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Croatian insurers' Jan-May premiums rise 8.18% y/y to 659 mln euro

Author Iskra Pavlova
Croatian insurers' Jan-May premiums rise 8.18% y/y to 659 mln euro License: Creative Commons CC0

ZAGREB (Croatia), June 12 (SeeNews) - The gross written premiums of Croatian insurers totalled 4.883 billion kuna ($747 million/659 million euro) in the first five months of 2019, up 8.18% on the year, the Croatian Insurance Bureau said on Tuesday. 

Gross written premiums from non-life insurance rose 9.63% to 3.367 billion kuna in the period under review, while the life insurance segment earned premiums of 1.434 billion kuna, up 0.47% compared to the prior-year level, the Insurance Bureau said in a monthly report.

Croatia Osiguranje was the largest insurance in the Adriatic country at the end of May, accounting for almost 33% of total gross written premiums. Allianz Zagreb followed with 12% and Euroherz Osiguranje was third with nearly 10%. Euroherz Osiguranje provides non-life insurance services only.

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

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

(1 euro = 7.41327 kuna)

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