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May 11, 2023 13:50 EEST
May 11 (SeeNews) - The gross written premiums (GWPs) of insurance companies operating in Bosnia and Herzegovina’s Federation rose 8.2% year-on-year to 212.7 million marka ($118.8 million/108.8 million euro) in the first four months of the year, official data showed on Thursday.
Non-life insurance premiums increased 10.1% on the year to 166.5 million marka in the January-April period, while life insurance premiums went up 1.9% to 46.2 million marka, according to figures posted on the website of the Federation’s insurance supervision agency.
ASA Central Osiguranje was the top insurer in the non-life segment with gross written premiums of 27.7 million marka in the first four months, up from 13 million marka a year earlier. It was followed by Adriatic Osiguranje and Euroherc Osiguranje, with premiums of 23.9 million marka and 20.8 million marka, respectively.
In the life insurance segment, Sarajevo-based Vienna Osiguranje ranked first with 10.9 million marka in premiums in January-April, up from 8.2 million marka in the same period of 2022. It was followed by Grawe Osiguranje and Uniqa Osiguranje, with life premiums of 10.8 million marka and 9.8 million marka, respectively.
At the end of April, 19 insurance companies operated in Bosnia’s Federation.
The Federation and the Serb Republic are two autonomous entities that form Bosnia and Herzegovina.
(1 euro = 1.95583 marka)
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