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Croatian insurers' premiums rise 7.69% y/y in Jan-June

Croatian insurers' premiums rise 7.69% y/y in Jan-June License: Creative Commons CC0

ZAGREB (Croatia), July 18 (SeeNews) - The gross written premiums of Croatian insurers rose 7.69% year-on-year to 5.796 billion kuna ($881.7 million/784.5 million euro) in the first half of 2019, the Croatian Insurance Bureau said. 

Gross written premiums from non-life insurance increased 10.59% to 4.1 billion kuna in the period under review, whereas the life insurance segment earned premiums of 1.678 billion kuna, up 1.18% compared to the prior-year's level, the Insurance Bureau said in a monthly report issued last week.

Croatia Osiguranje was the largest insurance company in the Adriatic country at the end of June, accounting for 28.9% of total gross written premiums. Allianz Zagreb followed with 13.4% and Euroherz Osiguranje was third with nearly 10.6%. Euroherz Osiguranje provides non-life insurance services only.

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

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

(1 euro = 7.38952 kuna)