Serbia
DUNAV Osiguranje's gross profit almost doubled in 2019, the best result in the last three decades
In 2019, the year when it has celebrated 45 years of business under its current name, Serbian market's leader DUNAV Osiguranje recorded the best results in the last 30 years of its operations, Mirko PETROVIC, President of the Board, said at the Kopaonik Business Forum.
5 March 2020STATISTICS: SERBIA, 3Q2019: insurers' premiums rose 6% y-o-y
The GWP of Serbian insurers increased 5.9% year-on-year to RSD 79 billion (EUR 672 million*) in the first nine months of 2019, according to the most recent figures published on the website of National Bank of Serbia (NBS).
19 December 2019SERBIA: OTP Group acquired Societe Generale
The Serbian branch of OTP Group acquired Societe Generale Srbija, taking over the banking, insurance and leasing activities of the French group in Serbia.
3 October 2019STATISTICS: SERBIA, 1H2019: extreme weather's toll significantly increased insurers' claims expenses
Total GWP by Serbian insurers in the first half of 2019 amounted to EUR 455.6 million, 3.08% up y-o-y, mostly driven by the non-life segment.
19 September 2019Serbian insurer Dunav Osiguranje's profit rises in H1 - table
28 August 2019Serbian DUNAV Re's credit rating by AM Best upgraded to B+
AM Best has upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to "bbb-" from "bb+" of Serbian reinsurer Dunav Re a.d.o. Belgrade, a subsidiary of Dunav Insurance Company j.s.c. Belgrade. The outlook of the Credit Ratings (ratings) is stable.
6 August 2019Dunav Osiguranje's share of Serbian insurers' premium income rises in 2018 - table
9 July 2019STATISTICS: SERBIA, 1Q2019: Moderate business growth but accelerated in terms of claims
Serbian insurers ended 1Q2019 with total GWP worth RSD 24.83 billion (EUR 210.5 million), 0.5% up y-o-y, according to the most recent market statistics pubished by the National Bank of Serbia.
20 June 2019SERBIA: DUNAV supported AGROSIRM
DUNAV Osiguranje, a Serbian insurance company based in Belgrade and the largest non-life insurance company in the Serbian insurance market, for the second consecutive year supported the Srem Agricultural Fair - AGROSIRM, that was held on June 8-9, as the company stated on its website.
13 June 2019STATISTICS: SERBIA, FY2018: Top 3 largest insurers accounted for more than 60% of total market
Serbian insurance market ended 2018 with GWP worth EUR 845 million, up 7.6% y-o-y, a result supported mainly by the non-life insurance side, which saw an 8.5% increase to EUR 644 million.
18 April 2019CEO of Generali Osiguranje Srbija: Growth of Insurance Market is Inevitable
18 March 2019Generali Insurance Serbia in partnership with the Foundation Novak Djokovic helps parents in the early development of children
3 March 2019STATISTICS: SERBIA, 2008-2017 timeline: life insurance has doubled its share in the market portfolio
Serbia was one of few CEE insurance markets where the 2008 economic crisis was tackled with little sacrifice to market growth. The industry grew to EUR 195 million (+33%) from 2008 to 2017.
21 February 2019Dunav Osiguranje's share of Serbian insurers' premium income falls in Jan-Sep - table
17 December 2018STATISTICS: SERBIA, 3Q2018: Top 5 insurers covered about 80% of total market
In 3Q2018, the Serbian insurance market totaled RSD 74.6 billion (EUR 630 million), representing an increase of 5.2% on a year earlier, according to the statistics published by the National Bank of Serbia (NBS).
5 December 2018STATISTICS: SERBIA, 1H2018: almost 10% growth, driven by the MTPL and fire insurance lines
The Serbian insurance marked ended the first half year with GWP worth RSD 52.18 billion (EUR 442 million), 6,8% up y-o-y. Due to the modest appreciation of the Serbian Dinar against Euro, the market results denominated in European currency show a higher growth rate, of 9.35%.
13 September 2018SERBIA: Dunav Osiguranje's share of Serbian insurers' premium income rises in H1
9 September 2018A.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.
20 August 2018STATISTICS: SERBIA 1Q2018: Top 3 insurers accounted for almost two thirds of total market
The Serbian insurance market experienced a 2.4% y-o-y increase in Q1 GWP to RSD 24.7 billion (EUR 208 million), according to the NBS's (National Bank of Serbia) quarterly figures.
14 June 2018SERBIA: 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 2018
