Serbia
STATISTICS: SERBIA 1H2026: stable growth while the insurance gap still persists
Serbian insurers ended 1H2026 with total GWP worth RSD 104.32 billion (EUR 888.85 million), which is 6.87% more y-o-y in local currency, according to the end-quarter statistics published by the National Bank of Serbia (NBS).
SERBIA: Consolidated net profit of Serbia's Dunav Osiguranje rises 31% in the first half of the year
Serbian insurer Dunav Osiguranje’s consolidated net profit rose by 31% on the year in the first half of 2026 to RSD 3.9 billion (EUR 33 million).
SERBIA: EVs bring higher claims costs and require new insurance pricing models
The growing use of electric vehicles is bringing new risks, higher claims costs and longer repair times, requiring insurers to adjust their risk assessment, underwriting and pricing models, Serbian insurance executives said during the EV Days conference held on September 10-11 in Novi Sad.
STATISTICS: SERBIA 1Q2026: motor and property insurance are setting the market trend
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).
SERBIA: OMR Group’s acquisition of Swiss reinsurer is strategic for further European expansion
STATISTICS: SERBIA FY2025: corporate and household assets is double-digit, but the share of households in premiums is still very low
Serbian insurers ended 2025 with total GWP worth EUR 1.63 billion, which is ~ 7.7% more y-o-y, according to statistical data published by the National Bank of Serbia (NBS). Paid claims increased at a lower pace, reaching EUR 776.23 million.
STATISTICS: SERBIA 3Q2025: no significant change in the market portfolio
Serbian insurers ended 3Q2025 with total GWP worth RSD 143.8 billion (EUR 1.22 billion), which is ~ 8.4% more y-o-y, according to statistical data published by the National Bank of Serbia (NBS). Paid claims increased at a similar pace, reaching RSD 64.42 billion (EUR 549.7 million).
SERBIA: 9th Serbian Insurance Days: there is a lot of potential for market development
The market is dominated by non-life insurance with 83.7%, said Željko Jović, Vice Governor of the NBS (National Bank of Serbia), at the 9th Serbian Insurance Days which took place on November 26 and 27 at the Zlatibor Hotel in Zlatibor.
SERBIA: The first joint conference of the Serbian Chamber of Commerce, the Serbian Banking Association and the Serbian Insurance Association held in September
The conference under the title "Key Trends in the Financial and Real Sectors", held at the Zlatibor Hotel in Zlatibor from September 22-24, represents the first result of the Cooperation Agreement signed by the three institutions in June, the Insurance Association reports.
SERBIA: Consolidated net profit of Dunav Osiguranje jumps by 54% in 1H
According to the Serbian state-controlled insurer Dunav Osiguranje, its consolidated net profit rose by 54% on the year in the first six months of 2025 to RSD 2.9 billion (EUR 24.8 million), SeeNews writes.
STATISTICS: SERBIA 1H2025: Top 3 insurers control almost 60% of the market
Serbian insurers ended 1H2025 with total GWP worth RSD 97.6 billion (EUR 833 million), which is almost 10% more y-o-y, according to statistical data published by the National Bank of Serbia (NBS). Paid claims increased at a similar pace, reaching RSD 42.17 billion (EUR 360 million). The market portfolio’s structure remained largely unchanged y-o-y, with life insurance accounting for 16.3% of the total GWP, while non-life holds the dominant role. Motor insurance lines generated almost half of the non-life GWP, while property insurance contributed close to 20%.
STATISTICS: SERBIA 1Q2025: motor and property insurance are setting the market trend
Serbian insurers ended 1Q2025 with total GWP worth RSD 45 billion (EUR 384 million), which is almost 8% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).
SERBIA: Consolidated net profit of Dunav Osiguranje rises to EUR 30 million in 2024
According to the Serbian insurer Dunav Osiguranje, its consolidated net profit rose to RSD 3.5 billion (EUR 30 million) in 2024 from RSD 2.5 billion in the prior year, SeeNews writes.
SERBIA: the Association of Serbian Insurers signs a Cooperation Agreement with the Serbian Chamber of Commerce and the Serbian Banking Association
The Association of Serbian Insurers has signed a Cooperation Agreement with the Serbian Chamber of Commerce and the Serbian Banking Association, which envisages joint work on the development of the financial services market, the Association said on its website.
STATISTICS: SERBIA FY2024: Property and motor insurance lines grew at a doubled-digit pace
The insurance market of Serbia ended 2024 with aggregate GWP worth EUR 1.51 billion, up by 14.41% y-o-y), of which non-life insurance amounted to EUR 1.23 billion (+16.08%), while the life insurance segment totaled EUR 280 million, up by 7.56% y-o-y.
SERBIA: the Association of Serbian Insurers urges farmers to insure themselves as the climate is changing rapidly
Before the coronavirus, barely 10% of arable land was insured in Serbia, and now it is around 15%, said the Secretary General of the Association of Serbian Insurers (UOS), Duško Jovanović, osiguranje.hr writes.
SERBIA: the Association of Serbian Insurers signed an Agreement on Protection of Visitors with Romania
In line with the strategic commitment to constantly improve existing and introduce new services for citizens, the Association of Serbian Insurers signed an Agreement on Protection of Visitors with Romania, effective from February 1, 2025, the Association said.
SERBIA: Generali withdraws from the Serbian Chamber of Commerce and the Association of Insurers
Generali Insurance has decided to withdraw from the Serbian Chamber of Commerce (PKS) and the Association of Insurers of Serbia (UOS), after both organizations refused to respond to recent media attacks targeting the company's Executive Board, Dragan Filipović, Serbia Business News wrote.
SorS Academy’s 2025 Insurance & Reinsurance Training Programs announced
SorS Academy has unveiled its lineup of specialized insurance and reinsurance courses for 2025, catering to professionals seeking in-depth knowledge and hands-on expertise. Here’s a look at the key programs:
STATISTICS: SERBIA 3Q2024: the market exceeded the GWP 1 billion threshold
The insurance market of Serbia ended the first three quarters of 2024 with aggregate GWP worth RSD 132.57 billion (~EUR 1.13 billion, up by 14.67% y-o-y), of which non-life insurance - RSD 109.13 billion (+15.86%), while the life insurance segment totaled RSD 23.44 billion, up by 9.44% y-o-y.

1 October 2026