Introduction:
Croatia is a parliamentary republic with a population of over 4.3 millions. It became the 28th member of the European Union (EU) in 2013 and thus must abide by the Solvency II norms. Its currency is the Kuna.
There is a large presence of foreign companies which denotes a favorable regulatory environment.
The low penetration rate of life insurance products, (below the EU average) provides an opportunity for growth.
