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

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Serbia FY2021 Market Portfolio

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Serbia FY2021 Insurance Companies Rankings


See all statistics

Latest news




STATISTICS: Serbian insurers posted 9.7% y-o-y increase in Q3 business

Serbian insurance market expanded by 9.7% y-o-y during 3Q2021 to RSD 88.5 billion (~EUR 754 million), according to the quarterly figures published on the website of National Bank of Serbia (NBS).

Non-life GWP rose 10.5% y-o-y to RSD 69.2 billion, whereas the life insurance segment earned premiums of RSD 19.3 billion, up by 6.8% y-o-y, as NBS announced.

The value of paid claims totaled RSD 37.3 billion (up by 2.2% y-o-y) of which RSD 12.1 billion - life indemnities (up by 28.6%) and RSD 25.2 billion (-7% y-o-y) related to non-life classes.

In terms of GWP volume, DUNAV was the largest insurance company in the country, accounting for 26.4% of total GWP. GENERALI osiguranje followed with 19.9%, while DDOR was third with 11.8%. A total of 16 insurance companies operated in the country at the end of September 2021.

Access xprimm.com and download the latest Serbian insurance market statistics (in EUR and RSD).

SERBIA: "Serbian Insurance Days": in the first three quarters the insurers achieved the best results in the last 10 years in some segments

The key event with largest gathering in insurance business with participation of more than 250 representatives of insurance companies, banks, the regulatory authority, the ministries of the Government of the Republic of Serbia and state institutions - the 5th edition of "Serbian Insurance Days" was held in Arandjelovac in the end of November.




AM Best affirms credit ratings of Dunav-Re a.d.o.

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Dunav-Re a.d.o. (Dunav-Re) (Serbia), a subsidiary of Dunav osiguranje a.d.o. (Dunav Insurance) (Serbia). The outlook of these Credit Ratings (ratings) is stable.




Dunav osiguranje designated the consumer's favorite insurance brand in Serbia

Serbian "Dunav osiguranje" is the winner of this year's award "Consumer's favorite" in the insurance category, designating the most popular brands on the Serbian market. Organized by the association "My Serbia" and with the support of the City of Belgrade, the contest awards the best brands based on the consumers' votes.