SARAJEVO (Bosnia and Herzegovina), May 16 (SeeNews) - The gross written premiums (GWPs) of insurance companies operating in Bosnia’s Federation rose 9% year-on-year to 196.5 million marka ($104.6 million/100.5 million euro) in the first four months of the year, official data showed.
Non-life insurance premiums increased 6.7% on the year to 151.1 million marka in the January-April period, while life insurance premiums went up 17.2% to 45.4 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 20.3 million marka in the first four months, up from 18.6 million marka a year earlier. It was followed by Sarajevo Osiguranje and Euroherc Osiguranje, with premiums of 19.7 million marka and 18.2 million marka, respectively.
In the life insurance segment, Sarajevo-based Grawe Osiguranje ranked first with 11.2 million marka in premiums in January-April, up from 10.3 million marka in the same period of 2021. It was followed by Uniqa Osiguranje and Triglav Osiguranje, with life premiums of 9.9 million marka and 8.9 million marka, respectively.
At the end of April, 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