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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Bosnia and Herzegovinian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Bosnia and Herzegovina's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Bosnia and Herzegovinian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Bosnia and Herzegovina's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Bosnia and Herzegovina's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Bosnia and Herzegovina, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Bosnia and Herzegovina, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Bosnia & Herzegovina with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Bosnia and Herzegovina is one of the six countries which emerged from the break-up of the former Yugoslavia in the 1990s. The country was divided into two ethnically based entities (the Federation and Republika Srpska/RS) at the end of the 1992-95 war, with predominantly Muslim and Croat insurers in the Federation and predominantly Serb insurers in RS. There are also foreign-owned insurers in both entities. Although insurers and intermediaries from one entity may establish branches in the other, BiH still does not constitute a "single economic space". There are separate insurance laws and supervisory bodies in each entity ....
This is a brief extract of information; more updated information may be available in the latest published report