Bosnia and Herzegovina

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Location map
author: OCHA/ ReliefWeb


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

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.

Macro indicators
* 2018 estimates
Surface:51,129km2
Population*:3.5million
Pop. density*:68.5people/km2
GDP*:16.8EUR billion
GDP/capita*:4,807.4EUR

European Union:
Potential candidate

Currency: Convertible mark
Code: BAM
Since: 1998

Exchange rates:
 


Statistics

Bosnia FY2019 Insurance Companies Rankings

Bosnia FY2019 Market Portfolio


See all statistics

Latest news

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.


BOSNIA: Foreign investors eye stake in Krajina Osiguranje

The Insurance Agency of Bosnia's Serb Republic said on Thursday that Naveen Aggarwal, the director of the Belgrade-based S&A Capital Investments, and another Indian national have submitted a request to acquire a stake in currently majority state-owned insurer Krajina Osiguranje.

Regulator confirms BOSNIA's Standard Group eyeing Bobar Osiguranje

The Insurance Agency of Bosnia's Serb Republic confirmed on Monday that Bijeljina-based company Standard Group is seeking a nod to become a majority shareholder in local insurer Bobar Osiguranje. A spokesperson for the Agency told SeeNews in an email that the request submitted by Standard Group is currently being processed.

BOSNIA's Standard Group to recapitalise Bobar Osiguranje

Bijeljina-based Standard Group is interested in recapitalising Bosnian insurer Bobar Osiguranje with some 4 million marka (2.04 million euro), becoming a 76% shareholder in the company, local media reported.

BOSNIA's Dunav Osiguranje plans capital hike of 1.7 mln euro

Bosnian insurance company Dunav Osiguranje said on Monday it plans to hike capital by 3.3 million marka (1.7 million euro) through a new share issue in a placement to a qualified investor. Dunav Osiguranje plans to issue 33,149 ordinary shares with a par value of 100 marka each, the company said in a filing with the Banja Luka Stock Exchange.

STATISTICS: BOSNIA, 1H2015: Srpska based insurers increased their weight in the market

The 24 insurers operating in the two administrative entities of Bosnia and Herzegovina (FBiH - Federation of Bosnia and Herzegovina and RS - Republika Srpska) reported GWP of BAM 293.8 million (EUR 150.23 million), up 3.7% y-o-y, according to the aggregate figures provided by the two market authorities (NADOS - Insurance Supervisory Agency of FBiH and AZORS - Insurance Agency of RS).

BOSNIA's Bobar Osiguranje, eyed by Maltese co, extends share sale offer

Bosnian insurer Bobar Osiguranje said on Tuesday it has extended until October 29 the validity of a public offer for the sale of 70,000 new ordinary shares via the Banja Luka Stock Exchange. Bobar Osiguranje said in a bourse filing that Maltese company Argentarius ETI Management LTD has expressed interest in purchasing over 50% of company's capital and added that it has decided to extend the deadline for the share issue by a period of 30 days so that the foreign investor can meet the relevant legal and company procedures for the acquisition.

BOSNIA: Sarajevo Osiguranje H1 net profit drops 32%

The net profit of Bosnian insurer Sarajevo Osiguranje dropped 32.2% to 105,000 marka in the first half of 2015, the company said on Wednesday. Sarajevo Osiguranje's gross written premiums fell 11.8% to 31.8 million marka through June, while its net operating costs decreased to 9.5 million marka from 11.4 million marka, the insurance company said in a filing with the Sarajevo Stock Exchange.

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.


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