SARAJEVO (Bosnia and Herzegovina), April 14 (SeeNews) – The gross written premiums (GWPs) of insurance companies operating in Bosnia’s Federation rose 9.4% year-on-year to 145.9 million marka ($81 million/74.6 million euro) in the first three months of the year, official data showed.
Non-life insurance premiums increased 7.3% on the year to 112.7 million marka in the January-March period, while life insurance premiums went up 16.8% to 33.2 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 15.1 million marka in the first three months, up from 13.8 million marka a year earlier. It was followed by Sarajevo Osiguranje and Euroherc Osiguranje, with premiums of 14.6 million marka and 13.4 million marka, respectively.
In the life insurance segment, Sarajevo-based Grawe Osiguranje ranked first with 8.6 million marka in premiums in January-March, up from 8 million marka in the same period of 2021. It was followed by Uniqa Osiguranje and Triglav Osiguranje, with life premiums of 7.4 million marka and 6.4 million marka, respectively.
At the end of March, 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 marks)
Grawe osiguranje dd Sarajevo is among the biggest insurers in SEE, for more reference take a look at Top 100 insurers