STATISTICS: BOSNIA AND HERZEGOVINA, FY2019: Insurers' GWP up by 7% y-o-y

2 April 2020 — Andrei Victor
Last year, the BiH insurance market totaled EUR 390 million (BAM 762.5 million), 7% more y-o-y, as data from the local insurance agency - AZOBIH shows.

The value of GWP of the insurers operating in the Federation of Bosnia and Herzegovina increased by 6.8% to EUR 272 million, while the Republika Srpska based insurers generated about EUR 118 million, up by 7.3% y-o-y.

Overall, the GWP portfolio consisted of about 20.8% - life insurance, the equivalent of EUR 81 million, out of which a total of EUR 68.4 million was generated by FBiH life insurers and about EUR 12.6 million by RS life insurers. From the non-life subclasses (79% total market share, EUR 309 million), 7.6% of GWP corresponded to the property lines and 59.3% to motor insurance (Motor Hull and MTPL, summed).

The FBiH-based insurers ADRIATIC osiguranje (9% market share), SARAJEVO osiguranje (8.8%) and UNIQA osiguranje (8.3%), were the top three largest insurers in the country. The largest RS insurer in terms of GWP was WIENER VIG - ranked 11th of 26 BiH insurers, market share of 4.1%.

Access and download the latest Bosnian insurance market statistics (in EUR and BAM).

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