In Serbia Uniqa has ended the third quarter of 2013 with a market share of 7.3 per cent. Uniqa Serbia therefore posted the highest growth of the five largest insurance companies in the country. Premium volume rose by 7.4% year-on-year in the third quarter of 2013 to RSD 3.6 billion / 32 million euros (1-9 / 2012: RSD 3.3 billion / 30 million euros), while the market itself added only 2.9 per cent. With a market share of 7.3 per cent, Uniqa Serbia consolidated its market ranking as fifth.
Uniqa Serbia grew particularly well in life insurance with an increase of 18.5 per cent in premium volume. This figure amounted to RSD 813 million / 7 million euros in the third quarter of 2013 (1-9 / 2012: RSD 687 million / 6 million euros). The market itself did not rise above 9.8 per cent in the same period. In the life division the company increased its market share by 0.7 percentage points to 8.9 per cent and therefore took fifth place.
Uniqa Serbia also performed significantly better than the competition in non-life: Its market share here rose by 0.2 percentage points to almost 7 per cent. Thus, Uniqa was the only one of the top four insurance companies to gain market share. With a push in premiums of 4.6 per cent, Uniqa moreover grew three times as much as the market (premium growth of 1.4 per cent in Q3 2013).
Uniqa Serbia has more than 31 locations throughout the country. These include the head office in Belgrade and four general agencies. Around 500 employees to serve approximately 490,000 customers.
The Serbian insurance market in figures
The Serbian market is shared by 20 insurance companies, and Uniqa ranks among the five largest in the country. The life area has expanded strongly since 2009 and has accounted for more than 19 per cent of the market since 2012. The non-life area has contracted, however, with 80.7 per cent of premiums relating to this area. The total premium volume in 2012 was RSD 61.5 billion (550 million euros). In 2012, each of Serbia's more than seven million inhabitants spent an average of RSD 8,536 (76 Euro) on insurance. Austrians budgeted around 1,930 Euro on average for insurance in 2012.
Uniqa
The Uniqa Group is one of the leading insurance groups in its core markets of Austria and Central and Eastern Europe. 22,000 employees and associates serve 9.2 million customers in 19 countries. In Uniqa and Raiffeisen Insurance, we possess two strong brands that offer us a very good basis for our further growth. Uniqa operates in 15 countries in Central and Eastern Europe (CEE): Albania, Bosnia and Herzegovina, Bulgaria, Kosovo, Croatia, Macedonia, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, the Czech Republic, Ukraine and Hungary. Insurance companies in Italy, Switzerland and Liechtenstein are also members of the Uniqa Group.
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UNIQA SERBIA continues to grow
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