% compared to last year. The total amount of GWPs collected reached HRK 10bn (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 bigest portion, grew 10% YoY, amounting to HRK 6.7bn. Meanwhile, life insurance grew by 6.6% YoY, reaching HRK 3.1bn.
Croatia Osiguranje (together with Croatia Osiguranje Kredita) continues to account for roughly one third of the market, however the company’s market share fell by 1 p.p. YoY and now amounts to 27.9%. Despite the small loss in market share the company still managed to record an 5% YoY increase in total GWP.
The deal would amount for 3% of MedLife’s T12 2018 sales revenues.
According to the media, MedLife, the largest actor on the private medical service market in Romania, is in advanced talks to buy a medical company in Hungary for around EUR 5m. As of now the name of the company to be acquired is unknown.
The deal would be the first move by a Romanian private medical sector company abroad.
Note that the deal would amount for 3% of MedLife’s T12 2018 sales revenues.