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)
- Market portfolio (in EUR and BAM)
- Life and non-life insurance market rankings (GWP/ Market shares/Growth rates)
- Market portfolio (in EUR and BAM)
- Life and non-life insurance market rankings (GWP/ Market shares/Growth rates)
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