Bosnia and Herzegovina

Flag



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 1H2019 Market Portfolio

Bosnia 1H2019 Insurance Companies Rankings


See all statistics

Latest news

TURKEY's ZIRAAT Bank approves EUR 50 million loan to BOSNIA, to expand operations

Turkey's state-controlled Ziraat Bank provided a 50 million euro (USD 65 million) loan to Bosnia and announced plans for its local unit to enter the country's insurance and leasing market, Bosnian media said on Monday.
Turkey's Ziraat Bank oks 50 mln euro loan to Bosnia, to expand operations - See more at: http://wire.seenews.com/news/turkey-s-ziraat-bank-oks-50-mln-euro-loan-to-bosnia-to-expand-operations-media-440695#sthash.wJcpIYqo.dpuf


BiH, 1Q2014: Life segment pushed the market up by 12.5%

According to the 1Q2014 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 totaled at the end of March 2014 almost EUR 70 million, or 12.5% more y-o-y.


VIG Posts Flattish Pre-Tax Profit in BOSNIA

The Vienna Insurance Group (VIG) said on Tuesday pretax profit from its operations in Bosnia and Herzegovina totaled 100,000 euro in the first quarter of 2014, unchanged from a year earlier.

BOSNIA: "complete flow of goods will be decreased by nearly 30 percent"

The worst thing that happened to us during these floods is that the people who have lost their homes loved ones, lost their jobs as well. Through their personal earnings, they will not be able to repair the material damage, said the Bosnia Herzegovina Chairman of Foreign trade Chamber, Ahmet Egrlic.

BiH market up 4.4% in 2013 due the double-digit increase in life

At the end of 2013 the total value of gross written premiums by insurance companies active in the two administrative entities that formed Bosnia and Herzegovina (FBiH - Federation of Bosnia and Herzegovina and RS - Republika Srpska) increased 4.4% y-o-y to EUR 270 million. The upward trend was due the double-digit increasing performance in the life insurance segment, while the value of GWP in the non-life insurance segment was up by 2% y-o-y and accounted for 81% of the overall market.

BOSNIA, 3Q2013: Premiums up by 3.5% y-o-y

At the end of September 2013, the total value of gross written premiums by insurance companies active in the two administrative entities that formed Bosnia and Herzegovina (FBiH - Federation of Bosnia and Herzegovina and RS - Republika Srpska) increased to EUR 202 million, up by 3.5% y-o-y.


BiH 1H2013: 4.2% market growth fostered by the life business

The Bosnian insurance market went up by 4.23%, to almost EUR 132.65 million, in the first half of 2013, primarily as a result of an increase of over 6.36% recorded by its smaller segment, namely the insurers domiciled in the Republika Srpska (RS), according to data published by the Insurance Agency in the Republika Srpska (AZORS). At the same time, the GWP volume reported by the FBiH insurers increased slightly by 3.5% y-o-y, the Insurance Supervisory Agency of the Federation of Bosnia and Herzegovina (NADOS) reported. In absolute terms, it is worth mentioning that half of the additional non-life premium production recorded by the entire Bosnian market in 1H2013 was provided by the RS market, while in the structure of the total premiums, the share of the 12 companies domiciled in FBiH amounted to 74.2% (EUR 98.41 million), while the 11 RS-based companies accounted for the remaining 25.8% (EUR 34.25 million).

BiH, 1Q2013: RS based insurers pushed up the market figures

BiH's insurance market went up 3.6% to almost EUR 62 million in the first three months of 2013, primarily as a result of an increase of over 7% of insurance companies based in the Republic of Srpska (RS), the Insurance Agency of Republika Srpska (AZORS) informed. At the same time, the volume of GWP of FBiH insurers increased slightly by 2.4% y-o-y, the Insurance Supervisory Agency of Federation of Bosnia and Herzegovina (NADOS) reported. In the structure of the total premium, the share of the 12 companies domiciled in FBiH amounted to 74.7% (EUR 46 million), while the 11 RS - based companies accounted for 25.3% (almost EUR 16 million).

Unaffected by recession, the Bosnian market increased 3.5% y-o-y

In FY 2012, the total GWP of BiH insurers totaled EUR 258 million, which is 3.5% more than in FY2011. By insurance classes, "on the life segment, the premiums growth was of about 8%, while on the general insurance segment it was of nearly 2.7%," pointed out Samir OMERHODZIC, Director, Insurance Agency of Bosnia and Herzegovina (AZOBIH) at the International Insurance Forum 2013. "Analyzing the figures, we can conclude that the upward trend continued. In Bosnia, the insurance industry has not felt the impact of the recession," underlined Mr. OMERHODZIC.


BiH, 3Q2012: stable growth, in line with the first half of the year

Despite the financial crisis, Bosnia and Hergovina's insurance market remained on the growth track followed in the previous period, increasing by 2.87% y-o-y. The 25 insurers resident in BiH made in 3Q2012 a total GWP amount of EUR 195.17 million, out of which 83.84% relates to non-life insurance. Non-life insurance recorded 2% growth rate, to EUR 163.63 million, while life insurance lines grew by 7.59%, up to EUR 31.53 million. Premiums in the Federation of Bosnia and Herzegovina (FBiH) increased by 1.86%, compared to a 5.69% increase in the Republic of Srpska (RS).

BOSNIA: BOBAR Osiguranje cuts share capital

Bosnian insurer BOBAR Osiguranje has cut its core capital by BAM 1.56 million (USD 1.03 million / EUR 797.615), or by 15,581 shares, to BAM 13.4 million, the Banja Luka bourse said on Monday.


BiH: property insurance loses ground, following the 17% drop in fire insurance GWP

The Bosnian insurance market recorded an overall steady evolution in 1H2012, as compared to 1H2011. Yet, if the total GWP showed only a less than 1pp change, to EUR 127.27 million by the end of June 2012, from the EUR 126.11 million figure of 2011, a closer look reveals a different situation when considering the figures for each business line. Thus, while life insurance recorded a positive change of over 7%, on the non-life insurance lines the results were less encouraging.



BOSNIA, 1Q2012: FBiH in black, RS in red

The total premium in January-March 2012 in Bosnia & Herzegovina amounted to EUR 59.7 million, which is 0.34% less than in 1Q2011. In the structure of the total premium, the share of the companies with registered office in FBiH amounted to 75.59%, while the RS-based companies accounted for 24.41%, showed the cumulated financial figures published by Insurance Supervisory Agency of Federation of Bosnia and Herzegovina (NADOS) and Insurance Agency of Republika Srpska (AZORS).


-->