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News5050 – Industry Reports
June 13, 2016
[/fusion_builder_column][fusion_builder_column type=”1_3″ spacing=’yes’ last=’yes’ background_color=” background_image=” background_repeat=’no-repeat’ background_position=’left top’ border_size=’0px’ border_color=” border_style=’solid’ padding=” class=” id=”][fusion_button link=’http://www.researchandexperts.com/Bosnia and Herzegovina/service-industries-insurance/report/00RV-IS1216MR/’ color=’orange’ size=’large’ type=’flat’ shape=’pill’ target=’_blank’ title=’The Insurance Industry in Bosnia and Herzegovina, Key Trends and…’ gradient_colors=’|’ gradient_hover_colors=’|’ accent_color=” accent_hover_color=” bevel_color=” border_width=’1px’ shadow=” icon=’fa-search’ icon_divider=’yes’ icon_position=’left’ modal=” animation_type=’0′ animation_direction=’down’ animation_speed=’0.1′ alignment=’left’ class=” id=”]View report[/fusion_button][/fusion_builder_column]
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.
o 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.
o It offers a detailed analysis of the key segments in the Bosnian insurance industry, with market forecasts to 2019.
o It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
o It analyzes the various distribution channels in Bosnia and Herzegovina.
o It profiles the top insurance companies in Bosnia and Herzegovina and outlines the key regulations affecting them.
o Rising public awareness of the benefits of insurance products and aggressive promotions by insurers supported the industry’s overall growth.
o 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.
oMandatory insurance classes dominate the industry; the motor category accounted for 80.1% of the non-life gross written premium in 2014.
o The impletion of bonus-malus by the authority is expected to enable policyholders with good claims histories to benefit from discounts on premium renewals.
o Insurance providers in Bosnia and Herzegovina demonstrated strong in-house underwriting expertise by ceding a limited proportion of revenues to reinsurance.
o 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.
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