Bosnia and Herzegovina
BOSNIAN insurer Bosna Sunce Osiguranje to absorb local peer Zovko
Bosnian insurer Bosna Sunce Osiguranje said on Wednesday it will absorb its local peer Zovko Osiguranje after acquiring a 100% shareholding interest in the company.
8 January 2018BOSNIA: Bosna Sunce Osiguranje takes steps to acquire Zovko Osiguranje
According to the Bosnian national competition authority, insurer Bosna Sunce Osiguranje has filed a request to acquire a majority shareholding interest in its local peer Zovko Osiguranje, SeeNews reports.
20 December 2017STATISTICS: BiH, 3Q2017: Three insurers with close results. Who will be the market leader at the end of 2017?
The 27 Bosnian insurers reported aggregate 3Q2017 GWP of BAM 518.2 million (~EUR 265 million), up by 8.1% y-o-y, according to the most recent market figures published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.
7 December 2017BOSNIAN insurer ASA Osiguranje's 9-mo net profit rises
The net profit of Bosnian insurer ASA Osiguranje increased to 776,399 marka in the first nine months of 2017, from 608,804 marka in the prior-year period, the company said on Monday.
5 December 2017STATISTICS: Bosnia, 1H2017: Insurers based in Srpska Rep. increased their share to about one third of the market
The insurance market of Bosnia and Herzegovina continued its ascending path during the first half of 2017, recording a 8.9% increase in GWP, to EUR 176.4 million.
12 October 2017BOSNIA's Bosna Sunce Osiguranje H1 net profit more than double
Bosnian insurer Bosna Sunce Osiguranje said on Thursday its net profit leapt to 2.4 million marka (USD1.5 million/1.2 million euro) in the first six months of 2017, from 1.0 million marka in the prior-year period.
7 September 2017BOSNIAN insurer ASA Osiguranje's H1 net profit rises
Bosnian insurer ASA Osiguranje said on Wednesday its net profit rose to 519,121 marka (265,422 euro) in the first half of 2017, from 408,714 marka in the like period of last year.
31 August 2017BOSNIA's Sarajevo Osiguranje increases H1 net profit
The net profit of Bosnian insurer Sarajevo Osiguranje grew to 389,900
marka (199,400 euro) in the first half of 2017 from 50,300 marka a year
earlier, the company said. Sarajevo Osiguranje's gross written premiums
rose 0.3% to 29.8 million marka in January-June, while its operating
costs dropped to 11.0 million marka from 11.4 million marka, the
insurance company said in a filing with the Sarajevo Stock Exchange on
Tuesday.
7 August 2017BOSNIAN competition agency approves takeover of VGT Osiguranje by GRAWE
Bosnia's competition agency said it has approved the takeover of local insurer VGT Osiguranje by Austrian peer GRAWE.
20 July 2017STATISTICS: Double-digit increase for the BOSNIAN market thanks to the RS-based insurers' results
In 1Q2017 the aggregate GWP of the 27 insurers operating in Bosnia and Herzegovina was up by 11.41% y-o-y, to EUR 83.38 million (BAM 163.07 million), as the figures published by AZOBIH - Insurance Agency of Bosnia and Herzegovina show.
29 June 2017EBRD pioneers private pension management in Bosnia and Herzegovina
The EBRD is pioneering the development of private pension management in Bosnia and Herzegovina with an equity investment in the European Voluntary Pension Fund Management Company (EPF) together with Skupna pokojninska dru
27 June 2017BOSNIA: Triglav INT's buyout bid for Bosnia's Triglav Osiguranje fails
The buyout bid launched by Slovenian holding company Triglav INT, a member of the country's biggest insurer Zavarovalnica Triglav, for the 12% stake it does not already own in Bosnian insurance company Triglav Osiguranje [SAJ:BHOSR] has failed, the latter said on Tuesday.
17 May 2017STATISTICS: BOSNIAN insurers' GWP up by 6.4% in 2016
The aggregate GWP of the 27 insurers operating in Bosnia & Herzegovina increased by 6.4% y-o-y to BAM 634.1 million (EUR 324.2 million), as data from the local insurance agency - AZOBIH show.
20 April 2017BOSNIA's Sarajevo Osiguranje net profit drops sharply in 2016
The net profit of Bosnian insurer Sarajevo Osiguranje dropped to 55,000
marka (28,100 euro) in 2016 from 451,600 marka a year earlier, the
company said.
13 April 2017Sale of Bosnian SARAJEVO Insurance Company raises heated discussions
FBiH Government's green light for the sale of its 45.5% stake in SARAJEVO Insurance has caused an avalanche of criticism, mostly related to the target price set for the transaction.
13 April 2017BOSNIA's Federation to sell stake in Sarajevo Osiguranje via direct talks
Bosnia's Muslim-Croat Federation said it has decided to dispose of its 45.5% stake in local insurer Sarajevo Osiguranje via direct negotiations, following five failed sales attempts.
29 March 2017BOSNA Re gave up its shareholding in the Bosnian unit of the TRIGLAV Group
BOSNA Reinsurance dd Sarajevo gave up its stake in TRIGLAV Osiguranje dd Sarajevo, the Bosnian subsidiary of the Slovene TRIGLAV Group, reads osiguranje.hr. BOSNA Reinsurance Company sold the package of 20.28% of the shares on the Sarajevo Stock Exchange on 18 January.
27 January 2017STATISTICS: BOSNIA, 3Q: 8% y-o-y increase in GWP and a new market leader
Based on the figures released by AZOBIH - Insurance Agency of Bosnia and Herzegovina, at the end of September 2016 the aggregate value of GWP by the 27 insurers active in Republika Srpska and Federation of Bosnia and Herzegovina - the two administrative entities of the country, was of EUR 245.2 million, or 7.9% more y-o-y, while the value of claims paid was down by 5.2% y-o-y, to EUR 90.9 million.
12 January 2017STATISTICS: BOSNIA, 1H2016: Motor lines generate about 80% of the non-life insurer's expenses for claims
The aggregate GWP value generated by the Bosnian insurers was up by 7.86% y-o-y to BAM 316.90 million (EUR 162.03 million) in the first half of 2016, according to the figures provided by the two market authorities (NADOS - Insurance Supervisory Agency of FBiH and AZORS - Insurance Agency of RS). About 71% of total GWP were made by the 12 insurance companies which are registered in the FBiH (or EUR 115 million) the remaining 29% (EUR 47 million) being reported by the 13 RS insurers.
1 September 2016BOSNIA's insurer Sarajevo Osiguranje completes 3-mo restructuring process
Bosnian insurer Sarajevo Osiguranje said on Tuesday it has completed a three month restructuring process, ordered by the insurance agency of the Muslim-Croat Federation, under which it reduced the number of branch offices and employees, and cut costs.
31 August 2016
