Life Report

Product Insurance Market Reports Life Rev Croatia

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Croatia's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Croatia's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Croatia

The Croatia life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Croatia.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Croatia and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Croatia’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Croatia is available.

Axco’s report describes the regulatory framework that applies to the Croatia domestic life insurance sector, including whether non-admitted insurance is permitted in Croatia; as well as the legislation necessary to know regarding Croatia’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Croatia with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Croatian market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Croatia, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Croatian pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Croatia report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Croatia Life and Benefits Report Extract

Below are brief extracts of information from the Croatia Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Croatia is one of the six countries which emerged from the breakup of the former Yugoslavia in 1991. It joined the EU in 2013 and aspires to join the Eurozone in 2022. Because of poor governance and a reluctance to privatise, the country has suffered from severe de-industrialisation and is now supported economically by tourism to its Adriatic coast and islands. Low interest rates and high levels of bank lending allowed a consumer boom in 2017-19, which was principally expressed in record numbers of new car sales. For the longer term, an aging population and high levels of youth emigration will probably condemn the country to a future of economic stagnation.


Croatia has a three-pillar pension system comprising the state pension (pillar I), mandatory private pensions (pillar II) and voluntary private pensions (pillar III). Annuities for mandatory pension fund members may only be provided by special-purpose pension insurance companies (PIC).

Croatia introduced a mandatory private pension system written on a defined contribution (DC) basis on 1 January 2002. Membership is compulsory for all new entrants to the workforce and for all existing employees who were below age 40 on 1 January 2002. The mandatory contribution level is 5% of eligible earnings, which is diverted from ....


There are only limited opportunities for private medical insurance in Croatia, partly because of the comprehensive coverage provided by the mandatory insurance system, and partly because surgery remains a near-monopoly of the state hospital system. There are two principal types of PMI product, known locally as additional health insurance and supplementary health insurance, respectively. Additional health insurance focuses on preventive medicine, specialist examinations and diagnostics, all of which may be carried out more quickly and to a higher standard in the private sector. Supplementary health insurance mainly covers patient contributions (co-payments) to state medical treatment. This class is dominated by the HZZO, the state agency that administers the mandatory insurance system. Nobody yet offers ....

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