Title: Croatian insurance market
1Croatian insurance market 2004
2CROATIA - 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
3Insurance 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
4Structure of the insurance market in 2004
5Croatian 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
6Croatian insurance market in 2004
- insurance density
- gross written premium per capita 199,14 EUR
- insurance penetration
- premium share in a GDP 3,2
7TOTAL GROSS WRITTEN PREMIUM 2000 - 2004
in 000 Kn
8NON-LIFE GROSS WRITTEN PREMIUM in 2004
9NON-LIFE PAID LOSSES in 2004
10GROSS WRITTEN PREMIUM
11PAID LOSSES
12Croatian insurance market in 2004
- 25 insurance companies
- 7 non-life insurers
- 4 life insurers
- 14 non-life and life insurers
- 2 reinsurance companies
13Croatian insurance market in 2004
- domestic insurance companies 12
- Market share 71,08
- foreign insurance companies 13
- Market share 28,92
14Croatian insurance market - overview
15Share in total gross written premium in 2004
16Share in life gross written premium in 2004
17Share in non-life gross written premium in 2004
18CROATIAN 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.
19CROATIAN 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.
20CROATIAN 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.
21Legislature current situation
- Obligations Act Insurance treaties
- Insurance Act Insurance companies
- Insurance Intermediation and Representation Act
agencies and brokers
22Changes...
- Obligations Act adopted
- Insurance Act in procedure
- Compulsory insurance Act in procedure
23Supervisory
- Current situation
- Insurance Companies supervisory authority
- Future situation
- Finance non banking sector supervising agency
24Insurance associations
- Croatian Insurance Bureau (HUO) Green card,
uninsured cars, etc. - Banking and Finance Department with Croatian
Chamber of Economy