The Insurance Industry in Bosnia and Herzegovina, Key Trends and Opportunities to 2017

From: Fast Market Research, Inc.
Published: Wed Jan 29 2014

Bosnia and Herzegovina's insurance industry grew in terms of written premium value from BAM453.1 million (US$339.3 million) in 2008 to BAM505.1 million (US$331.8 million) in 2012, at a review-period (2008-2012) compound annual growth rate (CAGR) of 2.8%. The growth was largely due to the strong performance of compulsory insurance classes. Motor third-party liability insurance accounted for 48.5% of the industry's written premiums in 2012, while motor insurance accounted for 59.9%. The growth can also be attributed to providers' conservative approaches towards investing in capital markets. Insurers invest a small proportion of their revenues in the capital market, which protected the industry from large-scale losses due to market fluctuation or political or economic crisis.

Full Report Details at

Key Highlights

* Bosnia and Herzegovina's insurance providers have been relatively conservative when investing in the capital market. Consequently, these companies did not post significant losses during the financial crisis.
* Bosnia and Herzegovina's insurance industry growth was somewhat weakened due to challenging economic and political conditions during the review period.
* Despite the noticeable growth, the industry remains underdeveloped and provides an opportunity for global investors.
* The non-life insurance segment accounted for 74.7% of the industry's premiums in 2012, followed by the life segment with 17.1% and the personal accident and health segment with 8.2%.
* Bosnia and Herzegovina's insurance industry is relatively concentrated. In 2012, there were 25 operational licensed insurance companies and one reinsurance company.
* Of the 25, one provided life insurance, 14 provided non-life insurance, nine were composite insurers, and one carried out life, non-life and reinsurance.


This report provides a comprehensive analysis of the insurance industry in Bosnia and Herzegovina:

* It provides historical values for the Bosnian insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period.
* It offers a detailed analysis of the key segments and categories in the Bosnian insurance industry, along with forecasts until 2017.
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
* It profiles the top insurance companies in Bosnia and Herzegovina, and outlines the key regulations affecting them.

Reasons to Get this Report

* Make strategic business decisions using in-depth historic and forecast industry data related in the Bosnian insurance industry and each segment within it.
* Understand the demand-side dynamics, key trends and growth opportunities within the Bosnian insurance industry.

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