Croatia Insurance Report Q3 2018
We have made a series of revisions in the latest Q318 Croatia insurance update to account for the latest market trendsand currency fluctuations. Wider improvements in the country's economic climate will bode well for the life and non-life market overthe short and medium terms. Life insurance market growth will outpace growth in the non-life insurance market in 2018 asthe demand for life insurance and savings products steadily rises. Growth prospects in non-life insurance this year will be dampenedby negative growth in the massive motor vehicle insurance segment, resulting from strong price pressures and a weak outlook forthe Croatian national vehicle fleet. Overall, we expect a modest uptick in both life and non-life insurance out to 2022, driven by widermacroeconomic headline growth and private final consumption, as household spending powers grow.
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