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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Croatia non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Croatia's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Croatian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Croatia's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Croatia insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Croatia, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Croatia, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Croatia with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Croatia is one of the six countries which emerged from the break-up of the former Yugoslavia in 1991. It joined the EU in 2013 and aspires to join the euro area 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 ....
This is a brief extract of information; more updated information may be available in the latest published report