Serbia
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.
6 December 2021SERBIA: "Serbian Insurance Days" to be held on November 24-26
The Association of Serbian Insurers announced that "Serbian Insurance Days" will be held on November 24-26 in the hotel "Izvor" in Arandjelovac.
22 November 2021STATISTICS: SERBIA 1H2021: claims paid for property insurance decreased by two thirds improving market profitability
Serbian insurers ended the first half of 2021 with GWP worth EUR 514 million, up by 8.2% y-o-y, while paid claims went down by about 2.3%, to EUR 203.3 million, totally owed to the decreasing claims expenses for the property insurance lines which saw paid claims diminishing to about a third of the 1H2020 sum.
14 October 2021SERBIA: net profit of Dunav Osiguranje went down in H1
Net profit of the Serbian state-owned insurer Dunav Osiguranje decreased by 8.5% y-o-y to about RSD 1.3 billion (~EUR 8.5 million) in the first six months of 2021, SeeNews reported.
30 August 2021AM 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.
5 August 2021SERBIA: a Protocol on Cooperation to improve and develop insurance business signed between Serbia and the Republic Srpska
The Association of Serbian Insurers and the Association of Insurance Companies of the Chamber of Commerce of the Republic Srpska signed a Protocol on Cooperation, which provides for organization of educational meetings to improve and develop insurance business, the Serbian Association said.
19 July 2021STATISTICS: Serbian insurers posted 84% decrease in property paid claims during Q1 2021
Serbian insurers ended Q1 2021 with total GWP worth RSD 27.81 billion (EUR 236.6 million), 3.22% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).
8 July 2021STATISTICS: Serbian insurers posted increasing 2020 business to EUR 935 million
The Serbian insurance market reported a 2.3% y-o-y increase in FY2020 GWP to RSD 110 billion (EUR 935 million), according to the NBS's (National Bank of Serbia) year-end figures.
13 May 2021Dunav 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.
22 April 2021SERBIA: Appointments in the top management positions at UNIQA Serbia
Starting with January 1, 2021, UNIQA Serbia has began the process of strategic transformation" UNIQA 3.0" by applying a new governance model which includes the harmonization of processes in 15 markets in Central and Eastern Europe.
4 February 2021STATISTICS: SERBIA, 3Q2020: Local insurers' 9 months business expanded 2.2% y-o-y
Serbian insurers' 3Q2020 business increased 2.17% y-o-y to RSD 80.73 billion (~EUR 687 million*), according to the quarterly figures published on the website of National Bank of Serbia (NBS).
10 December 2020SERBIA: Snapsheet announced the launch of Appraisals Software with Generali
In less than 60 days, Generali Osiguranje Srbija, a leader in the Serbian insurance market, self-configured and launched the Snapsheet Appraisals with Serbian and English language options, according to a press release of Snapsheet.
17 November 2020STATISTICS: SERBIA, 1H2020: Top 3 largest insurers hold for about 60% of the market
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.
22 October 2020Mirjana BOGICEVIC - new President of the Executive Board of Sava Non-Life Insurance Belgrade
On September 28, the Supervisory Board of Sava Non-Life Insurance Belgrade appointed Mirjana BOGICEVIC as President of the Executive Board, the company announced.
5 October 2020STATISTICS: Serbian insurers' GWP rises 8.52% in Q12020
The GWP of Serbian insurance companies increased 8.52% in Q1 2020, reaching RSD 26.94 billion ~EUR 229 million), NBS quarterly data showed.
16 July 2020SERBIA: severe flooding cause high losses, but insurers' exposure remains low
"Only two or three percent of households in Serbia are insured against floods, and property insurance has less than 10 percent of households", said the general secretary of the Insurers Association of Serbia, Dusko JOVANOVIC, quoted by osiguranje.hr.
25 June 2020COVID-19: GENERALI donates 100,000 euros to the Fire Eye laboratory and the Government of the Republic of Serbia
GENERALI announced it donated EUR 100,000 to the Government of the Republic of Serbia to support the healthcare system in the fight against COVID-19 pandemic and to the Fire Eye laboratory for the purchase of lab supplies and equipment, hygiene and disinfection supplies, office supplies and furniture, for the workers' compensation and for the development of research and training potential.
2 June 2020STATISTICS: SERBIA, FY2019: Local insurers reported positive y-o-y GWP changes
The Serbian insurance market reported a 7.5% y-o-y increase in FY2019 GWP to RSD 107.5 billion (EUR 914 million), according to the NBS's (National Bank of Serbia) year-end figures. Non-life insurance made up 76.7% of total GWP (RSD 82.4 billion, up by 8.2% y-o-y), while the share of life insurance premiums was 23.3.% (RSD 25.1 billion, up by 5.4% y-o-y).
7 May 2020SERBIA: Car dealer British Motors increased its stake in the smallest non-life insurer in the country
Belgrade-based British Motors, a Serbian car dealer, has increased its stake in the capital of local non-life insurer Globos osiguranje by 15.6% from 71.8% to 87.4% as a part of a buyout bid, wrote kamatika.com here.
21 April 2020Serbian insurers take action to support customers and community during the COVID-19 pandemic
Serbian insurers are playing an active role in the general effort of fighting the COVID-19 pandemic, both by supporting at their best their customers and providing financial contributions for the medical effort of fighting the epidemic.
16 April 2020
