Bosnia

Location:
Southeastern Europe, bordering the Adriatic Sea and Croatia

Climate:
hot summers and cold winters; areas of high elevation have short, cool summers and long, severe winters; mild, rainy winters along coast



Natural hazards:

destructive earthquakes

Currency: convertible mark
1 EUR = 1.95583 Convertible marks - BAM (fixed)

Sources:
Insurance Agency of Republika Srpska (AZORS)
Insurance Supervisory Agency of Federation of Bosnia and Herzegovina (NADOS)
Association of Insurance and Re-insurance Companies in BIH (AZOBiH)
Central Bank of Bosnia and Herzegovina
Association of Insurance in the Federation of Bosnia and Herzegovina

Insurance statistics
(until 1H2011, presented figures are only for FBiH market)

1H2017Market Portfolioxlsx
1H2017Insurance Companies Rankingsxlsx
1Q2017Overall BiH Market Indicators and Rankingsxlsx
1Q2017Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1Q2017RS Market Indicators and Rankingsxlsx
FY2016Overall BiH Market Indicators and Rankingsxlsx
FY2016Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
FY2016RS Market Indicators and Rankingsxlsx
3Q2016Overall BiH Market Indicators and Rankingsxlsx
3Q2016Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
3Q2016RS Market Indicators and Rankingsxlsx
1H2016Overall BiH Market Indicators and Rankingsxlsx
1H2016Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1H2016RS Market Indicators and Rankingsxlsx
1Q2016Overall BiH Market Indicators and Rankingsxlsx
1Q2016Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1Q2016RS Market Indicators and Rankingsxlsx
FY2015Overall BiH Market Indicators and Rankingsxlsx
FY2015Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
FY2015RS Market Indicators and Rankingsxlsx
3Q2015Overall BiH Market Indicators and Rankingsxlsx
3Q2015Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
3Q2015RS Market Indicators and Rankingsxlsx
1H2015Overall BiH Market Indicators and Rankingsxlsx
1H2015Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1H2015RS Market Indicators and Rankingsxlsx
1Q2015Overall BiH Market Indicators and Rankingsxlsx
1Q2015Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1Q2015RS Market Indicators and Rankingsxlsx
FY2014Overall BiH Market Indicators and Rankingsxlsx
FY2014Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
FY2014RS Market Indicators and Rankingsxlsx
3Q2014Overall BiH Market Indicators and Rankingsxlsx
3Q2014Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
3Q2014RS Market Indicators and Rankingsxlsx
1H2014Insurance market overview pdf
1H2014Overall BiH Market Indicators and Rankingsxlsx
1H2014Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1H2014RS Market Indicators and Rankingsxlsx
1Q2014Overall BiH Market Indicators and Rankingsxlsx
1Q2014Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1Q2014RS Market Indicators and Rankingsxlsx
FY2013Insurance market overview pdf
FY2013Overall BiH Market Indicators and Rankingsxlsx
FY2013Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
FY2013RS Market Indicators and Rankingsxlsx
3Q2013Overall BiH Market Indicators and Rankingsxlsx
3Q2013Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
3Q2013RS Market Indicators and Rankingsxlsx
1H2013Insurance market overview pdf
1H2013Overall BiH Market Indicators and Rankingsxlsx
1H2013Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1H2013RS Market Indicators and Rankingsxlsx
1Q2013Overall BiH Market Indicators and Rankingsxlsx
1Q2013Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1Q2013RS Market Indicators and Rankingsxlsx
FY2012Insurance market overview pdf
FY2012Overall BiH Market Indicators and Rankingsxlsx
FY2012Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
FY2012RS Market Indicators and Rankingsxlsx
3Q2012Overall BiH Market Indicators and Rankingsxlsx
3Q2012Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
3Q2012RS Market Indicators and Rankingsxlsx
1H2012Insurance market overview pdf
1H2012Overall BiH Market Indicators and Rankingsxlsx
1H2012Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1H2012RS Market Indicators and Rankingsxlsx
1Q2012Overall BiH Market Indicators and Rankingsxlsx
1Q2012Federation of Bosnia and Herzegovina Market Indicators and rankingsxlsx
1Q2012RS Market Indicators and Rankingsxlsx
FY2011Insurance market overview pdf
FY2011Overall BiH Market Indicators and Rankingsxlsx
FY2011BiH Market Indicators and Rankingsxlsx
FY2011RS Market Indicators and Rankingsxlsx
3Q2011Overall Bosnia and Herzegovina Market Indicatorsxlsx
3Q2011Republika Srpska Market Indicatorsxlsx
3Q2011Federation of Bosnia and Herzegovina Market Indicatorsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
BiH insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009BiH insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010BiH insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankingsxls


1H2017 Market Portfolio

1H2017 Insurance Companies Rankings

See all statistics

BOSNIA's ASA Osiguranje H1 written premiums rise 34%

The gross written premiums of Bosnian insurer ASA Osiguranje surged 34% to 8.5 million marka in the first six months of 2015, the insurer said on Monday. In the first half of the year, ASA Osiguranje saw a 31% increase in written premiums from mandatory insurance and a 40% growth in premiums from voluntary insurance products, the company said in a press release made available to SeeNews.

BOSNIA's Wiener Osiguranje cuts capital by 2.2 mln euro

Bosnia's Wiener Osiguranje, part of the Vienna Insurance Group, said on Wednesday it is cutting its capital by 4.3 million marka to 11.2 million marka to partially cover accumulated losses and to establish legal reserves. 

IMF: BiH's financial system oversight needs further improvement

The IMF Directors commended the improvements in banking and insurance oversight since the 2006 Financial System Stability Assessment (FSSA), but noted that important shortcomings remain, stated a recent IMF press release after the IMF's Executive Board session on June 29th, where the Financial System Stability Assessment of Bosnia and Herzegovina (BiH) was discussed.

STATISTICS: BOSNIA, 1Q2015: RS based insurers maintained the country GWP "in black"

In the first three months of 2015, BiH's insurance market totaled almost EUR 70 million (BAM 136.8 million), 0.4% more y-o-y as a result of an increase of over 5.5% (to EUR 19.8 million) of insurance companies based in the Republic of Srpska (RS), according to the figures published by the two market authorities - Insurance Agency of Republika Srpska (AZORS) and the Insurance Supervisory Agency of Federation of Bosnia and Herzegovina (NADOS). The volume of FBiH insurers' GWP decreased by 1.5% y-o-y, totaling EUR 50.1 million.

VIG pre-tax loss in BOSNIA narrows sharply in 2014

Vienna Insurance Group (VIG) said on Tuesday its pre-tax loss from operations in Bosnia and Herzegovina narrowed to 500,000 euro in 2014 from 5.6 million euro a year earlier. VIG's total gross written premiums in Bosnia rose 5.5% to 11.5 million euro in 2014, with property and casualty insurance accounting for 10.8 million euro, up 3.8% on the year, VIG said in a financial report.

STATISTICS: BiH insurers reported a 6.6% GWP growth-rate and a 24.2% increase in claims in 2014

At the end of 2014, the 24 insurers activating in the two administrative entities that formed Bosnia and Herzegovina (FBiH - Federation of Bosnia and Herzegovina and RS - Republika Srpska) reported gross written premiums of BAM 562 million (EUR 287.4 million), up 6.6% y-o-y, according to the aggregate figures from the two market authorities (NADOS - Insurance Supervisory Agency of FBiH and AZORS - Insurance Agency of RS). At the same time, the aggregate value of paid claims increased by 24.2% to BAM 250 million (EUR 127.6 million).

BiH: JAHORINA Osiguranje rebranded to WIENER VIG

Bosnian insurer JAHORINA Osiguranje (owned by VIG since October 2011) said it has changed its name to WIENER Osiguranje VIENNA Insurance Group to better reflect its ownership, the insurer announced in a press release. "All contracts issued under the name of JAHORINA will remain in force until their expiration", declared Miroslav MISKIC, General Manager of WIENER Osiguranje VIG.