Serbia
SERBIA: Dunav Osiguranje to pay higher dividend for 2017
Serbian insurer Dunav Osiguranje [BEL:DNOS] has said it will pay a gross dividend of 128.34 dinars (1.09 euro) per share on 2017 earnings.
17 May 2018STATISTICS: 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.
3 May 2018SERBIA: Generali Insurance Serbia has won the prestigious award "Captain Misa Anastasijevic"
19 April 2018SAVA Re acquires Serbian insurer ENERGOPROJEKT GARANT
Slovenian re/insurance group SAVA Re has acquired a 92.94% stake in Belgrade-based ENERGOPROJEKT GARANT, a small Serbian insurer specialising in construction and liability insurance.
15 March 2018Agroinsurance Conference: focus on the technical aspects of agroinsurance against drought and livestock disease
The "Agricultural Insurance, Reinsurance and Brokerage in the CIS, Europe and Asia" Conference will discuss the technical aspects and characteristic features of drought and livestock disease insurance programs. Representatives of Munich Re and TARSIM will share their own first-hand experience in drought crop insurance.
27 February 2018SERBIA: Profit of Dunav Osiguranje in 2017 around RSD 1.25 billion
The insurance company Dunav Osiguranje will realize a profit of around RSD 1.25 billion in 2017, a growth of gross profit by 20% compared to 2016, and end the year with a gross premium of over EUR 200 million.
8 January 2018SERBIA's Dunav Osiguranje expects 20% rise in profit in 2017
Serbian insurer Dunav Osiguranje expects its pre-tax profit to rise by 20% to 1.25 billion dinars (10.5 million euro) in 2017, the president of the company, Mirko Petrovic, said on Tuesday.
19 December 2017STATISTICS: SERBIA, 3Q2017: Motor insurance lines provided for almost half of the market growth in absolute terms
Serbian insurers' 3Q results show a 6.3% y-o-y increase in GWP (in local currency), to RSD 70.9 billion (EUR 594.1 million), almost half of the additional GWP volume being provided by the motor insurance lines.
14 December 2017SERBIA: Dunav Osiguranje's share of Serbian insurers' premium income rises
Insurer Dunav Osiguranje saw its share of the total premium income of Serbia's insurance sector rise to 27.7% in the first nine months of 2017 from 26.6% in the prior-year period, and the company remains leader in the sector, the central bank said.
7 December 2017STATISTICS: SERBIA, 1H2017: Positive trend and a stable porfolio structure
Serbian insurers ended 1H2017 with GWP up by 10.3% y-o-y, to EUR 404.2 million, a growth rate slightly helped by the local currency's appreciation. Denominated in Serbian Dinars, the market results show an 8.12% increase in premiums.
19 October 2017SERBIA: Dunav Osiguranje's share of Serbian insurers' premium income falls
Insurer Dunav Osiguranje saw its share of the total premium income of Serbia's insurance sector fall to 27.1% in the first half of 2017 from 27.4% in the prior-year period, but the company remained leader in the sector, the central bank said.
19 September 2017Serbia: Merger of Wiener Stadtische Osiguranje and the AXA companies successfully concluded
The merger between the Vienna Insurance Group (VIG) company Wiener Stadtische Osiguranje and the two AXA companies that were acquired in the previous year was concluded in August 2017.
31 August 2017SERBIA: 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.
22 August 2017SERBIA: AXA companies officially absorbed within Wiener Stadtische Insurance
AXA Non-Life Insurance (AXA Nezivotno Osiguranje) and AXA Life Insurance
(AXA Zivotno Osiguranje) have officially been absorbed within Wiener
Stadtische Osiguranje, WS announced.
10 August 2017STATISTICS: SERBIA's insurers posted double digit increase in Q1 GWP
The GWP value of Serbian insurers totaled RSD 24.1 billion (EUR 195 million) in the first quarter of 2017, a 10% increase y-o-y, according to the National Bank of Serbia's (NBS) most recent report on the sector.
22 June 2017SERBIA's Dunav Osiguranje premium income share falls slightly in Q1
Insurer Dunav Osiguranje saw its stake of total premium income in the Serbian insurance sector fall to 27.7% in the first quarter of 2017 from 28.3% in the like period of last year, but the company remained the leader in the sector, data by central bank NBS showed.
15 June 2017STATISTICS: SERBIA, FY2016: Double-digit GWP increase supported by the life insurance lines
The National Bank of Serbia announced that the aggregate GWP by insurers active in the market increased by 10.15% last year, reaching RSD 89.14 billion (about EUR 722 million).
20 April 2017SERBIA's Dunav Osiguranje profit jumps 131% in 2016
Serbian state-owned Dunav Osiguranje [BEL:DNOS] said its profit jumped 131.3% to 897.8 million dinars (7.28 million euro) in 2016, with premium income rising 10.5% to 19.8 billion dinars.
10 April 2017Serbian Government expects EUR 100 million from the future DUNAV sale, in case it will decide the company's privatization
The Serbian Government has set the approximate privatization price for DUNAV Osiguranje to EUR 110 million, an article published by the Croatian insurance portal osiguranje.hr reads. Yet, the privatization decision is still pending, as the Government is currently analyzing the results of company's diagnostic review, to determine DUNAV's financial and competitive position before effectively launching the privatization process.
12 January 2017SERBIAN Competition Commission closes the year boldly
On 25 December 2016, the Commission published a report on the Serbian insurance market, and announced its plan to draft an Insurance Block Exemption Regulation ("IBER"). Except where the specifics of the Serbian insurance market require otherwise, the regulation will be harmonized with the EU Block Exemption Regulation for the Insurance Sector.
12 January 2017
