The insurance industry has promptly responded to the challenges stemming from the coronavirus pandemic and the consequences of the 22 March quake that hit Zagreb and its environs, according to opinions of participants in Thursday's online conference on the insurance industry in Croatia.
During the conference, organised by the Croatian Insurance Bureau (HUO) and its partners, the HUO steering board chairman, Slaven Dobric, said that after the earthquake insurance companies responded promptly and settled more than 6,000 property damage reporting forms, paying over 200 million kuna as compensation for the damage.
Dobric said that 2020 was a demanding year for this industry.
“Regardless of the impact of downward risks on operations, profitability and revenues, we as the industry have addressed those challenges in a stable and rather courageous manner,” he said.
The finance ministry’s state secretary, Zdravko Zrinusic, said that the insurance market was a significant factor and important lever in generating the growth and stability, underscoring the importance of the stability of the financial system for the better credit rating of the country.