Bosnia’s Federation insurers grow GWPs 9.5% y/y in Jan-Aug

September 13 (SeeNews) - The gross written premiums (GWPs) of insurance companies operating in Bosnia and Herzegovina’s Federation increased 9.5% year-on-year to 450.4 million marka ($247.1 million/230.3 million euro) in the first eight months of the year, official data showed on Wednesday.

Non-life insurance premiums increased 10.7% on the year to 356.2 million marka in the January-August period, while life insurance premiums went up 4.9% to 94.2 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 63.1 million marka in the first eight months, up from 28.1 million marka a year earlier. It was followed by Adriatic Osiguranje and Euroherc Osiguranje, with premiums of 51.4 million marka and 46 million marka, respectively.

In the life insurance segment, Sarajevo-based Vienna Osiguranje ranked first with 24 million marka in premiums in January-August, up from 19 million marka in the same period of 2022. It was followed by Grawe Osiguranje and Uniqa Osiguranje, with life premiums of 20.7 million marka and 19.7 million marka, respectively.

At the end of August, 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)