UNIQA Osiguranje, the Bosnian subsidiary of UNIQA, has reported that its premium volume for the year 2007 increased by 26% to E13.6 million.
UNIQA Osiguranje said that this increase puts the growth of the company, which has been part of UNIQA Group since 2005, at over twice the market average of 12%. With this premium growth, the market share increased to roughly 9%.
In the non-life segment, UNIQA achieved a premium volume of E9.2 million in Bosnia, 24% more than 2006 premium volume. The area of life insurance exhibited even stronger growth with an increase of 32% to E4.4 million.
Senada Olevic, CEO of UNIQA Osiguranje, said: We are very pleased with our above-average growth, which we achieved purely organically, especially since it originates primarily from high-quality areas such as apartment and home insurance as well as life insurance.