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.

The GWP portfolio consisted of 19.71% - life insurance - the equivalent of EUR 32 million, the remaining 80.29% corresponding to the other 18 non-life insurance sub-classes: 49% - Motor TPL policies (EUR 79 million), 9.44% - motor hull (EUR 15.30 million) or 9.88% to property insurance - the equivalent of EUR 16 million.

The total value of paid claims was down by almost 12% y-o-y to EUR 61.66 million, of which EUR 12 million - life indemnities. On the non-life side, the two motor insurance classes accounted together for almost 77% (EUR 38.2 million) of the non-life insurer's expenses for claims.

As GWP volume, for the whole country, for both business segments, the largest three insurers were FBiH-based companies.

Thus the life segment was lead by UNIQA (25.38% share), followed by MERKUR (21.54%) and the FBiH based subsidiary of GRAWE (18.48%).

On the non-life side, SARAJEVO leads the market ranking, with a 10.82% market share, followed by EUROHERC (10.62%) and BOSNA-SUNCE (10.3%).

The largest RS-based insurers were, in case of life segment - GRAWE Banja Luka (ranked 4th, 11.31% share), while the largest non-life insurer was WIENER VIG - ranked 6th on the whole country non-life ranking (5.56% market share).

Access www.xprimm.com and download the 1H2016 Bosnian insurance market statistics (in EUR and BAM).

BiH insurance market indicators (FBiH and RS insurance markets, summed):
  • Market portfolio - GWP/Claims/Growth rates
  • Rankings - life/non-life (GWP/Claims/Market shares/Growth rates)
FBiH insurance market indicators:
  • Market portfolio (GWP/Claims/Growth rates)
  • Rankings - life/non-life (GWP/Claims/Market shares/Growth rates)
RS insurance market indicators:
  • Market portfolio - GWP/Claims/Growth rates
  • Rankings - life/non-life (GWP/Claims/Market shares/Growth rates)

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

Public insurers appoint Achim Bosch to reinsurer board

The supervisory bodies of Deutsche Ruckversicherung AG and the Association of German Public Insurers decided today, to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.

11.10.2018

TOP EVENT

HOEPKE, Munich Re: I expect at least a stable renewal round in 2019

After severe storm damage in Japan and the United States, Munich Re is looking with a little more optimism to the next renewal season. "I expect at least a stable renewal round in 2019," Board member Doris HOEPKE said in Baden-Baden. Until recently the reinsurer's expectations were leaning towards a stagnant season.

22.10.2018

photodune-3834701-laughing-girl-xs

Five new XPRIMM insurance reports on the Baden Baden stands

Five new titles are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

21.10.2018

See all