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Croatian Non-life Insurance rising, life falling according to the market results

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According to the data of the Croatian Insurance authority, by September 2022, GWP of the insurance companies reached HRK 9.73 billion (~EUR 1.28 billion), which represents an increase of 7.90% y-o-y.

The non-life segment makes up 77.57% of the total market, which is HRK 7.55 billion and is 10.65% higher than a year ago.

Liability insurance of motor vehicle owners continues to be the most popular class with a gross premium of HRK 2.39 billion. The class recorded a growth of 6.90% y-o-y, its share in the total premium is 24.56% and 31.66% in the non-life segment.

The life segment generated HRK 2.18 billion and saw a decrease of 0.62%. Life insurance accounts for 22.43% of the total market (in 2021, its share was 24.35%).

The largest share is classic life insurance with a premium of HRK 1.64 billion, which is lower by 9.26% compared to 2021. The share of this class in the life portfolio is 75.38%, and in the total premium is 16.91%.

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