Serbia

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe.
- Neighbours: Croatia, Bosnia and Herzegovina, Montenegro, Albania, Macedonia, Bulgaria, Romania.

Climate:
- in the north, continental climate (cold winters and hot, humid summers with well distributed rainfall);
- in other parts, continental and Mediterranean climate (relatively cold winters with heavy snowfall and hot, dry summers and autumns).

Natural hazards:
- destructive earthquakes.

Macro indicators
* 2018 estimates
Surface:88,361km2
Population*:7.0million
Pop. density*:79.1people/km2
GDP*:42.9EUR billion
GDP/capita*:6,139.1EUR

European Union:
Official candidate

Currency: Dinar
Code: RSD
Since: 2006


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:24%
TOTAL NON-LIFE*:76%
Overall Property*:20%
Overall Motor*:43%


Sources:



 


Statistics

tari standard

Serbia 1Q2020 Insurance Companies Rankings

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Serbia 1Q2020 Market Portfolio


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Latest news




SERBIA: Dunav Osiguranje's share of Serbian insurers' premium income rises in H1

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A.M. Best assigns credit ratings to Dunav Re Company a.d.o. Belgrade

A.M. Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of "bb+" to Dunav Re Company a.d.o. Belgrade (Dunav Re) (Serbia), a subsidiary of Dunav Insurance Company j.s.c. Belgrade. (Dunav), a multi-line insurer operating in Serbia.



STATISTICS: SERBIA, FY2017: positive trend in business; changes in preparation of the regulatory side

Serbian insurance market ended 2017 with FWP worth EUR 785.8 million, 8.8% up y-o-y, a result supported in part also by the Serbian Dinar appreciation against the European currency. In local currency, the GWP growth was of only 4.4%. Most of the market growth came from the non-life insurance side, which saw a 11% increase in premiums, thus raising its weight in the market portfolio by about 1.5 percentage points.











SERBIA: Axa Life and Axa non-life Insurance in Serbia absorbed by VIG

Serbia's AXA Non-Life Insurance (AXA Nezivotno Osiguranje) and AXA Life Insurance (AXA Zivotno Osiguranje) have officially been absorbed by Wiener Stadtische Osiguranje. This marks the completion of the acquisition of the two insurers by the Vienna Insurance Group (VIG) in July 2016.