STATISTICS: BiH insurers posted FY2020 subunit GWP decrease

18 February 2021 —
STATISTICS: BiH insurers posted FY2020 subunit GWP decrease
At the end of 2020 the BiH insurance market totaled EUR 386.76 million (BAM 756.45 million), 0.83% less y-o-y, according to the YE 2020 market figures published by the local insurance agency - AZOBIH.

The value of GWP of the insurers operating in the Federation of Bosnia and Herzegovina decreased by 0.55% to EUR 270.52 million, while the Republika Srpska based insurers generated EUR 116.24 million, down by 1.48% y-o-y.
In terms of GWP, the top three largest insurers in the country were FBiH based insurers ADRIATIC osiguranje (9.13% market share), SARAJEVO osiguranje (8.60%) and EUROHERC osiguranje (8.27%).

Overall, the GWP portfolio consisted of about 20.67% - life insurance, the equivalent of EUR 79.96 million, out of which a total of EUR 66.85 million was generated by FBiH life insurers and about EUR 13.11 million by RS life insurers.

From the non-life subclasses (EUR 306.81 million), 8.09% of GWP corresponded to the property lines and 60.60% to motor insurance (MoD and MTPL, summed).

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

  • Market portfolio (GWP, Claims, shares, 2020/19 growth rates
  • Total market/Life/NonLife Rankings per isnruance companies (2020 vs 2019 GWP, claims, market shares)