STATISTICS: BOSNIA, 1Q2015: RS based insurers maintained the country GWP "in black"

In the first three months of 2015, BiH's insurance market totaled almost EUR 70 million (BAM 136.8 million), 0.4% more y-o-y as a result of an increase of over 5.5% (to EUR 19.8 million) of insurance companies based in the Republic of Srpska (RS), according to the figures published by the two market authorities - Insurance Agency of Republika Srpska (AZORS) and the Insurance Supervisory Agency of Federation of Bosnia and Herzegovina (NADOS). The volume of FBiH insurers' GWP decreased by 1.5% y-o-y, totaling EUR 50.1 million.

Overall, the life insurance segment accounted for EUR 14.6 million (approximately 21%), while the remaining EUR 55.3 million was related for non-life insurance. In terms of dynamics, non-life insurance recorded a 1.1% y-o-y decrease, while life insurance showed a 6.5% growth. The share of the motor insurance classes was about 53% of the market portfolio (of which more than 43% was related to MTPL policies).

The total value of insurer's expenses for claims showed an increase of 45.3% to EUR 37.6 , of which EUR 13.8 million - the two property classes and EUR 16.1 million - MTPL and motor hull policies (summed).

On life insurance segment, MERKUR BH leads market, holding a 24.9% market share, followed by UNIQA (22.2%) and the FBiH based subsidiary of GRAWE (19.0%).

On the non-life side, SARAJEVO leads the market ranking, with a 14.5% market share, followed by EUROHERC (10.8%) and BOSNA-SUNCE (8.6%).

Access www.xprimm.com and download the 1Q2015 Bosnian insurance market statistics (in EUR and BAM).

BiH insurance market indicators (FBiH and RS insurance markets, added-up):
  • Market portfolio (GWP/Claims/Growth rates)
  • Life and non-life market rankings (GWP/ Claims/ Market shares/ Growth rates)
FBiH insurance market indicators:
  • Market portfolio (GWP/Claims/Growth rates)
  • Life and non-life market rankings (GWP/ Claims/ Market shares/ Growth rates)
RS insurance market indicators:
  • Market portfolio (GWP/Claims/Growth rates)
  • Life and non-life market rankings (GWP/ Claims/ Market shares/ Growth rates)


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