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Bosnia’s Federation insurers grow GWPs 8.7% y/y in Jan-July

Bosnia’s Federation insurers grow GWPs 8.7% y/y in Jan-July License: Creative Commons CC0

SARAJEVO (Bosnia and Herzegovina), August 12 (SeeNews) - The gross written premiums (GWPs) of insurance companies operating in Bosnia and Herzegovina’s Federation rose 8.7% year-on-year to 361.1 million marka ($189.9 million/184.6 million euro) in the first seven months of 2022, official data showed on Friday.

Non-life insurance premiums increased 6.9% on the year to 282.2 million marka in the period under review, while life insurance premiums went up 15.6% to 78.8 million marka, according to figures posted on the website of the Federation’s insurance supervision agency.

Adriatic Osiguranje was the top insurer in the non-life segment with GWPs of 38.80 million marka in the January-July period, up from 36.1 million marka a year earlier. It was followed by Sarajevo Osiguranje and Euroherc Osiguranje, with premiums of 36.7 million marka and 35.1 million marka, respectively.

In the life insurance segment, Sarajevo-based Grawe Osiguranje ranked first with 18.5 million marka in premiums in January-July, up from 17.2 million marka in the same period of 2021. It was followed by Uniqa Osiguranje and Triglav Osiguranje, with life premiums of 17 million marka and 16.2 million marka, respectively.

At the end of July, 20 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)

Grawe osiguranje d.d. Sarajevo is among the biggest insurers in SEE, for more reference take a look at Top 100 insurers