Croatian insurance market

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Croatian insurance market 2004
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CROATIA - general information Territory
area 56.542 km2 Aquatorium area 31.067 km2
Population number 4.437.460 Capital
city ZAGREB population 779.145 Currency kun
a (Kn) 1 EUR7,364438 Kn Inflation rate in
2004 2,1
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Insurance premium in 2004

• gross written life premium 1.569.423.000 Kn
• gross written non-life premium 5.057.447.000 Kn
• TOTAL gross written premium 6.626.870.000 Kn

Average exchange rate for the year 2004 1
EUR7,495623 Kn
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Structure of the insurance market in 2004
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Croatian insurance market in 2004

• market growth by 9,2
• life insurance growth by 16,3
• non-life insurance growth by 7,2
• GDP growth by 3,8

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Croatian insurance market in 2004

• insurance density
• gross written premium per capita 199,14 EUR
• insurance penetration
• premium share in a GDP 3,2

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TOTAL GROSS WRITTEN PREMIUM 2000 - 2004
in 000 Kn
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NON-LIFE GROSS WRITTEN PREMIUM in 2004
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NON-LIFE PAID LOSSES in 2004
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GROSS WRITTEN PREMIUM
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PAID LOSSES
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Croatian insurance market in 2004

• 25 insurance companies
• 7 non-life insurers
• 4 life insurers
• 14 non-life and life insurers
• 2 reinsurance companies

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Croatian insurance market in 2004

• domestic insurance companies 12
• Market share 71,08
• foreign insurance companies 13
• Market share 28,92

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Croatian insurance market - overview
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Share in total gross written premium in 2004
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Share in life gross written premium in 2004
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Share in non-life gross written premium in 2004
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CROATIAN INSURANCE MARKET - GROSS WRITTEN PREMIUM
FOR THE YEARS 2003 AND 2004
Currency Kn
First 6 companies participate with 78,03 in
total gross written premium for 2004.
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CROATIAN INSURANCE MARKET LIFE GROSS WRITTEN
PREMIUM FOR THE YEARS 2003 AND 2004
Currency Kn
First 6 companies participate with 72,95 in life
gross written premium for 2004.
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CROATIAN INSURANCE MARKET NON LIFE GROSS
WRITTEN PREMIUM FOR THE YEARS 2003 AND 2004
Currency Kn
First 6 companies participate with 87,80 in
non-life gross written premium for 2004.
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Legislature current situation

• Obligations Act Insurance treaties
• Insurance Act Insurance companies
• Insurance Intermediation and Representation Act
  agencies and brokers

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Changes...

• Obligations Act adopted
• Insurance Act in procedure
• Compulsory insurance Act in procedure

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Supervisory

• Current situation
• Insurance Companies supervisory authority

• Future situation
• Finance non banking sector supervising agency

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Insurance associations

• Croatian Insurance Bureau (HUO) Green card,
  uninsured cars, etc.
• Banking and Finance Department with Croatian
  Chamber of Economy