2014-04-02 20:41:03 - Croatia Insurance Report Q1 2014 - a new market research report on companiesandmarkets.com
As of mid- 2013, the general condition of Croatia´s insurance sector is similar to what it was a year ago. The non-life segment is fairly mature, competitive and constrained by the patchy economy. Life insurance premiums are growing - at low single-digit rates - although the risk aversion of Croatia´s investors and savers has reduced the popularity of unit-linked products. The government is looking to privatise CROATIA Osiguranje, but will maintain a minority stake.
As of late 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 and 2013. 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.
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