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Personal Accident and Health Insurance in Croatia, Key Trends and Opportunities to 2020

Published By :

Timetric

Published Date : Sep 2017

Category :

Insurance

No. of Pages : 139 Pages

Synopsis
Timetrics 'Personal Accident and Health Insurance in Croatia, Key Trends and Opportunities to 2020' report provides detailed analysis of the trends, drivers, challenges in the Croatian personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20112015) and forecast period (20152020).

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 Timetrics 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
Timetrics 'Personal Accident and Health Insurance in Croatia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Croatian personal accident and health insurance segment, including:

The Croatian personal accident and health insurance segments growth prospects by insurance category

Key trends, drivers and challenges for the personal accident and health insurance segment

A comprehensive overview of the Croatian economy and demographics

The various distribution channels in the Croatian personal accident and health insurance segment

Details of the competitive landscape in the personal accident and health insurance segment in Croatia

Details of regulatory policy applicable to the Croatian insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Croatia:

It provides historical values for the Croatian personal accident and health insurance segment for the reports 20112015 review period, and projected figures for the 20152020 forecast period.

It offers a detailed analysis of the key categories in the Croatian personal accident and health insurance segment, and market forecasts to 2020.

It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Croatian personal accident and health insurance segment.

Assess the competitive dynamics in the personal accident and health 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
In June 2017, Croatia Osiguranje d.d. received approval from Hrvatska Agencija Za Nadzor Financijskih Usluga (HANFA) to merge with Croatia Zdravstveno d.d., the private health insurance unit of Croatia Osiguranje.

On February 26, 2016, Uniqa Osiguranje d.d. issued a primary health insurance card by signing a contract with the Croatian Institute for Health Insurance.

In May 2016, Croatia Osiguranje obtained the regulatory approval to acquire more than a 10% stake in VELEBIT Osiguranje and VELEBIT Zivotno Osiguranje.
Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHICS
4 SEGMENT OUTLOOK
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 OUTLOOK BY CATEGORY
5.1 Personal Accident Insurance
5.1.1 Policies
5.1.2 Claims
5.1.3 Profitability
5.2 Health Insurance
5.2.1 Policies
5.2.2 Claims
5.2.3 Profitability
5.3 Travel Insurance
5.3.1 Policies
5.3.2 Claims
5.3.3 Profitability
6 DISTRIBUTION CHANNEL OUTLOOK
6.1 Analysis by Distribution Channel
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Croatia Osiguranje d.d. company overview
7.1.2 Euroherc Osiguranje d.d. company overview
7.1.3 Allianz Zagreb d.d. company overview
7.1.4 Jadransko Osiguranje d.d. company overview
7.1.5 Triglav Osiguranje d.d. company overview
8 GOVERNANCE, RISK AND COMPLIANCE
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Personal accident insurance for passengers on public transport
8.4.2 Motor third-party liability insurance
8.4.3 Third-party liability insurance for boats and yachts
8.4.4 Health insurance
8.4.5 Unemployment insurance
8.4.6 Air carriers and aircraft operators insurance
8.4.7 Professional indemnity insurance for alternative investment fund managers
8.4.8 Professional indemnity insurance for insurance brokers and agencies
8.4.9 Clinical trials liability insurance
8.4.10 Liability insurance for oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 European Insurance and Occupational Pensions Authority
8.5.3 Croatian Financial Services Supervisory Agency
8.5.4 Federation of European Risk Management Associations
8.6 Non-Admitted Insurance Regulation
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 DATABOOK
9.1 Policies and Premium
9.1.1 Claims and expenses
9.1.2 Assets and investments
9.1.3 Direct marketing and e-commerce
9.1.4 Insurance brokers and agencies
9.1.5 Bancassurance and other distribution channels
9.1.6 Personal accident insurance
9.1.7 Health insurance
9.1.8 Health insurance by product
9.1.9 Travel insurance
10 DEFINITIONS AND METHODOLOGY
10.1 Definitions
10.2 Methodology
11 ABOUT TIMETRIC
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetrics Services
11.4 Disclaimer

List of Tables
Table 1: Croatian Personal Accident and Health Insurance Key Facts, 2015
Table 2: Croatian Personal Accident and Health Insurance Top Insurers, 2015
Table 3: Croatian Government Credit Ratings
Table 4: Croatian Personal Accident and Health Insurance Gross Written Premium (HRK Million and US$ Million), 20112015
Table 5: Croatian Personal Accident and Health Insurance Gross Written Premium (HRK Million and US$ Million), 20152020
Table 6: Croatian Personal Accident and Health Insurance Penetration (%), 20112015
Table 7: Croatian Personal Accident and Health Insurance Penetration (%), 20152020
Table 8: Croatian Personal Accident and Health Insurance Premium per Capita (HRK and US$), 20112015
Table 9: Croatian Personal Accident and Health Insurance Premium per Capita (HRK and US$), 20152020
Table 10: Croatian Personal Accident and Health Insurance Number of Policies Sold (Million), 20112015
Table 11: Croatian Personal Accident and Health Insurance Number of Policies Sold (Million), 20152020
Table 12: Croatian Personal Accident and Health Insurance Paid Claims (HRK Million and US$ Million), 20112015
Table 13: Croatian Personal Accident and Health Insurance Paid Claims (HRK Million and US$ Million), 20152020
Table 14: Croatian Personal Accident and Health Insurance Profitability Ratio (%), 20112015
Table 15: Croatian Personal Accident and Health Insurance Profitability Ratio (%), 20152020
Table 16: Croatian Personal Accident and Health Insurance Total Assets (HRK Billion and US$ Billion), 20112015
Table 17: Croatian Personal Accident and Health Insurance Total Assets (HRK Billion and US$ Billion), 20152020
Table 18: Croatian Personal Accident and Health Insurance Investment Portfolio (HRK Million), 20112015
Table 19: Croatian Personal Accident and Health Insurance Investment Portfolio (HRK Million), 20152020
Table 20: Croatian Personal Accident Insurance Number of Policies Sold (Million), 20112015
Table 21: Croatian Personal Accident Insurance Number of Policies Sold (Million), 20152020
Table 22: Croatian Personal Accident Insurance Paid Claims (HRK Million and US$ Million), 20112015
Table 23: Croatian Personal Accident Insurance Paid Claims (HRK Million and US$ Million), 20152020
Table 24: Croatian Personal Accident Insurance Loss Ratio (%), 20112015
Table 25: Croatian Personal Accident Insurance Loss Ratio (%), 20152020
Table 26: Croatian Health Insurance Number of Policies Sold by Sub-Category (Thousand), 20112015
Table 27: Croatian Health Insurance Number of Policies Sold by Sub-Category (Thousand), 20152020
Table 28: Croatian Health Insurance Paid Claims (HRK Million and US$ Million), 20112015
Table 29: Croatian Health Insurance Paid Claims (HRK Million and US$ Million), 20152020
Table 30: Croatian Health Insurance Loss Ratio (%), 20112015
Table 31: Croatian Health Insurance Loss Ratio (%), 20152020
Table 32: Croatian Travel Insurance Number of Policies Sold (Thousand), 20112015
Table 33: Croatian Travel Insurance Number of Policies Sold (Thousand), 20152020
Table 34: Croatian Travel Insurance Paid Claims (HRK Million and US$ Million), 20112015
Table 35: Croatian Travel Insurance Paid Claims (HRK Million and US$ Million), 20152020
Table 36: Croatian Travel Insurance Loss Ratio (%), 20112015
Table 37: Croatian Travel Insurance Loss Ratio (%), 20152020
Table 38: Croatian Personal Accident and Health Insurance Direct Written Premium by Distribution Channel (HRK Million), 20112015
Table 39: Croatian Personal Accident and Health Insurance Direct Written Premium by Distribution Channel (HRK Million), 20152020
Table 40: Croatian Personal Accident and Health Insurance Percentage of Direct Written Premium Ceded, by Distribution Channel, 20112020
Table 41: Croatian Personal Accident and Health Insurance Leading Insurers, 2015
Table 42: Croatia Osiguranje d.d. Key Facts
Table 43: Euroherc Osiguranje d.d. Key Facts
Table 44: Allianz Zagreb d.d. Key Facts
Table 45: Jadransko Osiguranje d.d. Key Facts
Table 46: Triglav Osiguranje d.d. Key Facts
Table 47: Croatia Insurance Regulatory Framework Key Features
Table 48: Croatia Life Insurance Regulatory Framework
Table 49: Croatia Property Insurance Regulatory Framework
Table 50: Croatia Motor Insurance Regulatory Framework
Table 51: Croatia Liability Insurance Regulatory Framework
Table 52: Croatia Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
Table 53: Croatia Parafiscal Taxes on Insurance Premium
Table 54: Croatia Corporate Tax Rates for Financial Year 2017
Table 55: Croatian Personal Accident and Health Insurance Industry Policies and Premium, 20112015
Table 56: Croatian Personal Accident and Health Insurance Industry Policies and Premium, 20152020
Table 57: Croatian Personal Accident and Health Insurance Claims and Expenses, 20112015
Table 58: Croatian Personal Accident and Health Insurance Claims and Expenses, 20152020
Table 59: Croatian Personal Accident and Health Insurance Assets and Investments, 20112015
Table 60: Croatian Personal Accident and Health Insurance Assets and Investments, 20152020
Table 61: Croatian Personal Accident and Health Insurance Direct Marketing and E- Commerce, 20112015
Table 62: Croatian Personal Accident and Health Insurance Direct Marketing and E-Commerce, 20152020
Table 63: Croatian Personal Accident and Health Insurance Insurance Brokers and Agencies, 20112015
Table 64: Croatian Personal Accident and Health Insurance Insurance Brokers and Agencies, 20152020
Table 65: Croatian Personal Accident and Health Insurance Bancassurance and Other Distribution Channels, 20112015
Table 66: Croatian Personal Accident and Health Insurance Bancassurance and Other Distribution Channels, 20152020
Table 67: Croatian Personal Accident and Health Insurance Personal Accident Insurance, 20112015
Table 68: Croatian Personal Accident and Health Insurance Personal Accident Insurance, 20152020
Table 69: Croatian Personal Accident and Health Insurance Health Insurance, 20112015
Table 70: Croatian Personal Accident and Health Insurance Health Insurance, 20152020
Table 71: Croatian Personal Accident and Health Insurance Health by Product, 20112015
Table 72: Croatian Personal Accident and Health Insurance Health by Product, 20152020
Table 73: Croatian Personal Accident and Health Insurance Travel Insurance, 20112015
Table 74: Croatian Personal Accident and Health Insurance Travel Insurance, 20152020
Table 75: Insurance Industry Definitions

List of Figures
Figure 1: Croatian Real GDP (HRK Billion), 20112020
Figure 2: Croatian GDP Components by Sector (%), 2016
Figure 3: Croatian Consumer Price Inflation (%), 20112020
Figure 4: Croatian Current Account Balance as Percentage of GDP (%), 20112015
Figure 5: Croatian Unemployment Rate, 20112020
Figure 6: Croatian Population by Age Group, 19902025
Figure 7: Croatian Personal Accident and Health Insurance Penetration Regional Comparison (%), 2015
Figure 8: Croatian Insurance Segment Direct Written Premium Shares Regional Comparison (%), 2015
Figure 9: Croatian Personal Accident and Health Insurance Gross Written Premium (HRK Million), 20112020
Figure 10: Croatian Personal Accident and Health Insurance Penetration (%), 20112020
Figure 11: Croatian Personal Accident and Health Insurance Premium per Capita (HRK), 20112020
Figure 12: Croatian Personal Accident and Health Insurance Number of Policies Sold (Million), 20112020
Figure 13: Croatian Personal Accident and Health Insurance Paid Claims (HRK Million), 20112020
Figure 14: Croatian Personal Accident and Health Insurance Profitability Ratio (%), 20112020
Figure 15: Croatian Personal Accident and Health Insurance Total Assets (HRK Billion), 20112020
Figure 16: Croatian Personal Accident and Health Insurance Investment Portfolio (HRK Million), 20112020
Figure 17: Croatian Personal Accident and Health Insurance Investment Portfolio Dynamics by Category, 20112020
Figure 18: Croatian Personal Accident Insurance Number of Policies Sold (Million), 20112020
Figure 19: Croatian Personal Accident Insurance Paid Claims (HRK Million), 20112020
Figure 20: Croatian Personal Accident Insurance Earned Premium, Incurred Loss and Loss Ratio (HRK Million and %), 20112020
Figure 21: Croatian Health Insurance Number of Policies Sold by Sub-Category (Thousand), 20112020
Figure 22: Croatian Health Insurance Paid Claims (HRK Million), 20112020
Figure 23: Croatian Health Insurance Earned Premium, Incurred Loss and Loss Ratio (HRK Million and %), 20112020
Figure 24: Croatian Travel Insurance Number of Policies Sold (Thousand), 20112020
Figure 25: Croatian Travel Insurance Paid Claims (HRK Million), 20112020
Figure 26: Croatian Travel Insurance Earned Premium, Incurred Loss and Loss Ratio (HRK Million and %), 20112020
Figure 27: Croatian Personal Accident and Health Insurance Direct Written Premium by Distribution Channel (%), 2011, 2015 and 2020
Figure 28: Croatia The Three Pillars of Solvency II
Figure 29: Croatia Insurance Supervision and Control at Various Levels
Figure 30: Croatia Insurance Regulatory Frameworks for Company Registration and Operation

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