Recently published research from Business Monitor International, "Croatia Insurance Report Q1 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 01/07/2014 -- 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.
View Full Report Details and Table of Contents
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.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Financial Services research reports at Fast Market Research
You may also be interested in these related reports:
- India Insurance Report Q1 2014
- Singapore Insurance Report Q1 2014
- Mexico Insurance Report Q1 2014
- Hong Kong Insurance Report Q1 2014
- Taiwan Insurance Report Q1 2014
- Brazil Insurance Report Q1 2014
- New Zealand Insurance Report Q1 2014
- Bulgaria Insurance Report Q1 2014
- China Insurance Report Q1 2014
- Thailand Insurance Report Q1 2014
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)