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Croatia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Croatia Insurance Report
- Independent 5-year insurance industry forecast for Croatia .
- Original insurance market research and insurance sector trend analysis for Croatia ’s insurance industry.
- Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Croatia .
The Croatia Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Croatia through end- ; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Croatia ; and analysis of the latest insurance industry developments, trends and regulatory changes in Croatia .
Business Monitor International's Croatia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Croatian insurance industry.
Coverage
Croatia Insurance Sector At A Glance
Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$.
Evolution of the Croatian Insurance Market
Analysis of recent developments in the local insurance market, including data on life and non-life premium values, density and penetration, dating from 1998.
BMI 5-Year Industry Forecasts for Croatia
Analysis of market growth drivers, including 5-year projections (to end- ) for premium values. Forecasts section also includes BMI risk ratings on local economy, politics and business environment. Industry indicators covered include:
Number of life and non-life insurance companies; total and per capita Property/Casualty premiums and claims; total and per capita Life/Health premiums and claims; total premium income; total claims/expenses; total operating expenses; total assets and investments; industry density (per capita premiums) and penetration (premiums as a portion of GDP)
BMI 5-Year Macroeconomic Forecast for Croatia
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Insurance Company Rankings in Croatia
Comparative company analyses and rankings by premium income (life and non-life).
Insurance Industry Competitive Landscape in Europe
A cross-border overview of key players and their market share across the region. Tables and graphs show country presence of multinationals throughout the region.
|
Croatia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - The Sector At A Glance |
| Table: Croatia's Insurance Sector At A Glance |
| Key Insights On Croatia's Insurance Sector |
Chapter - SWOT Analysis |
| Croatia Insurance Industry SWOT |
| Croatia Political SWOT |
| Croatia Economic SWOT |
| Croatia Business Environment SWOT |
Chapter - Development Of BMI's Insurance |
| Comment – The Global Financial Crisis |
| Table: Selected European Countries: Budget And Current Account, 2008 (as % of GDP) |
| Revision Of Data And Forecasts |
Chapter - Projections And Forecasts |
| Table: Insurance Premiums, 2006-2013 |
| Projections And Drivers Of Growth |
| Table: Growth Drivers, 2006-2013 |
Chapter - Country Update |
| Macroeconomic Activity |
| Table: Croatia – Economic Activity, 2006-2013 |
| Political Outlook |
Chapter - Insurance Business Environment Rating |
| Table: Croatia – Insurance Business Environment Indicators |
| Table: Central And Eastern Europe Insurance Business Environment Rankings |
Chapter - Regional Context |
| Table: Non-Life Premiums In A Regional Context, 2008 |
| Table: Life Premiums In A Regional Context, 2008 |
| Table: Comparison Of Major Lines As % Of Non-Life Premiums, 2006 |
Chapter - Analysis Of Competitive Conditions |
| Regional Overview |
Chapter - Company Profiles |
| AEGON |
| AIG |
| Allianz |
| Aviva |
| AXA |
| Cardif |
| Ergo |
| Eureko |
| Fortis |
| Generali |
| Grawe |
| Groupama |
| HDI-Gerling |
| HSBC Insurance |
| ING |
| MetLife |
| Prudential Financial |
| QBE |
| RSA |
| UNIQA |
| Vienna Insurance Group |
| Zurich |
Chapter - Country Snapshot: Croatia Demographic Data |
| Section 1: Population |
| Table: Demographic Indicators, 2005-2030 |
| Table: Rural/Urban Breakdown, 2005-2030 |
| Section 2: Education And Healthcare |
| Table: Education, 2000-2003 |
| Table: Vital Statistics, 2005-2030 |
| Section 3: Labour Market And Spending Power |
| Table: Employment Indicators, 1999-2004 |
| Table: Consumer Expenditure, 2000-2010 (US$) |
| Table: Average Annual Wages, 2000-2010 |
Chapter - Methodology |
| Basis Of Projections |
| Insurance Business Environment Rating |
| Table: Insurance Business Environment Indicators And Rationale |
| Table: Weighting Of Indicators |
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Croatia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The latest GDP data release for Croatia shows the economy continuing to slow during the third quarter of 2008, further confirming that the economic downtrend is now firmly in place and will continue to play out through 2009. The deterioration in trade dynamics, unwinding of domestic demand, and contraction in external credit availability constricted growth dynamics during the third quarter, with the economy only mustering up growth of 1.6% year-on-year (y-o-y), down from 3.4% the previous quarter, and marking a multiyear low.
Given the severity of the slowdown in the third quarter, and our belief that both domestic and external demand conditions will get worse before they get better, we have revised down our economic growth forecasts for 2009 and 2010. Specifically, whereas we were previously targeting growth of 2.1% in 2009, we now expect to see a contraction of 1.5%, coinciding with the deepening of the eurozone recession (with growth of -1.6% currently pencilled in). Moreover, given our belief that international credit markets will still take time to thaw from their current state of flux, and that risky emerging markets such as Croatia will come further down the priority list of international lending, we do not expect to see a swift return to pre-credit crunch levels of economic growth. As such, we forecast a mild recovery to 1.3% growth in 2010, ticking up further to 3.2% in 2011.
In Central and Eastern Europe (CEE), we profile 22 multi-national insurance companies. In alphabetical order, these are AEGON, AIG, Allianz, Aviva, AXA, Cardif, ERGO, Eureko, Fortis, Generali, GRAWE, Groupama, HDI-Gerling, HSBC Insurance, ING, MetLife, Prudential Financial, QBE, RSA, UNIQA, Vienna Insurance Group and Zurich Financial Services.
We also discuss the regional presence of Belgium’s KBC and Austria’s Erste Bank through a number of insurance subsidiaries and explain the importance of purely domestic firms to each of the various countries.
Over the course of 2008, actual total premiums in Croatia rose by 11% to HRK9,673mn. Non-life premiums rose by 9% to HRK7,132mn, while life premiums rose by 14% to HRK2,541mn.
Between now and the end of the forecast period, we expect that annual non-life premiums will grow HRK6,191mn, while life premiums should grow by HRK3,562mn.
Growth in non-life premiums should be driven by the general growth of nominal GDP plus a rise in nonlife penetration from the current level of 2.32% to 3.00%.
Growth in life premiums should be driven by the change in the overall population and a rise in life density from US$110.13 to US$250.00 per capita.
BMI’s Insurance Business Environment Rating for Croatia is 54.7.
|
Croatia Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Algeria, Egypt, Libya, Morocco, Nigeria, South Africa and Tunisia |
Asia |
| Australia, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam |
Caribbean |
| Bahamas, Barbados, Bermuda, Dominican Republic, Jamaica and Trinidad & Tobago |
Europe |
| Bulgaria, Czech Republic, Estonia, Germany, Greece, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine and United Kingdom |
Latin America |
| Argentina, Brazil and Mexico |
Middle East |
| Bahrain, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Turkey and United Arab Emirates |
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