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

Published: Jan, 2014 | Pages: 112 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
The report provides in-depth industry analysis, information and insights of the insurance industry in Bosnia and Herzegovina, including:
The Bosnian insurance industry's growth prospects by insurance segments and categories
The competitive landscape in the Bosnian insurance industry
The current trends and drivers of the Bosnian insurance industry
Challenges facing the Bosnian insurance industry
The regulatory framework of the Bosnian insurance industry

Summary
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.
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 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.
Reason To Buy
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.
Assess the competitive dynamics in the the Bosnian insurance industry.
Identify the growth opportunities and market dynamics within key segments.
Gain insights into key regulations governing the Bosnian insurance industry and its impact on companies and the industry's future.
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.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Bosnian Insurance Industry Overview
3.1 Bosnian Insurance Industry
3.2 Key Industry Trends and Drivers
3.3 Challenges
3.4 Regulations
4 Market Segmentation
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Liability insurance
4.2.4 Marine, aviation and transit insurance
4.3 Persol Accident and Health Insurance
4.3.1 Persol accident insurance
4.3.2 Health insurance
4.3.3 Travel insurance
4.4 Reinsurance
5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Sarajevo Osiguranje - company overview
5.2.2 BSO - company overview
5.2.3 Euroherc Osiguranje - company overview
5.2.4 Uniqa Insurance dd Sarajevo - company overview
6 Economic Indicators
6.1 GDP at Constant Prices (US$)
6.2 GDP per Capita at Constant Prices (US$)
6.3 GDP at Current Prices (US$)
6.4 GDP per Capita at Current Prices (US$)
6.5 GDP by Key Segments
6.6 Construction Net Output at Current Prices, (US$)
6.7 Construction Net Output at Current Prices as a Percentage of GDP
6.8 Inflation Rate
6.9 Exports as a Percentage of GDP
6.1 Imports as a Percentage of GDP
6.11 Automotive Exports - Total Value
6.12 Automotive Imports - Total Value
6.13 Labor Force
6.14 Total population
7 Appendix
7.1 Methodology
7.2 Contact Timetric
7.3 About Timetric
7.4 Timetric's Services
7.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Bosnian Insurance - Overall Written Premium by Segment (BAM Million), 2008-2012
Table 3: Bosnian Insurance - Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Bosnian Insurance Overall Written Premium by Segment (BAM Million), 2012-2017
Table 5: Bosnian Insurance Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Bosnian Insurance Segmentation (Percentage Share), 2008-2017
Table 7: Bosnian Life Insurance - Gross Written Premium (BAM Million), 2008-2012
Table 8: Bosnian Life Insurance- Gross Written Premium (BAM Million), 2012-2017
Table 9: Bosnian Life Insurance - Paid Claims (BAM Million), 2008-2012
Table 10: Bosnian Life Insurance - Paid Claims (BAM Million), 2012-2017
Table 11: Bosnian Life Insurance - Incurred Loss (BAM Million), 2008-2012
Table 12: Bosnian Life Insurance - Incurred Loss (BAM Million), 2012-2017
Table 13: Bosnian Life Insurance - Loss Ratio (%), 2008-2012
Table 14: Bosnian Life Insurance - Loss Ratio (%), 2012-2017
Table 15: Bosnian Life Insurance - Combined Ratio (%), 2008-2012
Table 16: Bosnian Life Insurance - Combined Ratio (%), 2012-2017
Table 17: Bosnian Life Insurance - Retentions (BAM Million), 2008-2012
Table 18: Bosnian Life Insurance - Retentions (BAM Million), 2012-2017
Table 19: Bosnian Non-Life Insurance - Written Premium by Category (BAM Million), 2008-2012
Table 20: Bosnian Non-Life Insurance - Written Premium by Category (US$ Million), 2008-2012
Table 21: Bosnian Non-Life Insurance - Written Premium by Category (BAM Million), 2012-2017
Table 22: Bosnian Non-Life Insurance - Written Premium by Category (US$ Million), 2012-2017
Table 23: Bosnian Non-Life Insurance - Paid Claims (BAM Million), 2008-2012
Table 24: Bosnian Non-Life Insurance - Paid Claims (BAM Million), 2012-2017
Table 25: Bosnian Non-Life Insurance - Incurred Loss (BAM Million), 2008-2012
Table 26: Bosnian Non-Life Insurance - Incurred Loss (BAM Million), 2012-2017
Table 27: Bosnian Non-Life Insurance - Loss Ratio (%), 2008-2012
Table 28: Bosnian Non-Life Insurance - Loss Ratio (%), 2012-2017
Table 29: Bosnian Non-Life Insurance - Combined Ratio (%), 2008-2012
Table 30: Bosnian Non-Life Insurance - Combined Ratio (%), 2012-2017
Table 31: Bosnian Non-Life Insurance - Retentions (BAM Million), 2008-2012
Table 32: Bosnian Non-Life Insurance - Retentions (BAM Million), 2012-2017
Table 33: Bosnian Property Insurance - Written Premium (BAM Million), 2008-2012
Table 34: Bosnian Property Insurance - Written Premium (BAM Million), 2012-2017
Table 35: Bosnian Motor Insurance - Written Premium (BAM Million), 2008-2012
Table 36: Bosnian Motor Insurance - Written Premium (BAM Million), 2012-2017
Table 37: Bosnian Liability Insurance - Written Premium (BAM Million), 2008-2012
Table 38: Bosnian Liability Insurance - Written Premium (BAM Million), 2012-2017
Table 39: Bosnian Marine, Aviation and Transit Insurance - Written Premium (BAM Million), 2008-2012
Table 40: Bosnian Marine, Aviation and Transit Insurance - Written Premium (BAM Million), 2012-2017
Table 41: Bosnian Persol Accident and Health Insurance - Written Premium by Category (BAM Million), 2008-2012
Table 42: Bosnian Persol Accident and Health Insurance - Written Premium by Category (US$ Million), 2008-2012
Table 43: Bosnian Persol Accident and Health Insurance - Written Premium by Category (BAM Million), 2012-2017
Table 44: Bosnian Persol Accident and Health Insurance - Written Premium by Category (US$ Million), 2012-2017
Table 45: Bosnian Persol Accident and Health Insurance - Paid Claim (BAM Million), 2008-2012
Table 46: Bosnian Persol Accident and Health Insurance - Paid Claim (BAM Million), 2012-2017
Table 47: Bosnian Persol Accident and Health Insurance - Incurred Loss (BAM Million), 2008-2012
Table 48: Bosnian Persol Accident and Health Insurance - Incurred Loss (BAM Million), 2012-2017
Table 49: Bosnian Persol Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 50: Bosnian Persol Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 51: Bosnian Persol Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 52: Bosnian Persol Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 53: Bosnian Persol Accident and Health Insurance - Retentions (BAM Million), 2008-2012
Table 54: Bosnian Persol Accident and Health Insurance - Retentions (BAM Million), 2012-2017
Table 55: Bosnian Persol Accident Insurance - Written Premium (BAM Million), 2008-2012
Table 56: Bosnian Persol Accident Insurance - Written Premium (BAM Million), 2012-2017
Table 57: Bosnian Health Insurance - Written Premium (BAM Million), 2008-2012
Table 58: Bosnian Health Insurance - Written Premium (BAM Million), 2012-2017
Table 59: Bosnian Travel Insurance - Written Premium (BAM Million), 2008-2012
Table 60: Bosnian Travel Insurance - Written Premium (BAM Million), 2012-2017
Table 61: Bosnian Reinsurance Ceded by Insurance Segment (BAM Million), 2008-2012
Table 62: Bosnian Reinsurance Ceded by Insurance Segment (US$ Million), 2008-2012
Table 63: Bosnian Reinsurance Ceded by Insurance Segment (BAM Million), 2012-2017
Table 64: Bosnian Reinsurance Ceded by Insurance Segment (US$ Million), 2012-2017
Table 65: Bosnian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 66: Bosnian Life Insurance - Percentage of Reinsurance Ceded (%),2012-2017
Table 67: Bosnian Non-life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 68: Bosnian Non-life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 69: Bosnian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 70: Bosnian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 71: Bosnian Insurance Industry Shares, 2011 and 2012
Table 72: Sarajevo Osiguranje, Main Products
Table 73: BSO, Main Products
Table 74: Euroherc Osiguranje, Main Products
Table 75: Uniqa Insurance dd Sarajevo, Main Products