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Life Insurance in Croatia, Key Trends and Opportunities to 2020

Life Insurance in Croatia, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in Croatia, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Croatian life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Croatian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in Croatia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Croatian life insurance segment, including:

  • The Croatian life insurance segment’s growth prospects by life insurance category
  • Key trends, drivers and challenges for the life insurance segment
  • A comprehensive overview of the Croatian economy and demographics
  • The various distribution channels in the Croatian life insurance segment
  • Details of the competitive landscape in the life insurance segment in Croatia
  • Details of regulatory policy applicable to the Croatian insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Croatia:
  • It provides historical values for the Croatian life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Croatian life insurance segment, and market forecasts to 2020.
  • It analyzes the various distribution channels for life insurance products in Croatia.
  • It profiles the top life insurance companies in Croatia and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Croatian life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Croatian life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Croatian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • According to the Croatian Insurance Bureau, the Croatian insurance industry accounted for 0.03% of the global insurance premium, and ranked 67th in the world in 2015.
  • On October 10, 2016, Allianz Zagreb d.d. launched the modified version of Allianz prospectus, a unit linked product with multiple payment options, such as monthly, quarterly and annually.
  • Solvency II was implemented on January 1, 2016, following which insurance companies need to maintain a minimum reserve to operate in Croatia.


  • Key Facts and Highlights
    • Table Croatian Life Insurance - Key Facts, 2015
    • Table Croatian Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Croatian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Croatian Life Insurance - Gross Written Premium (HRK Billion and US$ Million), 2011-2015
        • Table Croatian Life Insurance - Gross Written Premium (HRK Billion and US$ Million), 2015-2020
        • Table Croatian Life Insurance - Penetration (%), 2011-2015
        • Table Croatian Life Insurance - Penetration (%), 2015-2020
        • Table Croatian Life Insurance - New Business Direct Written Premium (HRK Billion and US$ Million), 2011-2015
        • Table Croatian Life Insurance - New Business Direct Written Premium (HRK Billion and US$ Million), 2015-2020
        • Table Croatian Life Insurance - Premium per Capita (HRK and US$), 2011-2015
        • Table Croatian Life Insurance - Premium per Capita (HRK and US$), 2015-2020
      • Policies sold
        • Table Croatian Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Croatian Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Croatian Life Insurance - Paid Claims (HRK Billion and US$ Million), 2011-2015
        • Table Croatian Life Insurance - Paid Claims (HRK Billion and US$ Million), 2015-2020
      • Assets and investments
        • Table Croatian Life Insurance - Total Assets (HRK Billion and US$ Billion), 2011-2015
        • Table Croatian Life Insurance - Total Assets (HRK Billion and US$ Billion), 2015-2020
        • Table Croatian Life Insurance - Investment Portfolio (HRK Billion), 2011-2015
        • Table Croatian Life Insurance - Investment Portfolio (HRK Billion), 2015-2020
  • Outlook by Sub-Segment
    • Individual Life Insurance
      • Policies sold
        • Table Croatian Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2011-2015
        • Table Croatian Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Croatian Life Insurance - Direct Written Premium by Distribution Channel (HRK Million), 2011-2015
      • Table Croatian Life Insurance - Direct Written Premium by Distribution Channel (HRK Million), 2015-2020
      • Table Croatian Life Insurance - Percentage of Direct Written Premium Ceded, by Distribution Channel, 2011-2020
  • Competitive Landscape
    • Table Croatian Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Allianz Zagreb d.d. - company overview
        • Table Allianz Zagreb dd - Key Facts
        • Table Allianz Zagreb dd - Key Financials (HRK Million), 2011-2015
      • Croatia Osiguranje d.d. - company overview
        • Table Croatia Osiguranje dd - Key Facts
        • Table Croatia Osiguranje dd - Key Financials (HRK Million), 2011-2015
      • UNIQA Osiguranje d.d. - company overview
        • Table UNIQA Osiguranje dd - Key Facts
        • Table UNIQA Osiguranje dd - Key Financials (HRK Million), 2011-2015
      • Wiener Osiguranje Vienna Insurance Group d.d. - company overview
        • Table Wiener Osiguranje Vienna Insurance Group dd - Key Facts
        • Table Wiener Osiguranje Vienna Insurance Group dd - Key Financials (HRK Million), 2011-2015
      • Grawe Hrvatska d.d. - company overview
        • Table Grawe Hrvatska dd - Key Facts
        • Table Grawe Hrvatska dd - Key Financials (HRK Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Croatia - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Croatia - Life Insurance Regulatory Framework
      • Property insurance
        • Table Croatia - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Croatia - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Croatia - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Personal accident insurance for passengers on public transport
      • Motor third-party liability insurance
      • Third-party liability insurance for boats and yachts
      • Health insurance
      • Unemployment insurance
      • Air carriers and aircraft operators insurance
        • Table Croatia - Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Professional indemnity insurance for insurance brokers and agencies
      • Clinical trials liability insurance
      • Liability insurance for oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Croatian Financial Services Supervisory Agency
      • Federation of European Risk Management Associations
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Croatia - Parafiscal Taxes on Insurance Premium
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Croatia ¬ Corporate Tax Rates for Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Croatian Life Insurance - Policies and Premium, 2011-2015
      • Table Croatian Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Croatian Life Insurance - Claims and Expenses, 2011-2015
      • Table Croatian Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Croatian Life Insurance - Assets and Investments, 2011-2015
      • Table Croatian Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Croatian Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Croatian Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Croatian Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Croatian Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Croatian Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Croatian Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Individual Life Insurance
      • Table Croatian Life Insurance - Individual Life Insurance, 2011-2015
      • Table Croatian Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table Croatian Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table Croatian Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Individual Life - Single vs Non-Single Premium
      • Table Croatian Life Insurance - Individual Life Insurance by Premium, 2011-2015
      • Table Croatian Life Insurance - Individual Life Insurance by Premium, 2015-2020
    • Linked vs Non-Linked Policies
      • Table Croatian Life Insurance - Linked vs Non-Linked Policies, 2011-2015
      • Table Croatian Life Insurance - Linked vs Non-Linked Policies, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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