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The Insurance Industry in Bosnia and Herzegovina, Key Trends and Opportunities to 2019

The Insurance Industry in Bosnia and Herzegovina, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Insurance Industry in Bosnia and Herzegovina, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Bosnian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Bosnian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Bosnia and Herzegovina, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Bosnian insurance industry, including:

  • The Bosnian insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Bosnian economy and demographics
  • The detailed competitive landscape in the Bosnian insurance industry
  • The various distribution channels in the Bosnian insurance industry
  • Details of regulatory policy applicable to the Bosnian insurance industry
  • Analysis of natural hazards in Bosnia and Herzegovina
Scope

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 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key segments in the Bosnian insurance industry, with market forecasts to 2019.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It analyzes the various distribution channels in Bosnia and Herzegovina.
  • It profiles the top insurance companies in Bosnia and Herzegovina and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Bosnian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Bosnian insurance industry.
  • Assess the competitive dynamics in the Bosnian insurance industry.
  • Identify growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Bosnian insurance industry and their impact on companies and the industry's future.
Key Highlights
  • Despite economic challenges and poor living standards, the insurance industry posted a review-period CAGR of 4.5%.
  • Rising public awareness of the benefits of insurance products and aggressive promotions by insurers supported the industry’s overall growth.
  • Factors such as aggressive promotions by life insurers, rising consumer awareness of savings products, and compulsory life insurance for bank loans supported life insurance’s growth during the review period.
  • Mandatory insurance classes dominate the industry; the motor category accounted for 80.1% of the non-life gross written premium in 2014.
  • The impletion of bonus-malus by the authority is expected to enable policyholders with good claims histories to benefit from discounts on premium renewals.
  • Insurance providers in Bosnia and Herzegovina demonstrated strong in-house underwriting expertise by ceding a limited proportion of revenues to reinsurance.
  • The introduction of new insurance products, business transparency and measures to spread awareness of the benefits of insurance are expected to raise the penetration and premium per capita levels over the forecast period.


  • Key Facts and Highlights
    • Table Bosnian Insurance Industry - Key Facts
  • Executive Summary
  • Economy and Demographics
    • Table Bosnian Government Credit Ratings
  • Bosnian Insurance Industry Overview
    • The Bosnian Insurance Industry
      • Table Bosnian Insurance - Gross Written Premium by Segment (BAM Million), 2010-2014
      • Table Bosnian Insurance - Gross Written Premium by Segment (US$ Million), 2010-2014
      • Table Bosnian Insurance - Gross Written Premium by Segment (BAM Million), 2014-2019
      • Table Bosnian Insurance - Gross Written Premium by Segment (US$ Million), 2014-2019
      • Table Bosnian Insurance - Segmentation by Gross Written Premium (% Share), 2010-2019
      • Table Bosnian Insurance - Direct Written Premium by Segment (BAM Million), 2010-2014
      • Table Bosnian Insurance - Direct Written Premium by Segment (US$ Million), 2010-2014
      • Table Bosnian Insurance - Direct Written Premium by Segment (BAM Million), 2014-2019
      • Table Bosnian Insurance - Direct Written Premium by Segment (US$ Million), 2014-2019
      • Table Bosnian Insurance - Segmentation by Direct Written Premium (%), 2010-2019
  • Life Insurance
    • Table Bosnian Life Insurance - Gross Written Premium (BAM Million), 2010-2014
    • Table Bosnian Life Insurance - Gross Written Premium (BAM Million), 2014-2019
    • Table Bosnian Life Insurance - Direct Written Premium (BAM Million), 2010-2014
    • Table Bosnian Life Insurance - Direct Written Premium (BAM Million), 2014-2019
    • Table Bosnian Life Insurance - Paid Claims (BAM Million), 2010-2014
    • Table Bosnian Life Insurance - Paid Claims (BAM Million), 2014-2019
    • Table Bosnian Life Insurance - Total Assets (BAM Million), 2010-2014
    • Table Bosnian Life Insurance - Total Assets (BAM Million), 2014-2019
    • Table Bosnian Life Insurance - Net Written Premium (BAM Million), 2010-2014
    • Table Bosnian Life Insurance - Net Written Premium (BAM Million), 2014-2019
  • Non-Life Insurance
    • Table Bosnian Non-Life Insurance - Gross Written Premium by Category (BAM Million), 2010-2014
    • Table Bosnian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
    • Table Bosnian Non-Life Insurance - Gross Written Premium by Category (BAM Million), 2014-2019
    • Table Bosnian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
    • Table Bosnian Non-Life Insurance - Direct Written Premium by Category (BAM Million), 2010-2014
    • Table Bosnian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
    • Table Bosnian Non-Life Insurance - Direct Written Premium by Category (BAM Million), 2014-2019
    • Table Bosnian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
    • Table Bosnian Non-Life Insurance - Paid Claims (BAM Million), 2010-2014
    • Table Bosnian Non-Life Insurance - Paid Claims (BAM Million), 2014-2019
    • Table Bosnian Non-Life Insurance - Total Assets (BAM Million), 2010-2014
    • Table Bosnian Non-Life Insurance - Total Assets (BAM Billion), 2014-2019
    • Table Bosnian Non-Life Insurance - Net Written Premium (BAM Million), 2010-2014
    • Table Bosnian Non-Life Insurance - Net Written Premium (BAM Million), 2014-2019
    • Property Insurance
      • Table Bosnian Property Insurance - Gross Written Premium (BAM Million), 2010-2014
      • Table Bosnian Property Insurance - Gross Written Premium (BAM Million), 2014-2019
    • Motor Insurance
      • Table Bosnian Motor Insurance - Gross Written Premium (BAM Million), 2010-2014
      • Table Bosnian Motor Insurance - Gross Written Premium (BAM Million), 2014-2019
    • Liability Insurance
      • Table Bosnian Liability Insurance - Gross Written Premium (BAM Million), 2010-2014
      • Table Bosnian Liability Insurance - Gross Written Premium (BAM Million), 2014-2019
    • Marine, Aviation and Transit Insurance
      • Table Bosnian Marine, Aviation and Transit Insurance - Gross Written Premium (BAM Million), 2010-2014
      • Table Bosnian Marine, Aviation and Transit Insurance - Gross Written Premium (BAM Million), 2014-2019
  • Personal Accident and Health Insurance
    • Table Bosnian Personal Accident and Health Insurance - Gross Written Premium by Category (BAM Million), 2010-2014
    • Table Bosnian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
    • Table Bosnian Personal Accident and Health Insurance - Gross Written Premium by Category (BAM Million), 2014-2019
    • Table Bosnian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
    • Table Bosnian Personal Accident and Health Insurance - Direct Written Premium by Category (BAM Million), 2010-2014
    • Table Bosnian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
    • Table Bosnian Personal Accident and Health Insurance - Direct Written Premium by Category (BAM Million), 2014-2019
    • Table Bosnian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
    • Table Bosnian Personal Accident and Health Insurance - Paid Claims (BAM Million), 2010-2014
    • Table Bosnian Personal Accident and Health Insurance - Paid Claims (BAM Million), 2014-2019
    • Table Bosnian Personal Accident and Health Insurance - Total Assets (BAM Million), 2010-2014
    • Table Bosnian Personal Accident and Health Insurance - Total Assets (BAM Million), 2014-2019
    • Table Bosnian Personal Accident and Health Insurance - Net Written Premium (BAM Million), 2010-2014
    • Table Bosnian Personal Accident and Health Insurance - Net Written Premium (BAM Million), 2014-2019
    • Personal Accident Insurance
      • Table Bosnian Personal Accident Insurance - Gross Written Premium (BAM Million), 2010-2014
      • Table Bosnian Personal Accident Insurance - Gross Written Premium (BAM Million), 2014-2019
    • Health Insurance
      • Table Bosnian Health Insurance - Gross Written Premium (BAM Million), 2010-2014
      • Table Bosnian Health Insurance - Gross Written Premium (BAM Million), 2014-2019
    • Travel Insurance
      • Table Bosnian Travel Insurance - Gross Written Premium (BAM Thousand), 2010-2014
      • Table Bosnian Travel Insurance - Gross Written Premium (BAM Thousand), 2014-2019
  • Reinsurance
    • Table Bosnian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (BAM Million), 2010-2014
    • Table Bosnian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
    • Table Bosnian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (BAM Million), 2014-2019
    • Table Bosnian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014-2019
    • Table Bosnian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
    • Table Bosnian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
    • Table Bosnian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
    • Table Bosnian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
  • Distribution Channel Analysis
  • Natural Hazards
    • Table Bosnian Average Annual Loss by Hazard
    • Floods
    • Droughts and Extreme Temperatures
    • Landslides
    • Exposure
  • Competitive Landscape
    • Overview
      • Table Bosnian Insurance - Industry Shares, 2014
      • Table Bosnian Life Insurance - Segment Shares, 2014
      • Table Bosnian Non-Life Insurance - Segment Shares, 2014
    • Leading Companies
      • Sarajevo-osiguranje dd - company overview
        • Table Sarajevo-Osiguranje dd - Key Facts
      • Uniqa osiguranje dd - company overview
        • Table Uniqa Osiguranje dd - Key Facts
      • Euroherc osiguranje dd - company overview
        • Table Euroherc Osiguranje dd - Key Facts
      • Bosna-Sunce osiguranje dd - company overview
        • Table Bosna-Sunce Osiguranje dd - Key Facts
      • Croatia osiguranje dd - company overview
        • Table Croatia Osiguranje dd - Key Facts
  • Governance, Risk and Compliance
    • Table Bosnia and Herzegovina - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Bosnia and Herzegovina - Life Insurance Regulatory Framework
      • Property insurance
        • Table Bosnia and Herzegovina - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Bosnia and Herzegovina - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Bosnia and Herzegovina - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Social security system
    • Supervision and Control
      • Insurance Supervisory Agency of Federation of Bosnia and Herzegovina
      • Insurance Agency of Bosnia and Herzegovina
      • Insurance Agency of the Republic of Srpska
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Bosnia and Herzegovina - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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