The Property insurance segment saw a 3.4% y-o-y diminishing GWP amount as a result of the decreasing business volume recorded for the fire insurance class (almost 13% down y-o-y). Yet, the same segment provided for the largest increase on the paid claims side. Thus, claims expenses for the property insurance segment went up by over 104%. From the extra amount of EUR 20.7 million paid for property claims, about 70% was generated by the "other damages to property" class, including agricultural insurance, following the severe floods that have affected the country in May-June.
Motor insurance lines have maintained their dominant position, accounting for 41.3% of the total non-life GWP. During the first half of the year both classes belonging to this segment - Motor Hull and MTPL -, have recorded a stable evolution, with GWP and paid claims increasing at similar paces.
DUNAV preserved its leadership position in the market ranking, but with a slightly diminished market share as compared with 1H2018 (25.9% vs. 27.6%). GENERALI Osiguranje ranks second (21.4%) while the third position belongs to DDOR (12.3%).