Serbia
SERBIA: Dunav osiguranje receives "My Choice" award for 2024
According to the votes of Serbian consumers, among 1,000 domestic products and brands, Dunav osiguranje was awarded "My Choice" in the "Insurance Companies" category.
9 April 2024SorS Academy: a new educational structure for insurers in ex-Yugoslavia starts operating
“SorS Academy” was founded with the aim of providing education for insurance professionals in an innovative and unique way. The fast-track training it will provide might be a solution to the obvious problem of a lack of employees in the insurance and reinsurance industry in the area. SorS Academy is headquartered in Belgrade, Serbia.
15 February 2024SERBIA: The new memorandum to help promote insurance and banking activities
A Memorandum on Cooperation of the Association of Insurers, the Association of Banks of Serbia and the Association of Lawyers in the Economy of the Republic of Serbia was signed, the Association of Serbian Insurers wrote.
13 February 2024STATISTICS: Serbia: Insurance market expanded to almost EUR 1 billion during 3Q2023
The insurance market of Serbia ended the first three quarters of 2023 with aggregate GWP worth RSD 115.61 billion (~EUR 986.47 million, up by 16.32% y-o-y), of which non-life insurance - RSD 94.19 billion (+18.97%), while the life insurance segment totaled RSD 21.42 billion, up by 5.94% y-o-y.
16 January 2024SERBIA: The National Bank: the insurance sector more than doubled in the past decade
All key indicators of the insurance sector's operations in the past ten years have recorded a positive trend and have more than doubled, according to the Chairman of the National Bank of Serbia, Jorgovanka Tabakovic, the Association of Serbian Insurers wrote.
5 December 2023SERBIA: CarCheck mobile application launched by the insurers’ association to assist citizens when buying/selling cars
The Association of Insurers of Serbia has launched the CarCheck mobile application, which will help citizens with the sale and purchase of used vehicles, the association’s website announced.
8 November 2023STATISTICS: SERBIA, 1H2023: non-life insurance exceeds 81% in the total GWP portfolio
The first half of 2023 the insurance market in Serbia ended with an increase of 16.28% y-o-y, having reached RSD 78.56 billion (EUR 670.17 million), according to the statistics published by the National Bank of Serbia (NBS).
10 October 2023STATISTICS: Serbian insurers business exceeded EUR 300 million at the end of March
Serbian insurers ended Q1 2023 with total GWP worth RSD 35.9 billion (EUR 306 million), 13.95% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).
17 August 2023STATISTICS: Serbia's insurers 2022 GWP grow 12.6% y-o-y
The Serbian insurance market ended 2022 with aggregate GWP worth RSD 134 billion (EUR 1.14 billion), up by 12.16% y-o-y, according to the NBS's (National Bank of Serbia) year-end figures.
25 May 2023SERBIA: Association of Serbian Insurers: it's important to pay more attention at catastrophic risks
The President of the Board of the Association of Serbian Insurers and the President of Dunav osiguranje Ivana Sokovic expects this year to be better than the previous one, she said at the panel on insurance at the 30th Kopaonik Business Forum.
15 March 2023Serbian Dunav osiguranje ended 2022 with GWP worth over EUR 300 million
Serbian market leader Dunav osiguranje ended 2022 with gross premium of over EUR 300 million, by as much as EUR 100 million more than just five years ago, the company has announced.
9 March 2023SERBIA: inflation triggered a 12% - 15% rise in the MTPL premiums
MTPL premiums went up, depending on the insurance provider, by 12% - 15% for all vehicle categories, osiguranje.hr reported quoting the Association of Insurers of Serbia (UOS). After the "prices war" in August 2022, this time the prices are harmonized with the National Bank of Serbia (NBS), the association said.
2 February 2023STATISTICS: Serbia's insurers business expanded by 12.20% y-o-y during 3Q2022
Serbian insurance market ended the first three quarters of 2022 with aggregate GWP worth RSD 99.39 billion (~EUR 847 million), up by 12.20% y-o-y, according to the quarterly figures published on the website of National Bank of Serbia (NBS). Non-life GWP was up by 14.31% y-o-y to RSD 79.17 billion, while the life insurance segment totaled RSD 20.22 billion, up by 4.64% y-o-y.
19 January 2023STATISTICS: Serbian H1 insurers' business increased by 12% y-o-y
Serbian insurance market expanded by almost 12% y-o-y during H1 2022 to RSD 67.56 billion (~EUR 575.5 million), according to the quarterly figures published on the website of National Bank of Serbia (NBS).
20 October 2022SERBIA: Serbian Insurance Days to be held on 15-18 November
This year's Serbian Insurance Days will be held on 15-18 November in Zlatibor - the most important and probably the most attractive tourist destination in Serbia, in the "Zlatibor Mountain Resort&SPA" hotel, the Association of Serbian Insurers informed.
5 October 2022SERBIA: increasing MTPL prices started a war between motor insurers and the market watchdog
The 22% increase in the MTPL tariffs adopted by Serbian motor insurers in the first week of August started a heated debate between the market players and the National Bank of Serbia (NBS) - the market supervising authority.
25 August 2022SERBIA: MTPL prices have increased by an average of 22%
In the first week of August, insurance companies increased MTPL prices by an average of 22%, with inflation and the subsequent higher prices of spare parts as main causes. There is also an increase in the prices of transport services, damage assessments, as well as in the prices of working hours in service centers, the Association of Serbian Insurers wrote.
9 August 2022STATISTICS: SERBIA, 1Q2022: insurance market posted Q1 double digit increases in GWP and claims
Serbian insurers ended Q1 2022 with total GWP worth RSD 31.5 billion (EUR 267.8 million), 13.4% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).
12 July 2022STATISTICS: SERBIA FY2021: the market has exceeded the EUR 1 billion threshold for the first time
The Serbian insurance market ended 2021 with aggregate GWP worth RSD 119.40 billion (EUR 1.02 billion), up by 8.64% y-o-y, according to the NBS's (National Bank of Serbia) year-end figures.
8 June 2022Serbia, KBF: Insurers and the state should pool forces in order to insure catastrophic risks
A panel of discussions at the Kopaonik Business Forum, the most important event of its kind in Serbia and the region organized by the Serbian Association of Economists has analyzed the lessons learned from the pandemic crisis, as well as the possibility of insuring catastrophic risks, including the pandemic one.
9 March 2022
