STATISTICS: BiH, 3Q2017: Three insurers with close results. Who will be the market leader at the end of 2017?

The 27 Bosnian insurers reported aggregate 3Q2017 GWP of BAM 518.2 million (~EUR 265 million), up by 8.1% y-o-y, according to the most recent market figures published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.

The non-life sector's contribution was of about 80.3% of total GWP - EUR 212.8 million, up by 7.6% y-o-y, while the life-insurance companies contributed the remainder, which was 9.9% higher than in the first nine months of 2016.

Of total GWP, the 13 FBiH-based insurers (one of Bosnia's two autonomous entities) reported GWP of EUR 184 million, up by 6.4% y-o-y, of which EUR 140 million was accounted for by the non-life subclasses. The insurance market of Srpska Republic (Bosnia's other entity) totaled EUR 81 million, or 12% more y-o-y.

According to the AZOBiH figures, the battle for the market ranking at the top level remained opened for the year-end, at the end of September 2017, the first three insurers being placed at a very small distance in terms of GWP.

Thus, the Federation-based SARAJEVO osiguranje was the largest insurer in the country with GWP of EUR 21.77 million, followed by other two FBiH insurers: EUROHERC osiguranje (EUR 21.74 million) and UNIQA osiguranje (EUR 21.73 million).

WIENER Osiguranje, a unit of the Austrian Vienna Insurance Group, ranked eight being the largest RS-based insurer with GWP of EUR 14.44 million

Access and download the 3Q2017 Bosnia-Herzegovina insurance market statistics.

Related articles

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.


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.


STATISTICS: Bosnian insurance market remained on track during 1Q

According to the 1Q 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 totalled almost EUR 75 million, at the end of March 2016, representing an increase of 7% y-o-y.



AON UK Ltd appoints new Chief Risk Officer

AON UK Ltd has confirmed the appointment of Matt KIMBER as Chief Risk Officer (CRO). Matt KIMBER has joined AON from JARDINE LLOYD THOMPSON Group (JLT), replacing John NICHOLSON who has been interim CRO for the last 11 months.


New Head of Investor Relations at AEGON

Jan Willem WEIDEMA has been appointed as the new Head of Investor Relations at AEGON. He succeeds Willem van den BERG who has led the Investor Relations team over the past 7 years.



"Insurance and Pensions reloaded" - the 7th EIOPA Annual Conference

The 7th EIOPA Annual Conference takes place today in Frankfurt am Main, Germany. A review of the current supervisory covergence issues and of the prospects of the Pan European Personal Pension Product are on the event's agenda, together with analyzing the ways in which regulation may enable innovation.



"IIF2017 - Insurance in the DIGITAL World" Conference took place in Vienna

"IIF2017 - Insurance in the DIGITAL World" conference brought together in Vienna well-known insurance professionals from all over the world who analyzed the latest digital trends in the industry, taking into account the fast digitalization of the financial services providers' world, in particular in the insurance field, which is creating both huge opportunities and strong challenges for the players.



Croatian Insurance Days Live

On 9 November has started in Opatija, Croatia, the 2017 edition of the Croatian Insurance Days Conference, the traditional meeting of the Croatian insurance top professionals with their European peers. XPRIMM Publications are supporting the event as Media Partners.



The 2017 Baden Baden Meeting: Short recap

The Baden-Baden meeting, one of the key events in the reinsurance calendar, has just set the final point of this year's edition. XPRIMM Publications have reported from the meeting's premises. Let's recap!


Baden Baden Headlines 3: CEE insurance markets are attractive for reinsurers

Central and Eastern Europe insurance markets are an important source of business for Lloyds, total premium income from this region increasing by EUR 64 million since 2010, pointed out the Lloyd's representative in a seminar dedicated to CEE insurance markets: "We are seeing strong growth from Czech Rep, Poland, Slovakia and Ukraine. At the same time are some contractions from Russia, Bulgaria, Romania and Hungary due to challenging trading conditions as political implications and other sanctions".


See all