At the end of March 2023, the BiH insurance market totaled EUR 117.27 million (BAM 229.35 million), 9.32% more y-o-y, according to the quarterly market figures published by the local insurance agency - AZOBIH.

At the end of last year, the insurance market Bosnia totaled EUR 450.5 million (BAM 881 million), 7.7% more y-o-y, according to the Q4 2022 market figures published by AZOBIH - Insurance Agency of Bosnia and Herzegovina.

The Insurance Supervisory Agency of the Federation of Bosnia and Herzegovina in January 2023 held a meeting with the management of (re)insurance companies, where it was pointed out that in 2022 life and non-life insurance registered an increase, the insurance market is still dominated by motor insurance and that the market can be considered as also stable and sustainable.

At the end of the year, Bosnian insurers ASA Osiguranje and Central osiguranje will be officially merged, local media informed. The merger will create the largest insurer in the country with more than 11% market share.

Zeljko Slijepcevic, member of the Management Board of the Banking Agency of Republika Srpska, has been appointed as the ombudsman in the insurance of the RS, for a five year mandate, starting on 8 December osiguranje.hr wrote.

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.

On September 29 and 30 the Association of Insurance Companies in the Federation of Bosnia and Herzegovina organized in Sarajevo the second conference "Days of Insurance in BiH", which brought together domestic and foreign experts from the insurance industry, nados.ba wrote.

From January to August 2022, GWP of insurance companies operating in Bosnia and Herzegovina's Federation increased by 8.7% y-o-y to BAM 411.5 million (EUR 210.4 million), SeeNews informed according to the official data.

At the end of the first half-year of 2022, the BiH insurance market totaled EUR 227.4 million (BAM 444.7 million), 9.4% more y-o-y, as statistics from the local insurance agency - AZOBIH shows.

The merger of ASA and Central Insurance, both domestic and fast-growing insurance companies, will result in a leading position on the Bosnian insurance market for ASA Central Osiguranje, the insurer said.

The insurance companies operating in Bosnia and Herzegovina reported aggregate Q1 2022 GWP worth BAM 209.81 million (EUR 107.27 million), up by 9.20% compared with the same period of 2021, according to the quarterly market figures published by the local insurance agency - AZOBIH.

The Insurance Supervision Agency of the Federation of BiH approved the increase of charter capital to all insurance companies operating in the territory of the Federation of Bosnia and Herzegovina, the agency informed.

The business of insurance companies operating in Bosnia's Federation expanded 9% y-o-y to BAM 196.5 million (EUR 100.5 million) from January to April this year, SeeNews reports according to what official data showed.

Net profit of the Bosnian insurer ASA Osiguranje increased 27.3% y-o-y in 2021 to BAM 3.2 million (EUR 1.6 million), SeeNews informed.

At the end of 2021 the BiH insurance market totaled EUR 418.44 million (BAM 818.40 million), 8.19% more y-o-y, according to the YE 2021 market figures published by the local insurance agency - AZOBIH.

Bosnian insurer Triglav Osiguranje, part of Slovenia's Triglav Group, announced that in 2021 its net profit rose 1.2% y-o-y to BAM 2.5 million (EUR 1.3 million), SeeNews reports.

Bosnian insurers reported aggregate Q3 GWP of BAM 618 million (~EUR 316 million) vs. BAM 569 million (EUR 291 million) a year before, according to the most recent market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.

The net profit of the Bosnian Dunav Osiguranje jumped to BAM 27,635 (EUR 14,100) in the first nine months of 2021, from BAM 10,393 in the same period last year, SeeNews informed.

InsurtechBalkans' Sarajevo chapter is approaching, with less than a month until the first Insurtech event in Bosnia & Herzegovina, to be held online, on 24 November 2021. XPRIMM Publications are supporting the event as Media Partners.

Insurance market of Bosnia & Herzegovina ended the first half of 2021 by showing a positive dynamic, especially on the life insurance side. Yet, although recording a 12.3% y-o-y GWP growth, the life insurance segment remains very small, reaching a total GWP amount of EUR 42.8 million, still far from the market's potential. At the same time, indemnities paid for life insurance went up by 27% y-o-y, to EUR 21.7 million.