April 12 (SeeNews) - The gross written premiums (GWPs) of insurance companies operating in Bosnia and Herzegovina’s Federation rose 9.3% year-on-year to 159.4 million marka ($89 million/81.5 million euro) in the first three months of the year, official data showed on Wednesday.
Non-life insurance premiums increased 10.1% on the year to 124 million marka in the January-March period, while life insurance premiums went up 6.7% to 35.4 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 19.6 million marka in the first three months, up from 9.8 million marka a year earlier. It was followed by Adriatic Osiguranje and Euroherc Osiguranje, with premiums of 17.8 million marka and 15.6 million marka, respectively.
In the life insurance segment, Sarajevo-based Grawe Osiguranje ranked first with 8.5 million marka in premiums in January-March, down from 8.6 million marka in the same period of 2022. It was followed by Vienna Osiguranje and Uniqa Osiguranje, with life premiums of 8.4 million marka and 7.4 million marka, respectively.
At the end of March, 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)
ASA Osiguranje d.d. Sarajevo is among the biggest insurers in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here