ZAGREB, 18 July, 2021- Gross premiums written by Croatian insurance companies in the first six months of 2021 totalled HRK 6.4 billion, which is a 13.1% increase year-on-year, show data released by the Croatian Insurance Bureau (HUO).
Gross non-life insurance premiums increased by 13.1% to HRK 4.8 billion, and gross life insurance premiums went up by 13.3% to HRK 1.6 billion.
Motor vehicle liability insurance continues to be the most prevalent type of non-life insurance, with gross premiums written in the amount of HRK 1.5 billion, an increase of 17% on the year.
Traditional life insurance plans accounted for the largest portion of life insurance, with premiums in the amount of HRK 1.3 billion, 14.6% up from June 2020.
Croatia Osiguranje, Euroherz, Allianz cover a half of insurance market
Croatia Osiguranje (CO) still holds the biggest market share in terms of gross premiums, of 26.7%, with gross premiums written having increased by 7.9% on the year, to HRK 1.7 billion.
It is followed by Euroherc, with a market share of 11.5% and an increase in gross premiums written of 14.8% to HRK 736.7 million.
Allianz ranks third, and it registered an increase in gross premiums written of 11.8% to HRK 719.9 million, and a market share of 11.2%.
(€1 = HRK 7.5)
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