STATISTICS: Double-digit increase for the BOSNIAN market thanks to the RS-based insurers' results

In 1Q2017 the aggregate GWP of the 27 insurers operating in Bosnia and Herzegovina was up by 11.41% y-o-y, to EUR 83.38 million (BAM 163.07 million), as the figures published by AZOBIH - Insurance Agency of Bosnia and Herzegovina show.

Per business segments, the non-life insurance sector accounted for 79.59% of total GWP (EUR 66.36 million), 11.61% more y-o-y. The life insurers contributed to the remainder rest with EUR 17.02 million or 10.66% more y-o-y.

The 13th FBiH insurers generated about EUR 58.06 million in GWP (69.63% of total), or 9.70% more y-o-y.

The other 14th RS based insurers reported GWP of EUR 25.32 million, up by 15.55% y-o-y.

The largest insurer in the country as GWP was the FBiH-based UNIQA Osiguranje, a unit of Austrian insurance group UNIQA: GWP of EUR 7.72 million, about 9.26% market share.

The largest RS-based insurer was WIENER Osiguranje, a unit of Austrian VIG. The company reported Q1 2017 GWP of EUR 5.29 million and ranked 7th with 6.34% market share.

Access www.xprimm.com and download the 1Q2017 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)
  • Market ranking (GWP/ Claims/ Market shares/ Growth rates)
FBiH insurance market indicators:
  • Market portfolio (in EUR and BAM)
  • Market ranking (GWP/ Claims/ Market shares/ Growth rates)
RS insurance market indicators:
  • 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

Peter CLARKE named VP & COO of FAIRFAX

FAIRFAX Financial Holdings Limited announced that Peter CLARKE has been appointed Vice President (VP) and Chief Operating Officer (COO) of FAIRFAX, reporting to FAIRFAX President, Paul RIVETT.

12.02.2019

ERGO Group appoints a Polish manager

Adam ROMAN, board member of Ergo Hestia (Poland), will hold the position of Head of Global P&C of the ERGO group, effective 1 March. His tasks will include supervision over property insurance of the group in the areas of underwriting, actuarial and pricing, as well as reinsurance.

07.02.2019

TOP EVENT

Inclusive Insurance - a creative solution to narrow the protection gap in the emerging markets of the Southeastern Europe

Insurance should be accessible to all social classes, regardless of their wealth & income status. Products offered today are conventional insurance products, largely inspired from the developed markets as "one-size-fits-all" solutions, affordable to only middle- and high-income clients in the Eastern Europe's emerging & developing markets. Inclusive insurance's goal is making insurance available to all, with responsible insurance offers, thus making up for a solution to narrow the insurance coverage gap in the region.

14.02.2019

Latest trends and challenges in the property and motor insurance lines under scrutiny, in Vienna

Property and motor insurance lines are providing for about 75% of the non-life insurance business in the CEE region, but are responsible for over 77% of the claims expenses. As such, although other classes of risks are emerging, for the time being and most probably for a rather long period ahead, property and motor insurance lines will continue to be at the heart of CEE's insurance market architecture.

14.02.2019

FIAR 2019: Register before 28 February and save EUR 400 of the attendance fee

To the satisfaction of its traditional guests, FIAR returns in 2019 to its historical hometown, Sinaia. The forthcoming edition will benefit from the comfort and professional facilities of a new venue, the Conference Center of the International Hotel ****, located in the heart of the beautiful mountain resort. Registration is opened at a significantly discounted early bird rate until 28 February.

10.01.2019

See all