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

Date: 2015-09

Bosnia and Herzegovinaโ€™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 (2008โˆ’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 industryโ€™s written premiums in 2012, while motor insurance accounted for 59.9%. The growth can also be attributed to providersโ€™ 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.

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