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.

The figures published on AZOBIH website reveal that GWP by insurers from the Federation accounted for EUR 172.9 million (70.5% of total) or 7.7% more y-o-y, while the RS insurance market generated the remaining rest of EUR 72.3 million (up by 8.5% y-o-y).

At the same time, the aggregate figures reveal that the GWP portfolio consisted of about 19.3% - life insurance, the equivalent of EUR 47.5 million, of which EUR 40.4 million - generated by FBiH life insurers and about EUR 7.1 million - by RS life insurers.

From the non-life subclasses, 9.2% of GWP corresponded to the property lines and 59.6% to motor insurance (Motor Hull and MTPL, summed) - the equivalent of EUR 146.2 million.

According to the presented figures, per insurance companies, UNIQA osiguranje is the new market leader, the mentioned insurer reporting the highest GWP volume: EUR 22.1 million (9% market share).

Top 3 was completed by by the former leader - SARAJEVO osiguranje (EUR 21.9 million, 8.9%) and EUROHERC (EUR 21.1 million, 8.6%).

Access www.xprimm.com and download the 3Q2016 Bosnian insurance market statistics (in EUR and BAM).

Aggregate BiH insurance market indicators (FBiH and RS insurance markets, summed):
  • Market portfolio (in EUR and BAM)
  • Life and non-life market rankings (GWP/ Claims/ Market shares/ Growth rates)
FBiH insurance market indicators:
  • Market portfolio (in EUR and BAM)
  • Life and non-life market rankings (GWP/ Claims/ Market shares/ Growth rates)

RS insurance market indicators:
  • Market portfolio (in EUR and BAM)
  • Life and non-life market rankings (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