Bosnia and Herzegovina

Life Report

Product Insurance Market Reports Life Rev Bosnia And Herzegovina

Key Highlights

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  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Bosnia & Herzegovina's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Bosnia & Herzegovina's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Bosnia & Herzegovina

The Bosnia & Herzegovina life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Bosnia & Herzegovina.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Bosnia & Herzegovina and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Bosnia & Herzegovina’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Bosnia & Herzegovina is available.

Axco’s report describes the regulatory framework that applies to the Bosnia & Herzegovina domestic life insurance sector, including whether non-admitted insurance is permitted in Bosnia & Herzegovina; as well as the legislation necessary to know regarding Bosnia & Herzegovina’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Bosnia and Herzegovina with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Bosnian and Herzegovinan market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Bosnia & Herzegovina, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Bosnian & Herzegovinan pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Bosnia and Herzegovina report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Bosnia & Herzegovina Life and Benefits Report Extract

Below are brief extracts of information from the Bosnia and Herzegovina Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Summary and Trends

The life market of Bosnia and Herzegovina (BiH) is small, generating premiums of BAM 158.44mn in 2019. The market shrank by 1.3% in 2020, partly due to the effects of the COVID-19 pandemic. The only significant individual life products in BiH are with profit endowments and credit life. Because of their ability to generate both commissions and protection riders, insurers and ...


Summary and Trends

Despite the clear need for private pension provision, it took until 2009 for the government of RS to provide a regulatory framework for voluntary private pensions and until 2016 for the Federation to do so. Legislation in the two entities is quite similar, allowing open or closed pension funds to be established by authorised pension management companies...


Summary and Trends

In 2019, health insurance premiums, including travel health, amounted to BAM 12.11mn. Because there are no private hospitals in BiH, PMI is mainly confined to medical check-ups, specialist consultations and diagnostics, most of which can be provided more quickly and to a higher standard in the private sector. This cover is known locally as additional health insurance (AHI). More expensive policies may also cover ...

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