The Insurance Supervision Agency of the Federation of BiH approved the increase of charter capital to all insurance companies operating in the territory of the Federation of Bosnia and Herzegovina, the agency informed.

The charter capital of insurance companies has increased by BAM 44,512,172 and now amounts to BAM 186,474,225 (~EUR 95.14 million), which provides the insurance market capital adequacy.

Increasing charter capital has ensured greater financial stability and ability to execute insurance contracts, which contributes to strengthening and further stabilizing the insurance market in the Federation of BiH.

*EUR 1 = BAM 1.96