Bosnia and Herzegovina

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Croatia, Serbia, Montenegro.

Climate:
- hot summers and cold winters;
- areas of high elevation have short, cool summers and long, severe winters;
- mild, rainy winters along coast.

Natural hazards:

- destructive earthquakes.

Macro indicators
* 2018 estimates
Surface:51,129km2
Population*:3.5million
Pop. density*:68.5people/km2
GDP*:16.8EUR billion
GDP/capita*:4,807.4EUR

European Union:
Potential candidate

Currency: Convertible mark
Code: BAM
Since: 1998

Exchange rates:
 



BiH: IDDEEA BiH and Insurance Supervisory Agency of the Federation of Bosnia and Herzegovina signed an agreement on access to data

The Insurance Supervisory Agency of the Federation of Bosnia and Herzegovina and the Agency for Identification Documents, Registers and Data Exchange of Bosnia and Herzegovina (IDDEEA BiH) signed an agreement on permanent access to data from the records of registered vehicles and registration documents on January 19, the regulator said on its website.

STATISTICS: BiH insurers’ 3Q2023 GWP exceeded EUR 380 million

The insurance market of Bosnia and Herzegovina Q3 2023 with aggregate GWP worth BAM 744.2 million (~EUR 380.5 million) vs. BAM 668.6 million (~EUR 341.8 million) a year before, according to the January-September 2023 market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.

MTPL insurance market’s deregulation starts in FBiH, one of the two administrative entities of Bosnia & Herzegovina

On November 1, 2023, in accordance with the Law on Compulsory Traffic Insurance, a gradual and phased deregulation of the MTPL insurance sector in the Federation of Bosnia and Herzegovina (FBiH) will come into effect, insurance companies gaining the right to apply their own MTPL tariffs with prior approval from the market authority, the Insurance Supervision Agency of the FBiH (NADOS) announced.










STATISTICS: BiH insurers' 9 months business extended by 8.15% y-o-y

The insurance market of Bosnia and Herzegovina ended the first nine months of the current year with aggregate gross written premiums worth BAM 668.66 million (~EUR 341.88 million) vs. BAM 618.26 million (~EUR 316.11 million) a year before, according to the January-September 2022 market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.