Croatia Insurance Q4 2019
Wider improvements in the country's economic climate will bode well for the life and non-life market over the short-to-medium term. Non-life insurance market growth will outpace growth in the life insurance market in 2019 as the demand for non-lifeinsurance and savings products steadily rises. Growth prospects in non-life insurance this year will be enhanced by positive growthin the massive motor vehicle insurance segment. Overall, we expect a modest uptick in both life and non-life insurance out to 2023,driven by wider macroeconomic headline growth and private final consumption, as household spending powers grow.
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