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Nov 27, 2007 11:59 EEST
SARAJEVO (Bosnia and Herzegovina), November 27 (SeeNews) – Croatian concern Agram said its Bosnian insurance units, Bosna Sunce Osiguranje (BSO) and Euroherc, raised their premium incomes in the nine months of 2007 by 19.7% and 17.03%, respectively.
BSO had total premium income of 30.2 million marka ($22.9 million/15.4 million euro), while Euroherc’s premiums reached 21.1 million marka, Agram said in a statement posted on Euroherc’s website.
The combined premium income of insurance companies in Bosnia’s Muslim-Croat Federation, where the two insurers operate, was 146 million marka in the first half of this year, compared to 49 million marka in the Serb Republic, according to latest available data from the Federation’s Insurance Supervisory Agency.
The Federation and the Serb Republic are the two autonomous parts of war-divided Bosnia. The two regions have separate insurance markets.
The first-ranked insurer in the Federation at the end of June was Sarajevo Osiguranje with a 20.11% premiums share, followed by BSO (13.33%), Croatia Osiguranje (11.26%), Triglav BH (10.56%) and Euroherc (9.28%).
Agram, which is active in insurance, car dealership and car leasing services, says it is the biggest privately-owned insurer in Croatia with a market share of 22.8%. Most of its shareholders are Croatian individuals. The concern comprises around 20 companies in Croatia and Bosnia.
(1 euro = 1.95583 Bosnian marka)
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