Croatia Insurance Report Q2 2013 - New Market Study Published
Recently published research from Business Monitor International, "Croatia Insurance Report Q2 2013", is now available at Fast Market Research
| Published on 26 February 2013 |
by Bill Thompson
(WireNews+Co)
Boston, MA
As of early 2013, the situation and short-term prospects of Croatia's insurance sector remain fairly uninspiring. Official data suggests that non-life insurance premiums contracted through much of 2012. We think that life premiums rose by around 2% last year. Development of the non-life segment is constrained by the softness of the economy. The general lack of interest in unit-linked products suggests that investors and savers remain cautious: this is a challenge for the life segment.
Nevertheless, there are a number of obvious strengths. One reason for the slippage in premiums is that companies are focusing on profitability ahead of growth for its own sake as highlighted by the recent results of market leader CROATIA Osiguranje. For a small country that is not yet a full member of the EU, a large number of multinational companies are present. Some of these are comparatively small Austrian groups such as GRAWE and Merkur. However, Allianz, Vienna Insurance Group (VIG, through three different subsidiaries), Generali, ERGO and UNIQA are present, as are less frequently encountered names such as Triglav and Baloise. Croatian households and businesses are being offered risk management and savings solutions by a variety of companies that can exploit opportunities of scale across European or even global businesses.
View Full Report Details (http://www.fastmr.com/prod/541206_croatia_insurance_report_q2_2013.aspx?afid=201)
CROATIA Osiguranje, which the government's now only has a 51% stake in, is not such a company. It remains BMI's view that another substantial shift in the shareholding of CROATIA Osiguranje could prove to be the catalyst for major and beneficial consolidation of a fairly fragmented insurance sector.
Partial Table of Contents:
- BMI Industry View - Table: Table: Total Premiums, 2010-2017
- SWOT - Insurance SWOT - Business Environment - Economic- Political
- Industry Forecast - Life - Table: Life Premiums, 2010-2017 - Non Life- Table: Non-Life Premiums, 2010-2017
- Industry Risk Reward Ratings - Table: Croatia Insurance Risk/Reward Rating- Table: Central And Eastern Europe Insurance Risk/Reward Ratings
- Market Overview - Life Sector Update- Non Life Sector Update
- Industry Trends And Developments - Life Growth Drivers And Risk Management Projections - Table: Insurance Key Drivers, Demographics, 2010-2017 - Non Life Growth Drivers And Risk Management Projections - Macroeconomic Outlook - Table: Croatia - Economic Activity - Political Stability Outlook - Table: Europe Security Risk Ratings - Healthcare Insurance - Epidemiology - Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017 - Motor- Table: Insurance Key Drivers, Autos 2010-2017
- Competitive Landscape
- Company Profile - Allianz - BNP Paribas Cardif - CROATIA Osiguranje - ERGO - Generali PPF Holding - Zavarovalnica Triglav- Vienna Insurance Group (VIG)
- Regional Overview - Central And Eastern Europe Life Sector Overview - Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn) - Central And Eastern Europe Non Life Sector Overview- Table: Central And Eastern European Non-Life Premiums, 2010-2017 (US$mn)
- Demographic Forecast - Table: Croatia's Population By Age Group, 1990-2020 ('000) - Table: Croatia's Population By Age Group, 1990-2020 (% of total) - Table: Croatia's Key Population Ratios, 1990-2020- Table: Croatia's Rural And Urban Population, 1990-2020
- Methodology.
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Posted 2013-02-26 10:07:00














