Serbia
Mirjana BOGICEVIC - new President of the Executive Board of Sava Non-Life Insurance Belgrade
On September 28, the Supervisory Board of Sava Non-Life Insurance Belgrade appointed Mirjana BOGICEVIC as President of the Executive Board, the company announced.
5 October 2020STATISTICS: Serbian insurers' GWP rises 8.52% in Q12020
The GWP of Serbian insurance companies increased 8.52% in Q1 2020, reaching RSD 26.94 billion ~EUR 229 million), NBS quarterly data showed.
16 July 2020SERBIA: severe flooding cause high losses, but insurers' exposure remains low
"Only two or three percent of households in Serbia are insured against floods, and property insurance has less than 10 percent of households", said the general secretary of the Insurers Association of Serbia, Dusko JOVANOVIC, quoted by osiguranje.hr.
25 June 2020COVID-19: GENERALI donates 100,000 euros to the Fire Eye laboratory and the Government of the Republic of Serbia
GENERALI announced it donated EUR 100,000 to the Government of the Republic of Serbia to support the healthcare system in the fight against COVID-19 pandemic and to the Fire Eye laboratory for the purchase of lab supplies and equipment, hygiene and disinfection supplies, office supplies and furniture, for the workers' compensation and for the development of research and training potential.
2 June 2020STATISTICS: SERBIA, FY2019: Local insurers reported positive y-o-y GWP changes
The Serbian insurance market reported a 7.5% y-o-y increase in FY2019 GWP to RSD 107.5 billion (EUR 914 million), according to the NBS's (National Bank of Serbia) year-end figures. Non-life insurance made up 76.7% of total GWP (RSD 82.4 billion, up by 8.2% y-o-y), while the share of life insurance premiums was 23.3.% (RSD 25.1 billion, up by 5.4% y-o-y).
7 May 2020SERBIA: Car dealer British Motors increased its stake in the smallest non-life insurer in the country
Belgrade-based British Motors, a Serbian car dealer, has increased its stake in the capital of local non-life insurer Globos osiguranje by 15.6% from 71.8% to 87.4% as a part of a buyout bid, wrote kamatika.com here.
21 April 2020Serbian insurers take action to support customers and community during the COVID-19 pandemic
Serbian insurers are playing an active role in the general effort of fighting the COVID-19 pandemic, both by supporting at their best their customers and providing financial contributions for the medical effort of fighting the epidemic.
16 April 2020DUNAV Osiguranje's gross profit almost doubled in 2019, the best result in the last three decades
In 2019, the year when it has celebrated 45 years of business under its current name, Serbian market's leader DUNAV Osiguranje recorded the best results in the last 30 years of its operations, Mirko PETROVIC, President of the Board, said at the Kopaonik Business Forum.
5 March 2020STATISTICS: SERBIA, 3Q2019: insurers' premiums rose 6% y-o-y
The GWP of Serbian insurers increased 5.9% year-on-year to RSD 79 billion (EUR 672 million*) in the first nine months of 2019, according to the most recent figures published on the website of National Bank of Serbia (NBS).
19 December 2019SERBIA: OTP Group acquired Societe Generale
The Serbian branch of OTP Group acquired Societe Generale Srbija, taking over the banking, insurance and leasing activities of the French group in Serbia.
3 October 2019STATISTICS: SERBIA, 1H2019: extreme weather's toll significantly increased insurers' claims expenses
Total GWP by Serbian insurers in the first half of 2019 amounted to EUR 455.6 million, 3.08% up y-o-y, mostly driven by the non-life segment.
19 September 2019Serbian insurer Dunav Osiguranje's profit rises in H1 - table
28 August 2019Serbian DUNAV Re's credit rating by AM Best upgraded to B+
AM Best has upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to "bbb-" from "bb+" of Serbian reinsurer Dunav Re a.d.o. Belgrade, a subsidiary of Dunav Insurance Company j.s.c. Belgrade. The outlook of the Credit Ratings (ratings) is stable.
6 August 2019Dunav Osiguranje's share of Serbian insurers' premium income rises in 2018 - table
9 July 2019STATISTICS: SERBIA, 1Q2019: Moderate business growth but accelerated in terms of claims
Serbian insurers ended 1Q2019 with total GWP worth RSD 24.83 billion (EUR 210.5 million), 0.5% up y-o-y, according to the most recent market statistics pubished by the National Bank of Serbia.
20 June 2019SERBIA: DUNAV supported AGROSIRM
DUNAV Osiguranje, a Serbian insurance company based in Belgrade and the largest non-life insurance company in the Serbian insurance market, for the second consecutive year supported the Srem Agricultural Fair - AGROSIRM, that was held on June 8-9, as the company stated on its website.
13 June 2019STATISTICS: SERBIA, FY2018: Top 3 largest insurers accounted for more than 60% of total market
Serbian insurance market ended 2018 with GWP worth EUR 845 million, up 7.6% y-o-y, a result supported mainly by the non-life insurance side, which saw an 8.5% increase to EUR 644 million.
18 April 2019CEO of Generali Osiguranje Srbija: Growth of Insurance Market is Inevitable
18 March 2019Generali Insurance Serbia in partnership with the Foundation Novak Djokovic helps parents in the early development of children
3 March 2019STATISTICS: SERBIA, 2008-2017 timeline: life insurance has doubled its share in the market portfolio
Serbia was one of few CEE insurance markets where the 2008 economic crisis was tackled with little sacrifice to market growth. The industry grew to EUR 195 million (+33%) from 2008 to 2017.
21 February 2019
