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Croatian insurers' premiums rise 7.15% y/y in Jan-Oct

Croatian insurers' premiums rise 7.15% y/y in Jan-Oct License: Creative Commons CC0

ZAGREB (Croatia), November 12 (SeeNews) - The gross written premiums of Croatian insurers increased 7.15% year-on-year to 8.95 billion kuna ($1.3 billion/1.2 billion euro) in the first ten months of 2019, the Croatian Insurance Bureau said. 

Gross written premiums from non-life insurance rose 11.4% to 6.4 billion kuna in the period under review, whereas the life insurance segment earned premiums of 2.6 billion kuna, down 2.1% compared to the prior year's level, the insurance bureau said in a monthly report on Monday.

Croatia Osiguranje was the largest insurance company in the Adriatic country at the end of October, accounting for 26.9% of total gross written premiums. Allianz Zagreb followed with 13.12% and Euroherc Osiguranje was third with 11.5%. Euroherc Osiguranje provides non-life insurance services only.

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

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

(1 euro = 7.44421 kuna)