Bosnia and Herzegovina


Location map
author: OCHA/ ReliefWeb

- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Croatia, Serbia, Montenegro.

- 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.

Macro indicators
* 2018 estimates
Pop. density*:68.5people/km2
GDP*:16.8EUR billion

European Union:
Potential candidate

Currency: Convertible mark
Code: BAM
Since: 1998

Exchange rates:


Bosnia 1H2019 Market Portfolio

Bosnia 1H2019 Insurance Companies Rankings

See all statistics

Latest news

STATISTICS: BOSNIA, 3Q: 8% y-o-y increase in GWP and a new market leader

Based on the figures released by AZOBIH - Insurance Agency of Bosnia and Herzegovina, at the end of September 2016 the aggregate value of GWP by the 27 insurers active in Republika Srpska and Federation of Bosnia and Herzegovina - the two administrative entities of the country, was of EUR 245.2 million, or 7.9% more y-o-y, while the value of claims paid was down by 5.2% y-o-y, to EUR 90.9 million.

STATISTICS: BOSNIA, 1H2016: Motor lines generate about 80% of the non-life insurer's expenses for claims

The aggregate GWP value generated by the Bosnian insurers was up by 7.86% y-o-y to BAM 316.90 million (EUR 162.03 million) in the first half of 2016, according to the figures provided by the two market authorities (NADOS - Insurance Supervisory Agency of FBiH and AZORS - Insurance Agency of RS). About 71% of total GWP were made by the 12 insurance companies which are registered in the FBiH (or EUR 115 million) the remaining 29% (EUR 47 million) being reported by the 13 RS insurers.

STATISTICS: Bosnian insurance market remained on track during 1Q

According to the 1Q financial figures published by the two market authorities which supervise the Bosnian insurance market (Insurance Supervisory Agency of Federation of Bosnia and Herzegovina - NADOS, and Insurance Agency of Republika Srpska - AZORS) - the local insurance industry totalled almost EUR 75 million, at the end of March 2016, representing an increase of 7% y-o-y.

BOSNIA:Nearly million registered vehicles in Bosnia and Herzegovina's roads

Total number of road motor vehicles registered in Bosnia and Herzegovina last year amounts to 952.590. Of the total number of registered vehicles in 2015, 87 percent are passenger vehicles, eight percent are freight vehicles, three percent are trailers, while the remaining two percent are other categories of vehicles.

BOSNIA: Sarajevo osiguranje to be sold?

The privatization plan of FBiH in this year includes the following economy societies: Energopetrol JSC Sarajevo, Energoinvest JSC Sarajevo, Aluminij JSC Mostar, Tobacco Factory Sarajevo JSC Sarajevo, and the Sarajevo osiguranje JSC Sarajevo, it was stated from the Cabinet of the Prime Minister of FBiH Fadil Novalic.

STATISTICS: BiH, FY2015: steady growth fueled by the MTPL line

The Bosnian insurance market saw a 4.7% y-o-y growth, to GWP of EUR 301 million, while paid claims remained fairly stable at the previous year's level, of EUR 128 million. It is however interesting to observe that the strongest contribution to the market growth belonged to insurers from smallest administrative entity of the country, the Republica Srpska. Thus, RS's share in the overall premium production increased by about 1.5 pp, to 29%.

BOSNIA's Standard Group backs off from Bobar Osiguranje takeover

Bosnia's Standard Group has decided not to go through with the acquisition of a majority interest in local insurer Bobar Osiguranje, local media reported on Thursday. Standard Group has abandoned earlier plans to recapitalise Bobar Osiguranje with 3.8 million marka (1.9 million euro), news portal reported.

BOSNIA: Bosnia's Bobar Osiguranje to offer 38,000 shares on bourse

Bosnian insurer Bobar Osiguranje said on Friday it will launch a public offering on December 14 to sell 38,000 ordinary shares via the Banja Luka Stock Exchange. The par value of one share is set at 100 marka, the insurer said in a bourse filing.

STATISTICS: BOSNIA, 3Q: Double-digit increase of RS based insurers pushed up the aggregate market figures

Based on the figures released by the insurance agencies in the Federation of Bosnia and Herzegovina (FBiH) and the Srpska Republic (RS), in 3Q2015 the aggregate value of GWP by the 24 insurers active in the two administrative entities that formed the country was EUR 227.2 million, or 4.4% more y-o-y. Overall, the value of claims paid increased by almost 5% y-o-y to EUR 96 million.

BOSNIA's Bobar Osiguranje to borrow 2.6 mln euro from local bank

Bosnian insurance company Bobar Osiguranje said on Monday it will borrow 5 million marka (2.6 million euro) from the local Bor Banka. The company's shareholders approved the loan on November 9, the insurer said in a filing with the Banja Luka Stock Exchange.

BOSNIAN insurer Bobar Osiguranje cuts capital by 6.1 mln euro

Bosnian insurance company Bobar Osiguranje said its shareholders have approved cutting its capital by 11.95 million marka (6.1 million euro) to 1.3 million marka through the cancellation of shares while also backing the issue of new shares with the aim to cover losses and for legal reserve purposes.

BOSNIAN insurer ASA Osiguranje 9-mo net profit rises

The net profit of Bosnian insurer ASA Osiguranje surged to 131,000 marka (67,100 euro) in the first nine months of 2015 from 11,400 marka a year earlier, the company said on Monday in a bourse filing.