BOSNIA, 1Q2012: FBiH in black, RS in red

The total premium in January-March 2012 in Bosnia & Herzegovina amounted to EUR 59.7 million, which is 0.34% less than in 1Q2011. In the structure of the total premium, the share of the companies with registered office in FBiH amounted to 75.59%, while the RS-based companies accounted for 24.41%, showed the cumulated financial figures published by Insurance Supervisory Agency of Federation of Bosnia and Herzegovina (NADOS) and Insurance Agency of Republika Srpska (AZORS).

Of the total GWP, the life insurance segment accounts for EUR 10.2 million, while the remaining EUR 49.6 million account for non-life insurance. In terms of dynamics, non-life insurance recorded an 1.6% y-o-y decrease in 1Q2012, while life insurance showed a 6.6% growth.

Analyzing the BiH insurance market on territorial entities, the total premium in 1Q2012 in FBiH amounted to EUR 45.2 million, which represents a growth of 0.58%. Non-life insurance registered a decrease of 0.7%, while life insurance sector grew by 6.1%. SARAJEVO still leads the FBiH insurance market (18% market share), followed by BOSNA-SUNCE (about 12.2%) and UNIQA (11.7%).

On the other hand, the total premium in RS amounted to EUR 14.6 million, which is 3% less compared to 1Q2011 figures. Non-life insurance decreased by 4% and life insurance increased by 10.2%. In RS, JAHORINA leads the market with EUR 2.76 million in premiums and an 18.9% market share, followed by DUNAV with 13.3% and BOBAR with 10.9%.

Access www.xprimm.com and download the 1Q2012 Bosnia and Herzegovina insurance market statistics.

BiH insurance market indicators (FBiH and RS insurance markets, added-up):
  • Market portfolio (in EUR and BAM)
  • Life and non-life insurance market rankings (GWP/ Market shares/Growth rates)
FBiH insurance market indicators:
  • Market portfolio (in EUR and BAM)
  • Life and non-life insurance market rankings (GWP/ Market shares/Growth rates)
RS insurance market indicators:
  • Market portfolio (in EUR and BAM)
  • Life and non-life insurance market rankings (GWP/ Market shares/Growth rates)

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

MetLife named its EMEA head as CEO of Japan unit

MetLife announced that Eric CLURFAIN, currently Executive Vice President and Head of EMEA, has been named Chairman, President and CEO of MetLife Japan - the company's second largest market globally and its largest retail life insurance business, effective Feb. 1, 2019, following approvals.

06.12.2018

American International Group appoints new CFO

American International Group announced that it has appointed Mark LYONS to the role of Executive Vice President & Chief Financial Officer (CFO). He succeeds Sid SANKARAN, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year 2018.

06.12.2018

Wolfgang STOCKMEYER appointed as VIG's BTA Baltic new Board Chairman

Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.

05.12.2018

TOP EVENT

Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.

06.11.2018

IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.

05.11.2018

See all