STATISTICS: Bosnia's insurance market grows by 9.4% y-o-y in H1 2022 to EUR 227 million

1 September 2022 — Andrei Victor
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 GWP portfolio consisted of 21.4% - life insurance, the equivalent of EUR 48.7 million, out of which a total of EUR 41.9 million was generated by FBiH life insurers and about EUR 6.8 million by RS life insurers.

From the non-life subclasses (EUR 178.7 million), 9.2% of GWP corresponded to the property lines and 57.5% to motor insurance (Motor Hull and MTPL, summed). Insurers registered in FBiH generated about EUR 117.8 million of total non-life GWP, the remaining EUR 60.9 million being reported by Republika Srpska-based insurers.

Total paid claims and indemnities increased by 18.7% y-o-y to EUR 98.2 million, out of which EUR 72.3 million - FBiH insurers and EUR 25.9 million - RS insurers.

The FBiH-based insurers ADRIATIC osiguranje (9.3% market share), UNIQA osiguranje (8.5%) and TRIGLAV osiguranje (8.1%), were the top three largest insurers in the country out of 25 market players. The largest RS insurer in terms of GWP was WIENER VIG - ranked 10th (market share of 4.4%).

Access and download the latest Bosnian insurance market statistics (in EUR and BAM).

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