The Bosnian subsidiary UNIQA Osiguranje d.d. succeeded in increasing the premium volume accounted by 24.8% to Euros 17 million (33.2 Mio. BAM) according to preliminary data. This puts the growth of this company, which has been part of UNIQA Group since 2005, at over twice the market average of 12.9%. With this exceptional premium growth, the market share increased to roughly 10%, making UNIQA number 4 among the 15 insurance companies currently operating in Federation of Bosnia and Herzegovina.
In the non-life segment, UNIQA achieved a premium volume of EUR 11.0 million (21.5 Mio. BAM) in Bosnia, 19.2% (market: +11.7%) more than in the previous year. The area of life insurance exhibited even stronger growth with an increase of 36.3% (market: +19.1%) to EUR 6.0 million (11.8 Mio. BAM). With a market share of 20%, UNIQA Osiguranje is currently the third-largest life insurance company in Bosnia.
Senada Olevic, CEO of UNIQA Osiguranje: "We are very pleased with our above-average growth, which we achieved purely organically. In 2008 we improved our market position by two places and we are now the 4th biggest insurance company on the Bosnian market. We intend to excel in all our segments with new products during the coming year and are also planning to keep on going the dynamic expansion of our sales network."
In addition to the two regional administrative offices in Sarajevo and Tuzla, UNIQA Osiguranje d.d. is represented by more than 30 branches throughout the entire Federation of Bosnia and Herzegovina. More than 180 salaried employees service more than 23,000 customers.