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, CAPITAL.ba reports.

The entire life portfolio of DUNAV, consisting in 1,571 life insurance policies, will be taken under GRAWE's service. Bojan POPOVIC, CEO of DUNAV Osiguranje Banja Luka, confirmed in an interview for CAPITAL.ba that the companies shook hands for the portfolio transfer, adding that no customer should be affected by the transaction.

The source also mentioned that this portfolio transfer was a premiere for the insurance market of Republika Srpska, the territorial division of Bosnia and Herzegovina.

Source: capital.ba