Life insurance premium income increased by 19.4%, reaching RSD 23.12 billion, or 26% of total premium, while the non-life GWP grew by 7.2%, boosted by a 91% increase in credit insurance, 29% in GTPL line and 41% growth in health insurance.
At the same time, Compulsory MTPL business line totaled RSD 30.3 billion and had a 34% share of the total market.
The aggregate value of paid claims of Serbian insurance companies came in at RSD 33.4 billion in 2016, up by 8.7% y-o-y.
According to the Serbian Central Bank figures, the state-owned DUNAV Osiguranje was the country's top insurer by GWP (25.7% market share), followed by GENERALI Osiguranje (EUR 22.3%) and DDOR Novi Sad (11.6%).
Access www.xprimm.com and download the FY2016 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