Bosnia and Herzegovina


Location map
author: OCHA/ ReliefWeb

- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Croatia, Serbia, Montenegro.

- hot summers and cold winters;
- areas of high elevation have short, cool summers and long, severe winters;
- mild, rainy winters along coast.

Natural hazards:

- destructive earthquakes.

Macro indicators
* 2018 estimates
Pop. density*:68.5people/km2
GDP*:16.8EUR billion

European Union:
Potential candidate

Currency: Convertible mark
Code: BAM
Since: 1998

Exchange rates:


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Bosnia 1H2020 Market Portfolio

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Bosnia 1H2020 Insurance Companies Rankings

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Latest news

BiH, 3Q2012: stable growth, in line with the first half of the year

Despite the financial crisis, Bosnia and Hergovina's insurance market remained on the growth track followed in the previous period, increasing by 2.87% y-o-y. The 25 insurers resident in BiH made in 3Q2012 a total GWP amount of EUR 195.17 million, out of which 83.84% relates to non-life insurance. Non-life insurance recorded 2% growth rate, to EUR 163.63 million, while life insurance lines grew by 7.59%, up to EUR 31.53 million. Premiums in the Federation of Bosnia and Herzegovina (FBiH) increased by 1.86%, compared to a 5.69% increase in the Republic of Srpska (RS).

BOSNIA: BOBAR Osiguranje cuts share capital

Bosnian insurer BOBAR Osiguranje has cut its core capital by BAM 1.56 million (USD 1.03 million / EUR 797.615), or by 15,581 shares, to BAM 13.4 million, the Banja Luka bourse said on Monday.

BiH: property insurance loses ground, following the 17% drop in fire insurance GWP

The Bosnian insurance market recorded an overall steady evolution in 1H2012, as compared to 1H2011. Yet, if the total GWP showed only a less than 1pp change, to EUR 127.27 million by the end of June 2012, from the EUR 126.11 million figure of 2011, a closer look reveals a different situation when considering the figures for each business line. Thus, while life insurance recorded a positive change of over 7%, on the non-life insurance lines the results were less encouraging.

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).

BOSNIA: Bobar Osiguranje To Cut Capital by 12.4%

Bosnian insurance company Bobar Osiguranje said on Thursday it decided to decrease its capital by 12.4% to cover losses. Bobar Osiguranje's share capital will be cut to 13.073 million marka ($8.5 million/6.8 million euro) from 14.919 million marka, the company said in a filing with the Banja Luka Stock Exchange.

BOSNIA: UNIQA's 2011 profit in rises 15.7%

"Austrian insurance group UNIQA said its profit from ordinary activities in Bosnia and Herzegovina rose to 309,000 ($408,790) in 2011 from 267,000 a year ago.

BiH: A step closer to the EU insurance legislation compliance but further efforts still needed

"BiH is still far from achieving significant results in terms of approximation with EU standards which call for effective and uniform enforcement of single and more sophisticated rules on the entire European market for the benefit of the consumers and ensuring higher level of financial stability. Bosnia and Herzegovina and its insurance sector will also need to address these challenges", said Renzo DAVIDDI, Deputy Head of the EU Delegation to BiH on the occasion of the closing ceremony of the project "EU Support for Sustainable Capacity Building of the Insurance Agency of BiH and the FBiH and RS Insurance Supervisory Agencies", held on the 18th April 2012, in the premises of the Parliamentary Assembly of Bosnia and Herzegovina in Sarajevo.

BiH, FY2011: Life insurance gain momentum in "Austrian" style

The Bosnian insurance market finished 2011 with a positive GWP growth rate, of 3.4%, up to EUR 249.5 million. Insurers domiciled in Srpska Republic (RS) managed to place an aggregated growth rate of 7.12%, up to EUR 67.15 million GWP, while their peers registered in Federation of Bosnia & Herzegovina reported a 2.1% positive change of the written premium volume, to EUR 182.4 million. Consequently, RS insurers' weight in the overall Bosnian insurance market grew by about 1 percentage point, to almost 27%.

BiH: UNIQA grew more than five times faster than the market

UNIQA Osiguranje succeeded in increasing its premium volume in Bosnia and Herzegovina during the first nine months of 2011 to EUR 15.2 million (BAM 29.7 million), said by the end of December the insurance group. With a growth of 14%, this means they outdid the market's development (+2.5%) by more than five times. This puts UNIQA in fourth place among 25 insurers in Bosnia and Herzegovina.

BOSNIA: RS Insurance Agency launches more stringent penalty policy

The Insurance Agency of Republika Srpska has prohibited the issue of new policies for automobile liability insurance by insurer BSO (Bosna Sunce osiguranje) in the territory of smaller entity of BH in the next 60 days due to frequent violations of the premium system.

BiH: Positive dynamics in 3Q 2011

The total value of gross written premiums of insurance companies active in the two administrative entities that make up Bosnia and Herzegovina (Federation of Bosnia and Herzegovina and Republika Srpska) stood, in the first nine months of this year, to EUR 190 million, up by 3.8% compared to January-Sptember 2010.