Serbian insurers ended 1Q2026 with total GWP worth RSD 50.22 billion (EUR 427.73 million), which is 11.4% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).

The market is dominated by non-life insurance, which generates 82.94% of all premiums. The largest non-life classes with double-digit market shares – are MTPL, damages to property, health insurance and Motor Hull, have all recorded y-o-y positive growth. Life insurance also increased at a double-digit rate (11.13%), maintaining its share in the market portfolio of 17.06%.

Total paid claims increased by over 17%% to RSD 24.5 billion (EUR 208.9 million), driven by increases reported on almost all main insurance subclasses. Motor insurance paid claims rose by 11.6% (16.66% for MTPL), while in property insurance, the damages to property LoB saw a 28.9% increase of the claims expenses, leading to a 15.8% overall growth of the payments made by Serbian companies for property insurance claims.

In GWP terms, DUNAV Osiguranje remains the market leader, with a 25.5% market share, followed by GENERALI Osiguranje with a 19.8% market share, and DDOR (10.10%).

Access www.xprimm.com and download the Serbian insurance market statistics.