The Association of Insurers of Serbia has launched the CarCheck mobile application, which will help citizens with the sale and purchase of used vehicles, the association’s website announced.

The first half of 2023 the insurance market in Serbia ended with an increase of 16.28% y-o-y, having reached RSD 78.56 billion (EUR 670.17 million), according to the statistics published by the National Bank of Serbia (NBS).

Serbian insurers ended Q1 2023 with total GWP worth RSD 35.9 billion (EUR 306 million), 13.95% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).

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.

The President of the Board of the Association of Serbian Insurers and the President of Dunav osiguranje Ivana Sokovic expects this year to be better than the previous one, she said at the panel on insurance at the 30th Kopaonik Business Forum.

Serbian market leader Dunav osiguranje ended 2022 with gross premium of over EUR 300 million, by as much as EUR 100 million more than just five years ago, the company has announced.

MTPL premiums went up, depending on the insurance provider, by 12% - 15% for all vehicle categories, osiguranje.hr reported quoting the Association of Insurers of Serbia (UOS). After the "prices war" in August 2022, this time the prices are harmonized with the National Bank of Serbia (NBS), the association said.

Serbian insurance market ended the first three quarters of 2022 with aggregate GWP worth RSD 99.39 billion (~EUR 847 million), up by 12.20% y-o-y, according to the quarterly figures published on the website of National Bank of Serbia (NBS). Non-life GWP was up by 14.31% y-o-y to RSD 79.17 billion, while the life insurance segment totaled RSD 20.22 billion, up by 4.64% y-o-y.

Serbian insurance market expanded by almost 12% y-o-y during H1 2022 to RSD 67.56 billion (~EUR 575.5 million), according to the quarterly figures published on the website of National Bank of Serbia (NBS).

This year's Serbian Insurance Days will be held on 15-18 November in Zlatibor - the most important and probably the most attractive tourist destination in Serbia, in the "Zlatibor Mountain Resort&SPA" hotel, the Association of Serbian Insurers informed.

The 22% increase in the MTPL tariffs adopted by Serbian motor insurers in the first week of August started a heated debate between the market players and the National Bank of Serbia (NBS) - the market supervising authority.

In the first week of August, insurance companies increased MTPL prices by an average of 22%, with inflation and the subsequent higher prices of spare parts as main causes. There is also an increase in the prices of transport services, damage assessments, as well as in the prices of working hours in service centers, the Association of Serbian Insurers wrote.

Serbian insurers ended Q1 2022 with total GWP worth RSD 31.5 billion (EUR 267.8 million), 13.4% more y-o-y, according to the end-quarter statistics published by the National Bank of Serbia (NBS).

The Serbian insurance market ended 2021 with aggregate GWP worth RSD 119.40 billion (EUR 1.02 billion), up by 8.64% y-o-y, according to the NBS's (National Bank of Serbia) year-end figures.

A panel of discussions at the Kopaonik Business Forum, the most important event of its kind in Serbia and the region organized by the Serbian Association of Economists has analyzed the lessons learned from the pandemic crisis, as well as the possibility of insuring catastrophic risks, including the pandemic one.

The Association of Serbian Insurers will organize a traditional annual conference together with the Association for Insurance Law of Serbia this year.

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).

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.

The Association of Serbian Insurers announced that "Serbian Insurance Days" will be held on November 24-26 in the hotel "Izvor" in Arandjelovac.

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.