Bosnia and Herzegovina
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Bosnia and Herzegovina: ASA and Central Insurance to become a leader in the insurance market after merging
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.
4 July 2022STATISTICS: BiH Q1 2022: insurers' business increased by 9.20% to over EUR 107 m
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.
8 June 2022Bosnia and Herzegovina: charter capital of insurance companies has increased
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.
24 May 2022Bosnia and Herzegovina: The business of insurers operating in Bosnia's Federation expanded 9% y-o-y in the first four months
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.
17 May 2022Bosnia and Herzegovina: ASA Osiguranje's net profit grew more than 27% y-o-y in 2021
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.
5 April 2022STATISTICS: Bosnian insurers business increased by 8.19% in 2021
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.
3 March 2022Bosnia and Herzegovina: in 2021 net profit of Triglav Osiguranje rose 1.2%
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.
2 March 2022STATISTICS: BiH insurers 9 months GWP increased 8.6% y-o-y to EUR 316 m
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.
16 November 2021BOSNIA: Dunav Osiguranje's net profit and operating income up in 9 months of 2021
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.
8 November 2021InsurtechBalkans' Sarajevo, an opportunity to find out more about Insurtech's future in the region
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.
28 October 2021STATISTICS: BiH, 1H2021: betting on digitalization, UNIQA osiguranje is the new market leader
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.
30 September 2021BiH: Intermediation commissions for MTPL officially raised in Republika Srpska
Insurance Agency of Republika Srpska, one of the two administrative entities of Bosnia & Herzegovina, has increased commissions for MTPL insurance agents from 15 to 27% in an attempt to prevent companies from illegally increasing those commissions themselves, local financial press reported.
29 September 2021BOSNIA: net profit of ASA Osiguranje rose by almost 14% in 1H
Bosnian insurer ASA Osiguranje's net profit rose to BAM 1.47 million (~EUR 752,000) in 1H (vs BAM 1.29 million in the same period last year), which is about 14% more y-o-y, SeeNews reports.
20 September 2021MTPL tarrifs' liberalization in Bosnia & Herzegovina postponed
Government of the Federation of Bosnia and Herzegovina (FBiH) approved an amendment to the Law on Compulsory Traffic Insurance, which extends the use of the common tariff by one year (until end of October 2023), while full tariffs liberalization was pushed until November 1, 2026, wrote osiguranje.hr.
16 September 2021BiH: UNIQA shows continuous growth in 2021
In H1 2021, UNIQA BiH achieved a growth of 19.7% and a total premium of BAM 35.7 million (~EUR 18.7 million), which positions the company on top of the insurance market, according to the total realized premium, as the Austrian insurance group UNIQA announced in a statement.
30 August 2021BiH: Net profit of Euroherc Osiguranje 7.5% up in 1H2021
Net profit of the Bosnian
insurance company Euroherc Osiguranje increased 7.5% y-o-y in the first half of
2021, reaching BAM 5.3 million (EUR 2.7 million), SeeNews reports.
16 August 2021BiH: Net profit of the Grawe Osiguranje Sarajevo up in 1H2021
Bosnia's Grawe
Osiguranje Sarajevo, a member of
Austrian insurance group Grawe, said its net profit rose to BAM 3.3 million (EUR
1.7 million euro) in the first half of 2021 (vs BAM 2.8 million in 1H2020,
almost 18% up), SeeNews wrote.
13 August 2021BiH: net profit of Triglav Osiguranje increased in 1H by 5.6% y-o-y
In the first half of 2021, net profit of the Bosnian insurer Triglav Osiguranje (part of Slovenia's Triglav Group), increased by 5.6% y-o-y, to BAM 1.3 million (~EUR 665,000), SeeNews wrote.
29 July 2021AM Best affirms Credit Ratings of Bosna Reosiguranje d.d. Sarajevo
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Bosna Reosiguranje d.d. Sarajevo (Bosna Re) (Bosnia and Herzegovina [BH]). The outlook of these Credit Ratings (ratings) is stable.
19 July 2021A 38% stake in Bosnian Osiguranje Aura for sale
The state-owned Investment-Development Bank of Bosnia's Serb Republic, IRBRS, said it is looking to sell its shares in local insurer Osiguranje Aura representing 38.06% interest for BAM 2.16 million (EUR 1.1 million), SeeNews announced on June17, quoting IRBRS
24 June 2021
