NOTES TO BOSNA RE Co. Ltd. ANNUAL REPORT FOR 2007

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NOTES TO BOSNA RE Co. Ltd. ANNUAL REPORT FOR 2007

ANNUAL REPORT 2007Graph 8Considering the fact that Bosnia and Herzegovina insurance market is priority for Bosna RE, the followinggraph gives comparison of reinsurance premium growth index in BH and insurance premium realised at thesame market. Although the reinsurance premium grows faster than insurance premium for the same period,none of these results is satisfying. The growth of the insurance premium volume is slow so it has not reachedyet the level from 1991. The reinsurance premium, more or less, follows this slow growth. After three years ofstagnation, reinsurance premium realised in 2007 recorded the best growth so far. However, it must be notedthat some 50% of this growth relates to actual growth of reinsurance premium while other 50% relates toreinsurance treaties that existed up to that time but with another reinsurer.36

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