STATISTICS: BOSNIA, FY2017: The share of RS insurers exceeds 30%

Last year, the aggregate GWP of the 27 Bosnian insurers increased by 7.77% y-o-y to BAM 683.23 million (EUR 349.33 million), as data from the local insurance agency - AZOBIH show.

The GWP portfolio consisted of about 20.38% - life insurance, the equivalent of EUR 71.20 million, of which EUR 59.33 million - generated by FBiH life insurers and about EUR 11.86 million - by RS life insurers.

From the non-life subclasses, 8.22% of GWP corresponded to the property lines and 58.92% to motor insurance (Motor Hull and MTPL, summed) - the equivalent of EUR 205.83 million.

Overall, the value of GWP of the 13 companies operating in the Federation of Bosnia and Herzegovina increased by 6.45% to EUR 243.04 million. At the same time, in Republika Srpska, the 14 insurance companies generated about EUR 106.29 million, up by 10.94% y-o-y.

According to the presented figures, FBiH based UNIQA osiguranje was the largest insurer in the country, the mentioned company reporting the highest GWP volume: EUR 29.63 million (8.48% market share). Top 3 was completed by other FBiH insurers - the former leader - EUROHERC osiguranje (EUR 28.77 million) and SARAJEVO osiguranje (EUR 28.04 million). The largest RS insurer was WIENER Osiguranje (ranked 8th), a unit of Austrian VIG: GWP of EUR 17.99 million, market share of 5.15%.

Access www.xprimm.com and download the FY2017 Bosnian insurance market statistics (in EUR and BAM).

  • Market portfolio (in EUR and BAM)
  • Market ranking (GWP/ Claims/ Market shares/ Growth rates)

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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