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Croatian insurers' premiums rise 7% in 2019

Croatian insurers' premiums rise 7% in 2019 License: Creative Commons CC0

ZAGREB (Croatia), January 15 (SeeNews) - The gross written premiums of Croatian insurers increased by 7% year-on-year to 10.5 billion kuna ($1.6 billion/1.4 billion euro) in 2019, the Croatian Insurance Bureau said on Wednesday.

Gross written premiums from non-life insurance rose 11.26% to 7.5 billion kuna in the period under review, whereas the life insurance segment earned premiums of 3.1 billion kuna, down 2.14% compared to 2018, the insurance bureau said in a monthly report. 

Croatia Osiguranje was the largest insurance company in the Adriatic country at the end of December, accounting for 26.2% of total gross written premiums. Allianz Zagreb followed with 12.03% and Euroherc Osiguranje was third with 10.03%. Euroherc Osiguranje provides non-life insurance services only.

A total of 22 insurance companies operated in the country at the end of last year.

Croatia's insurers earned gross written premiums of 9.9 billion kuna in 2018, up 8.83% on 2017.

(1 euro = 7.44422 kuna)