STATISTICS: Serbia's insurers 2022 GWP grow 12.6% y-o-y

25 May 2023 —
STATISTICS: Serbia's insurers 2022 GWP grow 12.6% y-o-y
The Serbian insurance market ended 2022 with aggregate GWP worth RSD 134 billion (EUR 1.14 billion), up by 12.16% y-o-y, according to the NBS's (National Bank of Serbia) year-end figures.

At the "claims chapter", the aggregate value of January-December 2022 payments totaled RSD 65.35 billion (~EUR 557 million) up by 21.66% y-o-y, of which the two motor subclasses (MTPL and Motor hull, summed) generated 38% of total.

In terms of GWP, non-life insurance made up 78.57% of the total GWP (RSD 105.22 billion, up by 14.00% y-o-y) - of which RSD 53 billion - related to motor classes and RSD 26.62 billion - property policies, while the share of life insurance premiums was 21.43% (RSD 28.70 billion, up by 5.88% y-o-y).

At the end of 2022, Serbia's Top 3 largest insurers as GWP were DUNAV Osiguranje (26.31% market share, GWP worth ~EUR 300 million), GENERALI Osiguranje (18.55%) and WIENER (11.72%).

Access and download the latest Serbian insurance market statistics.