Bosnia and Herzegovina
Bosnia and Herzegovina: the insurance market rises by 3.6% y-o-y in January-February
The insurance companies operating in Bosnia’s Federation generated total GWP of BAM 122.4 million (EUR 62.6 million) in January-February 2025, up 3.6% y-o-y, SeeNews writes with reference to the Insurance supervision agency.
17 March 2025Bosnia and Herzegovina: net profit of Grawe Osiguranje Sarajevo in 2024 rises 74%
Bosnia's Federation-based insurer Grawe Osiguranje Sarajevo, a member of Austrian insurance group Grawe, in 2024 increased its net profit by 74% to BAM 6.1 million (EUR 3.1 million), SeeNews wrote.
3 March 2025Bosnia and Herzegovina: Sarajevo Insurance taken over by a new majority owner
The Government of the Federation of Bosnia and Herzegovina has lost control over the management of Sarajevo Insurance. The control has been taken over by other shareholders led by the Hrvić family from Tešanj, owners of AS Holding, osiguranje.hr writes.
19 February 2025STATISTICS: Bosnia market expanded by over 10% during 2024 to EUR 555 million
At the end of 2024, the BiH insurance market totaled EUR 555 million (BAM 1.1 billion), up by 10.3% y-o-y, as the local insurance agency – AZOBIH informed. At the same time, the value of claims paid by insurers expanded by 9.4% y-o-y to EUR 240 million.
19 February 2025STATISTICS: BiH, 3Q2024: market growth driven by the non-life segment
The insurance market of Bosnia and Herzegovina ended Q3 2024 with aggregate GWP worth BAM 824.33 million (~EUR 421.47 million), up by 10.75% y-o-y, market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.
13 February 2025Bosnia and Herzegovina: GWP in Bosnia’s Serb Republic in Jan-Nov 2024 rise 11.4%
From January to November 2024 GWP of insurance companies in Bosnia’s Serb Republic totaled KM 326.4 million (EUR 166.9 million), up 11.4% y-o-y, according to the Serb Republic’s insurance regulator, SeeNews wrote.
8 January 2025Bosnia and Herzegovina: in January-November the insurance market rises 9.7%
Total GWP of insurance companies operating in Bosnia and Herzegovina’s Federation increased by 9.7% y-o-y to BAM 672.4 million (EUR 343.8 million) in January-November of 2024, SeeNews writes with reference to official data.
17 December 2024Bosnia and Herzegovina: ASA Central osiguranje records profit growth in 9M2024
ASA Central osiguranje recorded a net profit of 4,454,816 KM in 9M2024, which is 14% more y-o-y, osiguranje.hr writes with reference to the report published on the website of Sarajevo Stock Exchange.
25 November 2024STATISTICS: BiH 1H2024: ASA Central osiguranje, Adriatic osiguranje and Euroherc osiguranje ARE THE Top 3 insurers
At the end of June 2024, the BiH insurance market totaled EUR 279 million, up by 11.6% y-o-y, as the local insurance agency – AZOBIH informed. At the same time, the value of claims paid by insurers increased by 7.74% y-o-y to EUR 110.16 million.
20 November 2024Bosnia and Herzegovina: The net profit of insurance companies in Srpska last year exceeded 30 million KM
The net profit of insurance companies in the Republika Srpska last year amounted to 30,369,942 KM, according to the report of the Insurance Agency of Srpska, osiguranje.hr writes.
28 October 2024Bosnia and Herzegovina: DORS 2024: the results of the domestic insurance sector are getting better every year
Srđan Amidžić, Minister of Finance and Treasury of Bosnia and Herzegovina, speaking at the third "Days of Insurance of the Republic Srpska" (DORS) conference noted that the insurance market participants aren’t satisfied with the current situation in the sector.
28 October 2024Bosnia and Herzegovina: DORS 2024 to focus on challenges and innovations in the insurance industry
On October 22 and 23, Banja Luka will host the third "Days of Insurance of the Republic Srpska" (DORS) conference, which is a central event for experts in the field of insurance, as well as all those who want to follow the latest trends and innovations in this industry, osiguranje.hr said.
16 October 2024Bosnia and Herzegovina: "Days of Insurance in BiH 2024" conference held on September 26 and 27
The fourth "Days of Insurance in Bosnia and Herzegovina" conference, organized by the Association of Insurance Companies in the Federation of Bosnia and Herzegovina, was held on September 26 and 27 at Hotel Hills in Ilidza.
1 October 2024Bosnian insurers in Republika Srpska ask for a 1.5% increase in the MTPL prices
On 5 September, the Executive Board of the Association of Insurance Companies of the Republika Srpska (RS) has requested the RS’s Insurance Agency to increase MTPL insurance premiums by 1.5%, to secure funding for the Protection Fund's central electronic records system.
18 September 2024Bosnia and Herzegovina: The Agency for Insurance Supervision of the Federation of Bosnia and Herzegovina accepted as a member of the IAIS
The Agency for Insurance Supervision of the Federation of Bosnia and Herzegovina was accepted as a member of the International Association of Insurance Supervisors (IAIS), which is a voluntary membership organization of insurance supervisors and regulators from more than 200 jurisdictions, constituting 97% of the world’s insurance premiums.
15 August 2024Bosnia and Herzegovina: a phased approach is necessary for liberalization of the motor liability insurance market
Liberalization of the motor liability insurance market was discussed at the international conference "Current Issues of Civil and Commercial Legislation and Legal Practice" organized by the Faculty of Law of the University of Mostar on June 27 and 28, 2024, the Agency for Insurance Supervision of the Federation of Bosnia and Herzegovina said.
2 July 2024STATISTICS: Bosnia Q1 market expanded to over EUR 130 million
At the end of March 2024, the BiH insurance market totaled EUR 132.7 million (BAM 259.44), up by 13.12% y-o-y, as the local insurance agency – AZOBIH informed. At the same time, the value of claims paid by insurers expanded by 9.78% y-o-y to EUR 54.49 million.
20 June 2024Bosnia and Herzegovina: Save the date: The "Days of Insurance in BiH 2024" conference will be held in September
The "Days of Insurance in BiH 2024" conference will be held from September 25 to 27, 2024 in Sarajevo and will be organized by the Association of Insurance Companies in the Federation of Bosnia and Herzegovina.
30 May 2024Bosnia and Herzegovina: Dudo: Bosnia and Herzegovina is seeing growth in non-compulsory insurance
Last year, the insurance market in Bosnia and Herzegovina made a slight but very significant step towards development of non-compulsory insurance.
23 April 2024Bosnia and Herzegovina: In the first two months of the year the Federation insurance market goes up almost 15%
Total GWP of insurance companies operating in the Federation of Bosnia and Herzegovina increased 14.8% y-o-y reaching BAM 118.2 million (EUR 60.4 million) in January-February 2024, SeeNews reports referring to official data.
19 March 2024
