Bosnia and Herzegovina


Location map
author: OCHA/ ReliefWeb

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

- 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
Pop. density*:68.5people/km2
GDP*:16.8EUR billion

European Union:
Potential candidate

Currency: Convertible mark
Code: BAM
Since: 1998

Exchange rates:


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Bosnia Q12021 Market Ranking

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Bosnia Q12021 Market Portfolio

See all statistics

Latest news

AM 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.

A 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

STATISTICS: Bosnian insurers posted Q1 GWP of about EUR 100 million

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.

STATISTICS: BiH insurers posted FY2020 subunit GWP decrease

At the end of 2020 the BiH insurance market totaled EUR 386.76 million (BAM 756.45 million), 0.83% less y-o-y, according to the YE 2020 market figures published by the local insurance agency - AZOBIH.

The value of GWP of the insurers operating in the Federation of Bosnia and Herzegovina decreased by 0.55% to EUR 270.52 million, while the Republika Srpska based insurers generated EUR 116.24 million, down by 1.48% y-o-y.
In terms of GWP, the top three largest insurers in the country were FBiH based insurers ADRIATIC osiguranje (9.13% market share), SARAJEVO osiguranje (8.60%) and EUROHERC osiguranje (8.27%).

DUNAV Osiguranje gives up its Bosnian life insurance business

Bosnian subsidiary of the Serbian DUNAV Osiguranje said it plans to give up its life insurance business, remaining active in non-life insurance only, reports SeeNews quoting a company document filed with the Banja Luka Exchange Stock.

BiH: GRAWE Banja Luka to absorb ATOS Osiguranje

At the end of November 2019, the General Meeting of Shareholders of ATOS Osiguranje passed the decision to merge with GRAWE osiguranje ad Banja Luka, the Republika Srpska branch of the Austrian insurance group, reports.

BiH: GRAWE to acquire DUNAV's life portfolio

Bosnian branch of GRAWE, the life insurance sector leader from Bosnia and Herzegovina, will take over the life portfolio of DUNAV Osiguranje Banja Luka, the Bosnian subsidiary of Serbian market leader, reports.