Croatia - Insurance

The Insurance Companies Supervision Directorate grants approvals for insurance companies' operations and supervises the operations of insurance companies doing business in Croatia. Insurance companies may be established by domestic or foreign entities and may be formed as a joint-stock, mutual, private, or public company. Pension funds (divided between employees, self-employed and independent farmers) controlled substantial financial assets in Croatia as of 1997. In 2001, there was $111 million in life insurance premiums written.

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