Croatian insurance market drops by 0.8% y/y in Jan-May.

By bne IntelliNews June 19, 2012
Croatia's insurance companies reported a combined gross written premium of HRK 4.1bn (EUR 545.3mn) in January-May, down by an annual 0.8%, the countrys financial regulator said on its website. The life insurance segment rose by 2.7% on the year to HRK 975mn, while the non-life insurance premiums went down by 1.8% on the year to HRK 3.1bn. Croatia Osiguranje remained a market leader with a premium income of HRK 1.43bn in January-May. It held the leading position in both the non-life insurance segment (41.4%) and in the life insurance segment (13.8%), or an overall share of 34.9%. Allianz ranked second with a market share of 12.2%, followed by Euroherc with a 9.4% share.

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