Bosnian insurers reported aggregate Q1 GWP of BAM 192 million (~EUR 98.2 million), according to the most recent market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.

FBiH insurers have provided for almost 70.5% of the total GWP (EUR 69.3 million) vs. EUR 28.9 million - insurers domiciled in Srpska Republic.

Overall, the non-life sector's contribution to the market portfolio was of about 79% of total GWP - EUR 77.6 million, while the life-insurance companies contributed the remainder EUR 20.64 million.

Top 3 largest life insurers in terms of GWP are the three local business units of Austrians insurers UNIQA (23.27%), VIG (20.06%) and GRAWE (19.74%), while Adriatic Osiguranje, EUROHERC and SARAJEVO are the top 3 non-life insurers, with market share of about 10% each.

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