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Croatian insurers' premiums rise 7.17% y/y in Jan-July

Author Iskra Pavlova
Croatian insurers' premiums rise 7.17% y/y in Jan-July License: Creative Commons CC0

ZAGREB (Croatia), August 14 (SeeNews) - The gross written premiums of Croatian insurers rose 7.17% year-on-year to 6.7 billion kuna ($1.0 billion/907 million euro) in the first seven months of 2019, the Croatian Insurance Bureau said. 

Gross written premiums from non-life insurance increased 11.1% to 4.78 billion kuna in the period under review, whereas the life insurance segment earned premiums of 1.92 billion kuna, down 1.48% compared to the prior-year's level, the Insurance Bureau said in a monthly report issued earlier this week.

Croatia Osiguranje was the largest insurance company in the Adriatic country at the end of July, accounting for 30.8% of total gross written premiums. Allianz Zagreb followed with 12% and Euroherz Osiguranje was third with some 10%. Euroherc Osiguranje provides non-life insurance services only.

A total of 20 insurance companies operated in the country at the end of July.

Croatia's insurers earned gross written premiums of 9.9 billion kuna last year, up 8.83% on 2017.

(1 euro = 7.38821 kuna)

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