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.

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