STATISTICS:

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.

The insurers from the Federation accounted for EUR 160.5 million (70.6% of total) or 1.6% more y-o-y, while the RS insurance market generated the remaining rest of EUR 66.7 million (up by 11.9% y-o-y).

Analyzing the aggregate figures, the GWP portfolio consisted of about 20% - life insurance, the equivalent of EUR 45.5 million, the remaining 80% corresponding to non-life insurance classes.

From the general insurance classes, 10.7% of premiums corresponded to the property type and 59% to motor insurance (Motor Hull and MTPL, summed) - the equivalent of EUR 126 million.

Per insurance companies, SARAJEVO osiguranje reported the highest GWP volume - EUR 23.5 million (10.3% market share), followed by EUROHERC (EUR 20.8 million, 9.2%) and UNIQA (EUR 19.7 million, 8.7%).

Access www.xprimm.com and download the 3Q2015 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

TOP EVENT

photodune-3834701-laughing-girl-xs

LIVE from Monte Carlo: The 62nd edition of the "Rendez-Vous de Septembre"

The 62nd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.

13.09.2018

Willis Re - Market still soft, but functional

Despite the high losses from 2017 the reinsurance market is still soft, James KENT, Global Chief Executive Officer (CEO) of Willis Re stated at a press briefing in Monte Carlo.

10.09.2018

AIR launches severe thunderstorm model

Catastrophe risk modeling firm AIR Worldwide released a new severe thunderstorm model for Europe. Together with AIR's Extratropical Cyclone Model for Europe and European flood models, this new model now allows for a comprehensive assessment of atmospheric risk in this region.

10.09.2018

See all