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New Market Report Now Available: Croatia Insurance Report Q1 2014

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2014-01-05 20:18:27 - Recently published research from Business Monitor International, "Croatia Insurance Report Q1 2014", is now available at Fast Market Research

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.

Full Report Details at

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, 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.

CROATIA Osiguranje, which the government now only has a direct 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.

Report Table of Contents:

BMI Industry View
- Table: Total Premiums, 2010-2017
- Insurance
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Life Premiums, 2010-2017
- Non-Life
- Table: Non Life Premiums, 2010-2017
Industry Risk Reward Ratings
- Central and Eastern European Risk/Reward Ratings
- Table: Central And Eastern Europe Risk/Reward Ratings
- Croatia Insurance Risk Reward Ratings
- Table: Croatia Insurance Risk/Reward Rating
Market Overview
- Life Sector Update
- Non-Life Sector Update
Industry Trends And Developments
- Life Growth Drivers And Risk Management Projections
- Population
- 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 Regional Security Ratings (scores out of 100, with 100 the best)
- Healthcare Provision
- Healthcare Expenditure
- Healthcare Reform
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Motor
- Table: Insurance Key Drivers, Autos 2010-2017
Competitive Landscape
- Croatia Insuance Competitive Landscape
- Central And Eastern Europe Competitive Landscape
Company Profile
- Allianz
- CROATIA Osiguranje
- Generali
- UNIQA Group
- Vienna Insurance Group (VIG)
Regional Overview
- Central & Eastern Europe - Life
- Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn)
- Central & Eastern Europe - Non-Life
- Table: Central And Eastern Europe - Non-Life Premiums US$mn, 2010-2017
Demographic Forecast
- Demographic Outlook
- 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
- Industry Forecast Methodology
- Risk/Reward Rating Methodology
- Table: Insurance Risk/Reward Ratings Indicators
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

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