Insurer Raiffeisen Osiguranje Sarajevo Changes Name into UNIQA

21. Juni 2006, 00:00

As of Wednesday Raiffeisen Osiguranje UNIQA Sarajevo started business operations under the name UNIQA Osiguranje...

As of Wednesday Raiffeisen Osiguranje UNIQA Sarajevo started business operations under the name UNIQA Osiguranje Sarajevo.

The decision on the name change was made by the general assembly of this company. UNIQA Group Austria began taking over Raiffeisen Osiguranje Sarajevo in May 2005 and rounded off this process when it acquired 97 per cent of shares in October 2005.

Last year, Raiffeisen Osiguranje UNIQA earned EUR 267,433 (BAM 521,495), while its overall income amounted to EUR 11.35 million (BAM 22.14 million), which is 27.31 per cent more than in 2004.

In the beginning of this year, Raiffeisen Osiguranje UNIQA continued with the positive growth. Its gross premium in the first five months of 2006 amounted to EUR 3.88 million (BAM 7.56 million), which is 22.8 per cent more than in the same period last year.

Last year, this company ranked fifth in Bosnia and Herzegovina, with a market share of 7.01 per cent.

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