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Life Insurance in Croatia to 2017


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The Croatian life insurance segment is small and competitive with the five leading companies accounting for a combined market share of 58.3% in 2011. Over the forecast period, insurers are expected to focus on minimizing costs to write new business, business strategies to develop new products and enhancing distribution channels to provide impetus for growth.

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Life Insurance in Croatia to 2017

  1. 1. Life Insurance in Croatia, Key Trends and Opportunities to 2017SynopsisThe report provides in depth market analysis, information and insights into the Croatian life insurancesegment, including:The Croatian life insurance market’s growth prospects by insurance categories Key trends anddrivers for the Croatian life insurance segment The various distribution channels in the Croatian life insurancesegment Detailed competitive landscape in the life insurance segment in Croatia A description of the lifereinsurance segment in Croatia Porters Five Forces Analysis of the life insurance segmentExecutive summaryThe Croatian life insurance segment is small and competitive with the five leading companies accounting fora combined market share of 58.3% in 2011. Over the forecast period, insurers are expected to focus onminimizing costs to write new business, business strategies to develop new products and enhancingdistribution channels to provide impetus for growth.ScopeThis report provides a comprehensive analysis of the life insurance market in Croatia:It provides historical values for Croatias life insurance market for the report’s 2008–2012review period and forecast figures for the 2012–2017 forecast period It offers a detailed analysis of thekey sub-segments in Croatias life insurance market, along with market forecasts until 2017 It covers anexhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses,combined ratio, frauds and crimes, total assets, total investment income and retentions It analyses the variousdistribution channels for life insurance products in Croatia Using Porter’s industry-standard“Five Forces” analysis, it details the competitive landscape in Croatia for the life insurancebusiness It provides a detailed analysis of the reinsurance market in Croatia and its growth prospects It profilesthe top life insurance companies in Croatia and outlines the key regulations affecting themReasons to buyMake strategic business decisions using historic and forecast market data related to the Croatian lifeinsurance market and each sector within it Understand the demand-side dynamics, key market trends andgrowth opportunities within the Croatian life insurance market Assess the competitive dynamics in the lifeinsurance market, along with the reinsurance segment Identify the growth opportunities and market dynamicswithin key product categories Gain insights into key regulations governing the Croatian insurance market andits impact on companies and the markets futureKey highlightsThe Croatian life insurance segment accounted for 25.6% of the country’s insurance industry grosswritten premium in 2012. The weak growth affected demand for all life insurance products, especiallyindividual life, term life and marriage and birth polices, and consumer purchasing power weakened as a resultof an increase in the unemployment rate and decline in per capita income. Life insurers in Croatia employvarious distribution channels to deliver insurance products. Agencies was the most preferred channel,accounting for 40% of the total life insurance written premium in 2012. The presence of a large number offoreign-owned companies is testimony to the country’s favorable regulations and competitiveLife Insurance in Croatia, Key Trends and Opportunities to 2017
  2. 2. insurance industry. The increase in the elderly population will contribute to the growth of retirement-relatedproducts such as pension, annuity and superannuation coverage.table Of Contents1 Executive Summary2 Introduction2.1 What Is This Report About?2.2 Definitions2.3 Methodology3 The Croatian Insurance Industry Attractiveness3.1 Croatian Insurance Industry Size, 2008–20173.2 Key Industry Trends And Drivers3.2.1 Business Trends And Drivers3.2.2 Consumer Drivers3.3 Product And Targeting Strategies3.4 Recent Market Developments4 Life Insurance Outlook4.1 Life Insurance Growth Prospects By Category4.1.1 Individual Life Insurance4.1.2 Individual General Annuity Insurance4.1.3 Individual Endowment Insurance4.1.4 Individual Marriage And Birth Insurance4.1.5 Individual Unit-linked Insurance4.1.6 Individual Term Life Insurance4.1.7 Individual Supplementary4.1.8 Individual Others Insurance4.2 Life Insurance Growth Prospects By Product Type4.2.1 Individual Single-premium Policies4.2.2 Individual Non-single-premium Policies5 Analysis By Distribution Channel5.1 Direct Marketing5.2 Bancassurance5.3 AgenciesLife Insurance in Croatia, Key Trends and Opportunities to 2017
  3. 3. 5.4 E-commerce5.5 Brokers5.6 Other Channels6 Porter’s Five Forces Analysis6.1 Bargaining Power Of Suppliers: Low To Medium6.2 Bargaining Power Of Buyers: Medium To High6.3 Barriers To Entry: Medium6.4 Intensity Of Rivalry: High6.5 Threat Of Substitutes: Low To Medium7 Reinsurance Growth Dynamics And Challenges7.1 Reinsurance Segment Size, 2008–20177.2 Reinsurance Segment Size By Type Of Insurance, 2008–20178 Competitive Landscape And Strategic Insights8.1 Overview8.2 Leading Companies In The Croatian Life Insurance Segment8.3 Comparison Of Five Leading Life Insurers8.3.1 Gross Written Premium8.3.2 Outwards Reinsurance Expense8.3.3 Net Earned Premiums8.3.4 Commission And Expenses8.3.5 Paid Claims8.3.6 Pre-tax Profit/loss8.3.7 Total Assets8.3.8 Net Loss Ratio8.4 Allianz Zagreb D.d. – Company Overview8.4.1 Allianz Zagreb D.d. – Key Facts8.4.2 Allianz Zagreb D.d. – Key Financials8.5 Croatia Osiguranje D.d. – Company Overview8.5.1 Croatia Osiguranje D.d. – Key Facts8.5.2 Croatia Osiguranje D.d. – Key Financials8.6 Merkur Osiguranje D.d. – Company Overview8.6.1 Merkur Osiguranje D.d. – Key Facts8.6.2 Merkur Osiguranje D.d. – Key Financials8.7 Agram životno Osiguranje D.d. – Company Overview8.7.1 Agram životno Osiguranje D.d. – Key Facts8.7.2 Agram životno Osiguranje D.d. – Key Financials8.8 Kvarner Vienna Insurance Group D.d. – Company OverviewLife Insurance in Croatia, Key Trends and Opportunities to 2017
  4. 4. 8.8.1 Kvarner Vienna Insurance Group D.d. – Key Facts8.8.2 Kvarner Vienna Insurance Group D.d. – Key Financials8.9 Grawe Hrvatska D.d. – Company Overview8.9.1 Grawe Hrvatska D.d. – Key Facts8.9.2 Grawe Hrvatska D.d. – Key Financials9 Business Environment And Country Risk9.1 Business Confidence9.1.1 Market Capitalization Trend – Zegreb Stock Exchange, Croatia9.1.2 Foreign Direct Investment (fdi) Inflow9.1.3 Domestic Bank Credit As A Percentage Of Gdp9.2 Economic Performance9.2.1 Gdp At Constant Prices (us Dollar)9.2.2 Gdp Per Capita At Constant Prices (us Dollars)9.2.3 Gdp At Current Prices (us Dollar)9.2.4 Gdp Per Capita At Current Prices (us Dollars)9.2.5 Gdp Split By Key Sectors9.2.6 Agriculture Net Output At Current Prices (us$ Billion)9.2.7 Agriculture Net Output As A Percentage Of Gdp9.2.8 Manufacturing Net Output At Current Prices (us$ Billion)9.2.9 Manufacturing Net Output As A Percentage Of Gdp9.2.10 Mining, Manufacturing And Utilities At Current Prices (us$ Billion)9.2.11 Mining, Manufacturing And Utilities As A Percentage Of Gdp9.2.12 Construction Net Output At Current Prices (us$ Billion)9.2.13 Construction Net Output As A Percentage Of Gdp9.2.14 Inflation Rate9.2.15 Current Account Balance As A Percentage Of Gdp9.2.16 Exports As A Percentage Of Gdp9.2.17 Imports As A Percentage Of Gdp9.2.18 Exports Growth9.2.19 Imports Growth9.2.20 External Debt As A Percentage Of Gdp9.3 Tourist Arrivals, Commercial Vehicles Market And Healthcare Expenditure9.3.1 International Tourist Receipts And Arrivals9.3.2 Commercial Vehicle Imports9.3.3 Commercial Vehicle Exports9.3.4 Automotive Component Exports9.3.5 Automotive Component Imports9.3.6 Healthcare Expenditure As A Percentage Of Gdp9.3.7 Healthcare Per Capita Expenditure9.3.8 Total Internet Subscribers9.4 Labor ForceLife Insurance in Croatia, Key Trends and Opportunities to 2017
  5. 5. 9.4.1 Labor Force9.4.2 Unemployment Rate9.5 Demographics9.5.1 Life Expectancy9.5.2 Household Consumption Expenditure9.5.3 Total Population9.5.4 Urban And Rural Population9.5.5 Female Percentage Of Population9.5.6 Male Percentage Of Population9.5.7 Median Age Of The Population9.5.8 Age Distribution Of The Total Population9.5.9 Number Of Households10 Appendix10.1 Methodology10.2 Contact Us10.3 About Timetric10.4 DisclaimerResearchMoz( is the one stop online destination to find and buy market researchreports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with ourhuge collection of market research reports. We provide our services to all sizes of organizations and across allindustry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well aspublishers and will assist you in making an informed decision by giving you unbiased and deep insights onwhich reports will satisfy your needs at the best price.Contact:M/s Sheela,90 State Street,Suite 700,Albany NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free 866-997-4948Email: sales@researchmoz.usWebsite: Insurance in Croatia, Key Trends and Opportunities to 2017