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Croatian insurers' premiums rise 7.22% y/y in Jan-Aug

Croatian insurers' premiums rise 7.22% y/y in Jan-Aug License: Creative Commons CC0

ZAGREB (Croatia), September 13 (SeeNews) - The gross written premiums of Croatian insurers rose 7.22% year-on-year to 7.4 billion kuna ($1.1 billion/1 billion euro) in the first eight months of 2019, the Croatian Insurance Bureau said. 

Gross written premiums from non-life insurance increased 11.27% to 5.26 billion kuna in the period under review, whereas the life insurance segment earned premiums of 2.13 billion kuna, down 1.62% compared to the prior year's level, the Insurance Bureau said in a monthly report on Wednesday.

Croatia Osiguranje was the largest insurance company in the Adriatic country at the end of August, accounting for 27.9% of total gross written premiums. Allianz Zagreb followed with 13.3% and Euroherz Osiguranje was third with some 11%. Euroherc Osiguranje provides non-life insurance services only.

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

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

(1 euro = 7.38821 kuna)