Croatian insurance companies reported gross insurance premiums of EUR 0.22 billion, a 1% decrease over the same period last year, according to cumulative data from the Croatian Insurance Bureau for January and February 2010.
General insurance premiums totaled EUR 0.17 billion, a 0.5% decrease year-on-year and cumulated a share of 78.46%. The premiums for mandatory motor liability insurance totaled EUR 53.70 million, a 2.2% decrease over the previous period.
General insurance premiums have also shown reductions as follows: accident insurance by 6.5%, motor body insurance by 14.2%, rolling-stock by 24.9%, property insurance by 14.2%, as well as travel insurance by 11.4%.
Concerning life insurance segment, the premiums decreased by 3% to EUR 48.08 million, with a market share of 21.54%.
In terms of the structure of life insurance, the highest share was related to protection policies (EUR 41.78 million, a 1.9% decrease), together with a 1.3% decrease in annuity insurance premiums (EUR 0.19 million), a 7.4% decrease in secondary insurance policies (EUR 3.19 million), as well as a 6.9% decrease in insurance policies for weddings and births (EUR 0.19 million).
