"Insurance sector continued to show resilience since the start of the financial crisis, recording positive trends throughout the period, but below the pre-crisis level. Macroeconomic determinants strongly influence the performance of the insurance market, with GDP growth and unemployment rate being the two most prominent," a representative of the National Bank of Serbia told XPRIMM. Thus, in the non life segment MTPL and property insurance premiums went up slightly, at a pace of 1.25% and 1.7% respectively, while full coverage motor vehicle insurance premium continued to decrease recording a 7% fall written premiums.
DELTA GENERALI, WIENER and GRAWE are the Top 3 life insurance companies, with market shares of 26.2%, 25.5% and 16.2% respectively. On the non-life segment, DUNAV, DELTA GENERALI and DDOR are leading the market, holding market shares of 32.5%, 17.6% and 15.4%.
An extended analysis of the Serbian insurance market evolution in 2013 will be available in the forthcoming issue of XPRIMM Insurance Report FY 2013, to be released on May, 27th.
Access www.xprimm.com and download the FY2013 Serbian insurance market statistics.
Market portfolio (in EUR and RSD):
- Gross written premiums
- Paid claims
- Growth rates
- Total market ranking
- Life insurance ranking
- Non-life insurance ranking