Wiener osiguranje has achieved a total premium of nearly half a billion kuna this year

Wiener osiguranje Vienna Insurance Group has achieved a total premium of 493.6 million kuna in the first six months of this year, representing a growth of 20 percent compared to the same period last year, and this insurer holds the fourth position in the Croatian insurance market with a share of 9.2 percent, as announced by Wiener osiguranje on Tuesday.

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In May of this year, Erste osiguranje was merged into Wiener osiguranje, thereby securing the fourth position in the Croatian insurance market. This marks a positive shift of one place compared to the end of 2017, according to the statement.

As highlighted, Wiener osiguranje in the life insurance segment recorded a premium growth of 21 percent in the first six months of this year, while the overall life insurance market grew by 8.5 percent.

In non-life insurance, a growth of 20 percent was recorded, while the total non-life insurance market grew by 9.5 percent, as stated in the announcement.

By types of insurance, the largest increase in the first half of this year was recorded in accident insurance (75 percent), liability insurance (41 percent), voluntary health insurance (34 percent), property insurance (25 percent), and marine insurance (20 percent).

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For Wiener osiguranje, the past year was one of the most successful business years since 1999 when it began operations in Croatia, the company emphasizes, noting that growth continues.

Reminding that in May of this year Erste osiguranje was officially merged into Wiener osiguranje, they emphasize that “the merger is part of the strategic goals of Vienna Insurance Group, the leading insurance group in Central and Eastern Europe, whose medium-term goal in Croatia is to achieve a market share of at least 10 percent.”

Croatia is strategically one of the key markets for Vienna Insurance Group where it aims to further strengthen its position, the statement concludes.