STATISTICS: Bosnian insurers business increased by 8.19% in 2021

3 March 2022 — Andrei Victor
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.

Non-life insurance premiums increased by 7.3% year-on-year to EUR 329 million (BAM 643.6 million) in 2021, while premiums in the life insurance segment went up 11.8% to EUR 89.37 million (BAM 174.8 million). From the non-life subclasses, EUR 32.22 million corresponded to the property lines and EUR 249.76 million to motor insurance (MoD and MTPL, summed).

The value of GWP of the insurers operating in the Federation of Bosnia and Herzegovina increased by 8.26% to EUR 292.86 million, while the Republika Srpska based insurers generated EUR 125.58 million, up by 8.0% y-o-y.

In terms of GWP, the top three largest insurers in the country were FBiH based insurers ADRIATIC osiguranje (9.08% market share), UNIQA osiguranje (8.71%) and EUROHERC osiguranje (7.93%).

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

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