Uniqa on Successful Growth Path in Bosnia and Herzegovina. Provisions increased by 15.2 percent in the first three quarters of the year and generated the second-highest growth rate. Moreover, the market share was extended to 12.2 percent.

The Bosnian insurance market went up by 4.23%, to almost EUR 132.65 million, in the first half of 2013, primarily as a result of an increase of over 6.36% recorded by its smaller segment, namely the insurers domiciled in the Republika Srpska (RS), according to data published by the Insurance Agency in the Republika Srpska (AZORS). At the same time, the GWP volume reported by the FBiH insurers increased slightly by 3.5% y-o-y, the Insurance Supervisory Agency of the Federation of Bosnia and Herzegovina (NADOS) reported. In absolute terms, it is worth mentioning that half of the additional non-life premium production recorded by the entire Bosnian market in 1H2013 was provided by the RS market, while in the structure of the total premiums, the share of the 12 companies domiciled in FBiH amounted to 74.2% (EUR 98.41 million), while the 11 RS-based companies accounted for the remaining 25.8% (EUR 34.25 million).

BiH's insurance market went up 3.6% to almost EUR 62 million in the first three months of 2013, primarily as a result of an increase of over 7% of insurance companies based in the Republic of Srpska (RS), the Insurance Agency of Republika Srpska (AZORS) informed. At the same time, the volume of GWP of FBiH insurers increased slightly by 2.4% y-o-y, the Insurance Supervisory Agency of Federation of Bosnia and Herzegovina (NADOS) reported. In the structure of the total premium, the share of the 12 companies domiciled in FBiH amounted to 74.7% (EUR 46 million), while the 11 RS - based companies accounted for 25.3% (almost EUR 16 million).

In FY 2012, the total GWP of BiH insurers totaled EUR 258 million, which is 3.5% more than in FY2011. By insurance classes, "on the life segment, the premiums growth was of about 8%, while on the general insurance segment it was of nearly 2.7%," pointed out Samir OMERHODZIC, Director, Insurance Agency of Bosnia and Herzegovina (AZOBIH) at the International Insurance Forum 2013. "Analyzing the figures, we can conclude that the upward trend continued. In Bosnia, the insurance industry has not felt the impact of the recession," underlined Mr. OMERHODZIC.

ASA Insurance in 2012 achieved a premium of 10.026.242 KM, which indicates an increase of 2.2 percent in comparison to 2011.

Despite the financial crisis, Bosnia and Hergovina's insurance market remained on the growth track followed in the previous period, increasing by 2.87% y-o-y. The 25 insurers resident in BiH made in 3Q2012 a total GWP amount of EUR 195.17 million, out of which 83.84% relates to non-life insurance. Non-life insurance recorded 2% growth rate, to EUR 163.63 million, while life insurance lines grew by 7.59%, up to EUR 31.53 million. Premiums in the Federation of Bosnia and Herzegovina (FBiH) increased by 1.86%, compared to a 5.69% increase in the Republic of Srpska (RS).

Bosnian insurer BOBAR Osiguranje has cut its core capital by BAM 1.56 million (USD 1.03 million / EUR 797.615), or by 15,581 shares, to BAM 13.4 million, the Banja Luka bourse said on Monday.

Bosnian insurer JAHORINA Osiguranje raised its share capital by 8.0 million marka (USD 5.3 million/ EUR 4.1 million) to over 17.1 million marka, the Banja Luka Stock Exchange said on Thursday.

The Bosnian insurance market recorded an overall steady evolution in 1H2012, as compared to 1H2011. Yet, if the total GWP showed only a less than 1pp change, to EUR 127.27 million by the end of June 2012, from the EUR 126.11 million figure of 2011, a closer look reveals a different situation when considering the figures for each business line. Thus, while life insurance recorded a positive change of over 7%, on the non-life insurance lines the results were less encouraging.

Bosnian non-life insurer Neskovic Osiguranje raised its capital by 1.0 million marka to 7.0 million marka, the Banja Luka bourse said on Thursday.

Bosnian insurer Jahorina Osiguranje said it will raise 10.72 million marka in a capital increase.

The total premium in January-March 2012 in Bosnia & Herzegovina amounted to EUR 59.7 million, which is 0.34% less than in 1Q2011. In the structure of the total premium, the share of the companies with registered office in FBiH amounted to 75.59%, while the RS-based companies accounted for 24.41%, showed the cumulated financial figures published by Insurance Supervisory Agency of Federation of Bosnia and Herzegovina (NADOS) and Insurance Agency of Republika Srpska (AZORS).

A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of B+ (Good) and issuer credit rating of "bbb-" of Bosna Reosiguranje d.d. Sarajevo (Bosna Re) (Bosnia and Herzegovina). The outlook for both ratings remains stable.

Bosnian insurance company Bobar Osiguranje said on Thursday it decided to decrease its capital by 12.4% to cover losses.

Bosnian insurance company Bobar Osiguranje said on Thursday it decided to decrease its capital by 12.4% to cover losses. Bobar Osiguranje's share capital will be cut to 13.073 million marka ($8.5 million/6.8 million euro) from 14.919 million marka, the company said in a filing with the Banja Luka Stock Exchange.

"Austrian insurance group UNIQA said its profit from ordinary activities in Bosnia and Herzegovina rose to 309,000 ($408,790) in 2011 from 267,000 a year ago.

"BiH is still far from achieving significant results in terms of approximation with EU standards which call for effective and uniform enforcement of single and more sophisticated rules on the entire European market for the benefit of the consumers and ensuring higher level of financial stability. Bosnia and Herzegovina and its insurance sector will also need to address these challenges", said Renzo DAVIDDI, Deputy Head of the EU Delegation to BiH on the occasion of the closing ceremony of the project "EU Support for Sustainable Capacity Building of the Insurance Agency of BiH and the FBiH and RS Insurance Supervisory Agencies", held on the 18th April 2012, in the premises of the Parliamentary Assembly of Bosnia and Herzegovina in Sarajevo.

Bosnian insurance company Dunav Osiguranje [BANJ:KDVO-P-A] said on Wednesday its net profit plunged to 140,002 marka ($96,390/71,580 euro) in 2011 from 422,203 marka a year earlier.

Bosnian insurance company Krajina Osiguranje said on Wednesday its net profit surged to 1.7 million marka ($1.1 million/869,200 euro) in 2011 from 32,122 marka a year earlier.

The Bosnian insurance market finished 2011 with a positive GWP growth rate, of 3.4%, up to EUR 249.5 million. Insurers domiciled in Srpska Republic (RS) managed to place an aggregated growth rate of 7.12%, up to EUR 67.15 million GWP, while their peers registered in Federation of Bosnia & Herzegovina reported a 2.1% positive change of the written premium volume, to EUR 182.4 million. Consequently, RS insurers' weight in the overall Bosnian insurance market grew by about 1 percentage point, to almost 27%.