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The first private insurance company in Bosnia ended 2010 with 16% increase

The Bosnian insurance company VGT Osiguranje closed 2010 with a 16% growth in the gross underwritten premiums, in comparison with 2009. According to the company's officials, the increase is due to an operational extension in the whole country, as well as to offering more protection products for small and medium enterprises.

"The financial indicators speak for themselves. The management policy adopted last year was a good choice and kept us among the top companies on the market", specified Amir ZAKIC, CEO, VGT Osiguranje.

Another successful policy concerned portfolio diversification, aiming for predominantly marketing the voluntary insurance products: "We had a good cooperation with our customers, their number increasing significantly for signing voluntary insurance contracts for property, households, goods and casualty", added ZAKIC.

VGT Osiguranje is the first private insurance company in Bosnia, founded 15 years ago.

Article written with the support of Dejan GJORGJIJOVSKI, Correspondent, Macedonia

Author: Vlad BOLDIJAR on 24.01.2011

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