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UNIQA osiguranje d.d. grows about 4.7 times faster than the market

UNIQA subsidiary in Croatia achieves 32.4% increase in premiums

UNIQA Group Austria has been represented on the Croatian market by UNIQA osiguranje d.d. since 1999. Provisional data show that the company increased premium volumes by 32.4% to HRK 183.6 million (EUR 25 million) in financial year 2008. UNIQA in Croatia therefore grew around 4.7 times faster than the entire insurance market (+6.8%).

Saša Krbavac, CEO UNIQA osiguranje d.d.: "We are extremely happy with progress in 2008 and have significantly strengthened our market position. UNIQA is amongst the companies with the highest premium growth in Croatia. The expansion of our sales network, a whole string of newly introduced products and the cooperation with our partner, Raiffeisenbank, made a significant contribution to our growth. Despite the deterioration of the Croatian insurance market announced for 2009, our goal remains to achieve dynamic double-digit growth well in excess of the market."

UNIQA Croatia achieved its greatest premium growth with an increase of 44.8% to HRK 91.2 million (EUR 12,4 million) in non-life business, with the strongest rise recorded by the segments of motor vehicles (+48%) and accident (+181%). In life insurance, premiums written rose by 22.1% to HRK 92.2 million (EUR 12,6 million). UNIQA Croatia currently has a market share of 3.6% in life insurance. "We therefore not only achieved our original target for the year to increase market share to 3.1% by the end of 2008, but even outperformed it by a wide margin," says Krbavac. Market growth was thus clearly exceeded in both areas (non-life insurance: approx. 8.4% / life insurance: approx. 2.8%).

2. March 2009


UNIQA Group Austria
Press Service

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Fax.: (+43 1) 211 75-3619
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E-Mail: presse@uniqa.at

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