STATISTICS: SERBIA, 1H2020: Top 3 largest insurers hold for about 60% of the market

22 October 2020 — Andrei Victor
The GWP value of Serbian insurers totaled RSD 55.85 billion (EUR 475 million) in the first half of 2020, a 4% increase y-o-y, according to the National Bank of Serbia's (NBS) most recent report on the sector.

Non-life insurance made up 78.39% of total GWP, while the share of life insurance premiums was 21.61%. In terms of paid claims, the aggregate value was ~EUR 208 million, of which, about a third - EUR 74 million - generated by the two motor subclasses (MTPL and MoD, summed).

A total of 16 insurers operated on the market in H1 2020. Serbia's market leader as GWP was DUNAV OSIGURANJE: 27.09% market share - the equivalent of ~EUR 128 million in GWP, followed by GENERALI osiguranje (20.39%, EUR 97 million). The third largest insurer in the country was DDOR (12.24% market share).


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