Bosnia and Herzegovina
STATISTICS: Bosnian insurance market remained on track during 1Q
According to the 1Q financial figures published by the two market authorities which supervise the Bosnian insurance market (Insurance Supervisory Agency of Federation of Bosnia and Herzegovina - NADOS, and Insurance Agency of Republika Srpska - AZORS) - the local insurance industry totalled almost EUR 75 million, at the end of March 2016, representing an increase of 7% y-o-y.
4 August 2016BOSNIA: Agram offers 10.2 mln euro for state stake in Sarajevo Osiguranje
The Agram concern has offered 20 million marka ($11.4 million/10.2 million euro) for 2,108,469 state-held shares in Bosnian insurer Sarajevo Osiguranje, local media reported on Thursday.
1 August 2016BOSNIAN regulator appoints interim administrator at insurer Krajina Osiguranje
The Insurance Agency of Bosnia's Serb Republic said on Wednesday that it
has instated an interim administrator at local insurer Krajina
Osiguranje for a period of three months. All insurance contracts signed
with Krajina Osiguranje, remain valid, the agency said in a statement on
its website.
1 August 2016BOSNIA:Nearly million registered vehicles in Bosnia and Herzegovina's roads
Total number of road motor vehicles registered in Bosnia and Herzegovina last year amounts to 952.590. Of
the total number of registered vehicles in 2015, 87 percent are
passenger vehicles, eight percent are freight vehicles, three percent
are trailers, while the remaining two percent are other categories of
vehicles.
7 March 2016BOSNIAN unit of UNIQA insurance group doubles net profit in 2015
The Bosnian unit of Austrian insurance group UNIQA said on Thursday its
net profit doubled to 1.8 million marka (920,300 euro) in 2015.
29 February 2016BOSNIA: Sarajevo osiguranje to be sold?
The privatization plan of FBiH in this year includes the following
economy societies: Energopetrol JSC Sarajevo, Energoinvest JSC Sarajevo,
Aluminij JSC Mostar, Tobacco Factory Sarajevo JSC Sarajevo, and the
Sarajevo osiguranje JSC Sarajevo, it was stated from the Cabinet of the
Prime Minister of FBiH Fadil Novalic.
22 February 2016STATISTICS: BiH, FY2015: steady growth fueled by the MTPL line
The Bosnian insurance market saw a 4.7% y-o-y growth, to GWP of EUR 301 million, while paid claims remained fairly stable at the previous year's level, of EUR 128 million. It is however interesting to observe that the strongest contribution to the market growth belonged to insurers from smallest administrative entity of the country, the Republica Srpska. Thus, RS's share in the overall premium production increased by about 1.5 pp, to 29%.
4 February 2016BOSNIA's Bobar Osiguranje share offer sold out - bourse
Bosnian insurer Bobar Osiguranje said on Friday it has completed a
public offering of ordinary shares ahead of planned after the shares
were sold out.
4 January 2016BOSNIA's Standard Group backs off from Bobar Osiguranje takeover
Bosnia's Standard Group has decided not to go through with the
acquisition of a majority interest in local insurer Bobar Osiguranje,
local media reported on Thursday. Standard Group has abandoned
earlier plans to recapitalise Bobar Osiguranje with 3.8 million marka
(1.9 million euro), news portal Capital.ba reported.
17 December 2015BOSNIA: Bosnia's Bobar Osiguranje to offer 38,000 shares on bourse
Bosnian insurer Bobar Osiguranje said on Friday it will launch a public
offering on December 14 to sell 38,000 ordinary shares via the Banja
Luka Stock Exchange. The par value of one share is set at 100 marka, the insurer said in a bourse filing.
2 December 2015STATISTICS: BOSNIA, 3Q: Double-digit increase of RS based insurers pushed up the aggregate market figures
Based on the figures released by the insurance agencies in the Federation of Bosnia and Herzegovina (FBiH) and the Srpska Republic (RS), in 3Q2015 the aggregate value of GWP by the 24 insurers active in the two administrative entities that formed the country was EUR 227.2 million, or 4.4% more y-o-y. Overall, the value of claims paid increased by almost 5% y-o-y to EUR 96 million.
19 November 2015BOSNIA's Bobar Osiguranje to borrow 2.6 mln euro from local bank
Bosnian insurance company Bobar Osiguranje said on Monday it will borrow
5 million marka (2.6 million euro) from the local Bor Banka. The
company's shareholders approved the loan on November 9, the insurer said
in a filing with the Banja Luka Stock Exchange.
17 November 2015BOSNIAN insurer Bobar Osiguranje cuts capital by 6.1 mln euro
Bosnian insurance company Bobar Osiguranje said its shareholders have
approved cutting its capital by 11.95 million marka (6.1 million euro)
to 1.3 million marka through the cancellation of shares while also
backing the issue of new shares with the aim to cover losses and for
legal reserve purposes.
9 November 2015BOSNIAN insurer ASA Osiguranje 9-mo net profit rises
The net profit of Bosnian insurer ASA Osiguranje surged to 131,000 marka
(67,100 euro) in the first nine months of 2015 from 11,400 marka a year
earlier, the company said on Monday in a bourse filing.
3 November 2015BOSNIAN insurer Dunav Osiguranje 9-mo net loss narrows
Bosnian insurance company Dunav Osiguranje said on Thursday its net loss
narrowed to 1.3 million marka (664,700 euro) in the first nine months
of 2015 from 2.5 million marka a year earlier.
29 October 2015BOSNIA: Foreign investors eye stake in Krajina Osiguranje
The Insurance Agency of Bosnia's Serb Republic said on Thursday that
Naveen Aggarwal, the director of the Belgrade-based S&A Capital
Investments, and another Indian national have submitted a request to
acquire a stake in currently majority state-owned insurer Krajina
Osiguranje.
29 October 2015Regulator confirms BOSNIA's Standard Group eyeing Bobar Osiguranje
The Insurance Agency of Bosnia's Serb Republic confirmed on Monday that
Bijeljina-based company Standard Group is seeking a nod to become a
majority shareholder in local insurer Bobar Osiguranje. A
spokesperson for the Agency told SeeNews in an email that the request
submitted by Standard Group is currently being processed.
27 October 2015BOSNIA's Standard Group to recapitalise Bobar Osiguranje
Bijeljina-based Standard Group is interested in recapitalising Bosnian
insurer Bobar Osiguranje with some 4 million marka (2.04 million euro),
becoming a 76% shareholder in the company, local media reported.
26 October 2015BOSNIA's Dunav Osiguranje plans capital hike of 1.7 mln euro
Bosnian insurance company Dunav Osiguranje said on Monday it plans to
hike capital by 3.3 million marka (1.7 million euro) through a new share
issue in a placement to a qualified investor. Dunav Osiguranje
plans to issue 33,149 ordinary shares with a par value of 100 marka
each, the company said in a filing with the Banja Luka Stock Exchange.
13 October 2015STATISTICS: BOSNIA, 1H2015: Srpska based insurers increased their weight in the market
The 24 insurers operating in the two administrative entities of Bosnia and Herzegovina (FBiH - Federation of Bosnia and Herzegovina and RS - Republika Srpska) reported GWP of BAM 293.8 million (EUR 150.23 million), up 3.7% y-o-y, according to the aggregate figures provided by the two market authorities (NADOS - Insurance Supervisory Agency of FBiH and AZORS - Insurance Agency of RS).
8 October 2015
