STATISTICS: SERBIAN insurers GWP up 27% in 1Q2015

According to the Central Bank figures, in 1Q2015 the total premiums collected by 21 insurance companies operating in Serbia increased by 27.15% in nominal terms to RSD 19.99 billion (EUR 166 million). Non-life GWP generated 78.39% of the total premiums, while the share of life segment went down to 21.61%.

According to the NBS figures, except for the Motor Hull insurances (-1.10%), all main sub-classes reported positive dynamics: MTPL (+45.81%), GTPL (+36.60%), property (+27.05%), financial loss (+21.49%) or travel insurance (+14.92%).

In terms of claims, the aggregate value reported by the local insurers was RSD 6.33 billion (EUR 53 million), down by 1.33% y-o-y.

DUNAV Osiguranje, GENERALI Osiguranje and DDOR were the Top 3 Serbian insurers at the end of March 2015, with market shares of 38.36%, 23.81% and 11.72% respectively.

Access www.xprimm.com and download the 1Q2015 Serbian insurance market statistics.

Market portfolio (in EUR and RSD):
  • Gross written premiums
  • Paid claims
  • Growth rates
Market rankings (GWP/Claims/Market shares - in EUR and RSD):
  • Total market ranking
  • Life insurance ranking
  • Non-life insurance ranking

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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