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Gross premiums written by Croatian insurers drop 1.6% y-o-y

Author: Marija Šestan

ZAGREB, May 27, 2016 (Hina) - Twenty-three insurers operating in Croatia saw a drop of 1.6% in gross written premiums at the end of April compared to April 2015, according to the Croatian Insurance Bureau (HUO).

Gross written premiums by the insurance companies totalled HRK 3.3 billion kuna at the end of April, and the drop was primarily due to lower life premiums.

Non-life premiums totalled HRK 2.25 billion, down by 0.2% year-on-year, and accounted for 68.06% of total gross premiums written.

Life premiums decreased by 4.4% to HRK 1.05 billion on the year.

Croatia Osiguranje (CO) and Allianz had a market share of 31.4% and 12.5% respectively, while the third-ranking insurer Euroherc held 7.66%.

(EUR 1 = HRK 7.5)

(Hina) ms

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