Based on the figures released by the insurance agencies in the Federation of Bosnia and Herzegovina and the Srpska Republic (RS), in 3Q2014 the added-up value of gross written premiums by the 24 insurers active in the two administrative entities that formed Bosnia and Herzegovina increased to EUR 218 million, or 7.8% more y-o-y. The insurers from the Federation accounted for EUR 158 million (72.6% of total), while the RS insurance market accounted for the remaining rest of EUR 60 million.

Analyzing the aggregate figures, the GWP portfolio consisted of about 19.4% of life insurance - the equivalent of EUR 42 million, the remaining 82.4% corresponding to non-life insurance classes. From the general insurance classes, 10.8% of premiums corresponded to the property type and 58% to motor insurance (Motor Hull and MTPL, summed) - the equivalent of EUR 126 million.

In terms of claims, the total value of claims paid by insurers increased by almost 28% y-o-y to EUR 91.4 million. Out of this total, EUR 35 million were related to MTPL policies, EUR 15.6 million to the Motor Hull insurance class, EUR 18.9 million to the property sub-segment and EUR 12.8 million to life policies.

Individually, per insurance companies, at the end of September 2014, SARAJEVO osiguranje reported the highest GWP volume: EUR 25.75 million (11.82% market share).

Access www.xprimm.com and download the 3Q2014 Bosnian insurance market statistics.

BiH insurance market indicators (FBiH and RS insurance markets, added-up):

• Market portfolio (in EUR and BAM)
• Life and non-life market rankings (GWP/ Claims/ Market shares/ Growth rates)

FBiH insurance market indicators:

• Market portfolio (in EUR and BAM)
• Life and non-life market rankings (GWP/ Claims/ Market shares/ Growth rates)

RS insurance market indicators:

• Market portfolio (in EUR and BAM)
• Life and non-life market rankings (GWP/ Claims/ Market shares/ Growth rates)