STATISTICS: SERBIA, 3Q: Double-digit increase thanks to a growth of 19% y-o-y in life GWP

For the January-September 2016 period, the aggregate GWP value of Serbian insurers was up by 10% on the year to RSD 66.7 billion (EUR 541 million), the data, published by the National Bank of Serbia (NBS) indicated.

Non-life segment made up 76.8% of total vs. 78.5% in 3Q2015, while life insurance accounted for 23.2%, up from 21.5% last year thanks to a nominal growth in GWP of 19%, as the central bank data showed. In terms GWP, the non-life sector was up by 7.6% y-o-y.

State-owned DUNAV Osiguranje remained the Serbia's top insurer by GWP volume, with a 26.6% market share, followed by GENERALI Osiguranje (22.8%) and the Novi Sad based - DDOR (part of the Gruppo Assicurativo UNIPOL) with 12%.

Access www.xprimm.com and download the 3Q2016 Serbian insurance market statistics.

Market portfolio (in EUR and RSD):
  • Gross written premiums
  • Paid claims
  • Growth rates
Market rankings (GWP/Claims/Market shares - in EUR and RSD):
  • Total market ranking
  • Life insurance ranking
  • Non-life insurance ranking

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