STATISTICS: BOSNIAN insurers' GWP up by 6.4% in 2016

The aggregate GWP of the 27 insurers operating in Bosnia & Herzegovina increased by 6.4% y-o-y to BAM 634.1 million (EUR 324.2 million), as data from the local insurance agency - AZOBIH show.

The value of GWP of the 13 companies operating in the Federation of Bosnia and Herzegovina increased by 5.2% to EUR 228.4 million. In Republika Srpska, the 14 insurance companies generated about EUR 95.8 million, up by 9.4% y-o-y.

The aggregate GWP portfolio consisted of about 20.4% - life insurance, the equivalent of EUR 66.1 million, of which EUR 55.4 million - generated by FBiH life insurers and about EUR 10.7 million - by RS life insurers. From the non-life subclasses, 8.4% of GWP corresponded to the property lines and 59.4% to motor insurance (Motor Hull and MTPL, summed) - the equivalent of EUR 192.6 million.

According to the presented figures, FBiH based UNIQA osiguranje - a unit of Austrian insurance group UNIQA - was the largest insurer in the country, the mentioned company reporting the highest GWP volume: EUR 29.9 million (9.2% market share).

Top 3 was completed by other FBiH insurers - the former leader - SARAJEVO osiguranje (EUR 28 million) and EUROHERC (EUR 27.6).

The largest RS insurer was WIENER Osiguranje (ranked 8th), a unit of Austrian VIG: GWP of EUR 16.1 million, market share of 5%.

Access www.xprimm.com and download the FY2016 Bosnian insurance market statistics (in EUR and BAM).

Aggregate BiH insurance market indicators (FBiH and RS insurance markets, summed):
  • Market portfolio (in EUR and BAM)
  • Market ranking (GWP/ Claims/ Market shares/ Growth rates)
FBiH insurance market indicators:
  • Market portfolio (in EUR and BAM)
  • Market ranking (GWP/ Claims/ Market shares/ Growth rates)
RS insurance market indicators:
  • Market portfolio (in EUR and BAM)
  • Market ranking (GWP/ Claims/ Market shares/ Growth rates)

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