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  • Ownership of Croatian Insurance

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    The document summarizes ownership of Croatian insurance companies by type of insurance (non-life, life, composite, reinsurance) as of September 2005. The majority of non-life and composite insurers were majority owned by Croatian entities, while the majority of life and reinsurance companies were majority owned by foreign entities. Total written insurance premiums in Croatia for 2005 were 7.37 billion kunas, an increase of 10.9% from 2004, with the strongest growth occurring in the life insurance segment over the past 5 years.

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    Ownership of Croatian Insurance

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    The document summarizes ownership of Croatian insurance companies by type of insurance (non-life, life, composite, reinsurance) as of September 2005. The majority of non-life and composite insurers were majority owned by Croatian entities, while the majority of life and reinsurance companies were majority owned by foreign entities. Total written insurance premiums in Croatia for 2005 were 7.37 billion kunas, an increase of 10.9% from 2004, with the strongest growth occurring in the life insurance segment over the past 5 years.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views2 pages

    Ownership of Croatian Insurance

    Uploaded by

    Place279
    The document summarizes ownership of Croatian insurance companies by type of insurance (non-life, life, composite, reinsurance) as of September 2005. The majority of non-life and composite insurers were majority owned by Croatian entities, while the majority of life and reinsurance companies were majority owned by foreign entities. Total written insurance premiums in Croatia for 2005 were 7.37 billion kunas, an increase of 10.9% from 2004, with the strongest growth occurring in the life insurance segment over the past 5 years.

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    Table 5: Ownership of Croatian insurance companies considering assortment (September, 2005)

    Non-life insurance Life insurance Composite insurance Re-insurance Total

    Majority owned by Croatian natural and legal persons Majority owned by foreign legal persons 5 2 1 4 4 8 1 1 12 14

    Total

    12

    26

    Source: CCE Banking and Finance Department. (www.hgk.hr)

    According to unaudited data, total written premiums of Croatian insurance in 2005 was 7,37 billions kunas, which is 10.9% higher then in 2004 (Banka, 2006). During the last five years the strongest increase of total written premiums was accomplished in the segment of life insurance.

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