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Nov 15, 2017 16:08 EEST
SARAJEVO (Bosnia and Herzegovina), November 15 (SeeNews) – The combined premium income of the 27 insurance companies operating in Bosnia has increased 8.89% on the year to 345.1 million marka ($208.9 million/176.4 million euro) in the first half of 2017, data from the state insurance agency shows.
The non-life insurance sector contributed 275.96 million marka of premium income in the six months through June, up 8.46% on the year, while the life-insurance companies contributed the remainder, which was 10.64% higher than their premium income in the first half of 2016.
The premium income of the 13 companies operating in the Federation, one of Bosnia's two entities, increased 7.32% to 241.5 million marka in January-June. In Bosnia's other entity, the Serb Republic, 14 insurance companies generated an income of 103.6 million marka, up 12.73% on the year.
The Federation-based Sarajevo Osiguranje was the biggest insurer in Bosnia with a premium income of 29.2 million marka in the first half of 2017, down 0.54% on the year, and a market share of 8.47%.
In the Serb Republic, Wiener Osiguranje, a unit of the Vienna Insurance Group (VIG), was the biggest insurer, with a 16.97% rise in premiums to 18.4 million marka. Its market share of Bosnia's insurance market was 5.33%.
The Federation and the Serb Republic are two autonomous entities that make up Bosnia and Herzegovina.
(1 euro=1.95583 marka)
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