Croatia Insurance Report Q4 2016

Date: August 24, 2016
Pages: 68
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI View: Croatia's insurance market is small by EU standards, but with potential for growth. At present, the market is dominated by essential or compulsory lines, including motor vehicle insurance, which accounts for nearly 50% of non-life premiums. However, with this market expected to continue to stagnate through the forecast period, we see greater potential for growth among less mature lines such as life and health insurance, where penetration is starting to pick up from a low base. However, we caution that the country's current political crisis following the recent disbandment of the coalition government presents an element of downside risk to our forecasts, particularly if consumer and business spending starts to drop off over the coming months.

Key Updates And Forecasts
  • Recent media reports show that the majority of Croatia's insurers have seen revenues from compulsory motor vehicle insurance (CMTPL) lines fall sharply since the liberalisation of the CMPTL market in September 2013. The development has led to increased price competition within the market to the detriment of most insurance groups, though niche providers and those with economies of scale in the market, such as Uniqa, have benefitted. Allianz and Croatia Osiguranje were among the worst affected providers, losing about 40% of revenues over the past two years.
  • A lack of growth in car insurance premiums will impact growth in the wider non-life sector over the forecast period, with premiums set to grow by just 0.7% in 2016 in local currency terms to HRK5.8bn. Premiums will stagnate thereafter, falling to HRK5.7bn in 2020.
BMI Industry View
  Table: Headline Insurance Forecasts (Croatia 2013-2020)
Industry Forecast
Life Premiums Forecast
  Table: Life Premiums (Croatia 2013-2020)
  Table: Life Insurance Claims (Croatia 2008-2015)
Non-Life Premiums Forecast
  Table: Non-Life Premiums (Croatia 2013-2020)
  Table: Non-Life Insurance Claims (Croatia 2009-2015)
Non-Life Sub-Sector Forecast
  Table: Non-Life Insurance Premiums By Product Line (Croatia 2013-2020)
Insurance Risk/Reward Index
Emerging Europe Risk/Reward Index
  Table: Emerging Europe Insurance Risk/Reward Index - Q416
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
  Table: Life Insurance Market (USDmn), 2008-2015
Non-Life Market Overview
Product Offering
Competitive Landscape
  Table: Non-Life Insurance Market (USDmn) 2008-2015
Company Profile
CROATIA Osiguranje


Vienna Insurance Group (VIG)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
Skip to top

Croatia Insurance Report Q1 2016 US$ 1,295.00 Nov, 2015 · 60 pages
Croatia Insurance Market Intelligence: 2011 Edition US$ 600.00 Jan, 2011 · 21 pages
Croatia Insurance Report Q2 2016 US$ 1,295.00 Mar, 2016 · 63 pages
Croatia Insurance Report Q3 2016 US$ 1,295.00 May, 2016 · 64 pages
Egypt Insurance Report Q1 2016 US$ 1,295.00 Jan, 2016 · 51 pages

Ask Your Question

Croatia Insurance Report Q4 2016
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: