STATISTICS: BOSNIA, FY2017: The share of RS insurers exceeds 30%

Last year, the aggregate GWP of the 27 Bosnian insurers increased by 7.77% y-o-y to BAM 683.23 million (EUR 349.33 million), as data from the local insurance agency - AZOBIH show.

The GWP portfolio consisted of about 20.38% - life insurance, the equivalent of EUR 71.20 million, of which EUR 59.33 million - generated by FBiH life insurers and about EUR 11.86 million - by RS life insurers.

From the non-life subclasses, 8.22% of GWP corresponded to the property lines and 58.92% to motor insurance (Motor Hull and MTPL, summed) - the equivalent of EUR 205.83 million.

Overall, the value of GWP of the 13 companies operating in the Federation of Bosnia and Herzegovina increased by 6.45% to EUR 243.04 million. At the same time, in Republika Srpska, the 14 insurance companies generated about EUR 106.29 million, up by 10.94% y-o-y.

According to the presented figures, FBiH based UNIQA osiguranje was the largest insurer in the country, the mentioned company reporting the highest GWP volume: EUR 29.63 million (8.48% market share). Top 3 was completed by other FBiH insurers - the former leader - EUROHERC osiguranje (EUR 28.77 million) and SARAJEVO osiguranje (EUR 28.04 million). The largest RS insurer was WIENER Osiguranje (ranked 8th), a unit of Austrian VIG: GWP of EUR 17.99 million, market share of 5.15%.

Access www.xprimm.com and download the FY2017 Bosnian insurance market statistics (in EUR and BAM).

  • Market portfolio (in EUR and BAM)
  • Market ranking (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

Bulgaria: Boiko ATANASSOV appointed as FSC's head

The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.

21.03.2019

TOP EVENT

Climate and cyber: two Cs with catastrophic potential and the insurance business - under debate in Vienna, on April 9

10 years after its inception, the Romanian mandatory dwelling insurance system has progressed and PAID, the pool underwriting and managing the mandatory policies is a strong and financially sound institution. "We are currently managing a reinsurance program worth EUR 920 million, with a pool of excellent reinsurers, more than half of them rated AA+, while the company's solvency rate is of 220%," recently stated Nicoleta RADU, CEO, PAID.

21.03.2019

Conclusions: TBILISI - the first Georgian International Insurance Conference

The first Georgian International Insurance Conference took place on 14 March 2019. The event put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system was the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.

14.03.2019

See all