Serbia

Location:
Southeastern Europe, between Macedonia and Hungary

Climate:
In the north, continental climate (cold winters and hot, humid summers with well distributed rainfall); in other parts, continental and Mediterranean climate (relatively cold winters with heavy snowfall and hot, dry summers and autumns)

Natural hazards:
destructive earthquakes





Currency: Dinars (RSD)

1 EUR = 123.4723 Dinars - RSD (December 31st, 2016)
1 EUR = 121.6261 Dinars - RSD (December 31st, 2015)
1 EUR = 120.9583 Dinars - RSD (December 31st, 2014)
1 EUR = 114.6421 Dinars - RSD (December 31st, 2013)
1 EUR = 113.7183 Dinars - RSD (December 31st, 2012)
1 EUR = 104.6409 Dinars - RSD (December 31st, 2011)
1 EUR = 105.4982 Dinars - RSD (December 31st, 2010)

Sources:

National Bank of Serbia
Association of Serbian Insurers


Insurance statistics

1Q2017Market portfolioxlsx
1Q2017Insurance companies rankingsxlsx
FY2016Market Portfolioxlsx
FY2016Insurance Companies Rankingsxlsx
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1H2016Market portfolioxlsx
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FY2015Market Portfolioxlsx
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3Q2015Insurance companies rankingsxlsx
1H2015Market portfolioxlsx
1H2015Insurance companies rankingsxlsx
1Q2015Market portfolioxlsx
1Q2015Insurance companies rankingsxlsx
FY2014Market Portfolioxlsx
FY2014Insurance Companies Rankingsxlsx
3Q2014Market portfolioxlsx
3Q2014Insurance companies rankingsxlsx
1H2014Insurance market overview pdf
1H2014Market portfolioxlsx
1H2014Insurance companies rankingsxlsx
1Q2014Market portfolioxlsx
1Q2014Insurance companies rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
FY2013Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
3Q2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1H2013Insurance Companies Rankingsxlsx
1Q2013Market portfolioxlsx
1Q2013Insurance companies rankingsxlsx
FY2012Insurance market overview pdf
FY2012Market Portfolioxlsx
FY2012Insurance Companies Rankingsxlsx
3Q2012Market Portfolioxlsx
3Q2012Insurance Companies Rankingsxlsx
1H2012Insurance market overview pdf
1H2012Market portfolioxlsx
1H2012Insurance companies rankingsxlsx
1Q2012Market portfolioxlsx
1Q2012Insurance companies rankingsxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
3Q2011Market Portfolioxlsx
3Q2011Insurance Companies Rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Serbian insurance market overviewpdf
2009Serbian insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Serbian insurance market overviewpdf
1H2010Market portfolioxls
1H2010Total insurance market rankingxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls

Serbia 1Q2018 Insurance Companies Rankings

Serbia 1Q2018 Market Portfolio

See all statistics

GENERALI Osiguranje Srbija: the new corporate name of SERBIAN company

As of September 22nd 2014 the new corporate name of Delta Generali Osiguranje a.d.o. Beograd, reads: Generali Osiguranje Srbija a.d.o. Generali's activities in Serbia are facing a rebranding procedure according to Generali's new corporate identity. Change of the company name and the corporate identity have also been implemented at the Reinsurance company and the Voluntary Pension Fund management company, which changed their company names in to: Generali Reosiguranje Srbija a.d.o. and Generali Drustvo za upravljanje dobrovoljnim penzijskim fondom a.d.

EUR 200 million stand-by credit line to SERBIA's Deposit Insurance Agency

The European Bank for Reconstruction and Development (EBRD) is providing a EUR 200 million stand-by credit line to Serbia's Deposit Insurance Agency (DIA), an independent, public institution designed to protect insured depositors and manage the Deposit Insurance Fund (DIF), a special fund set up to pay-out insured depositors.

Europe RE: Flood damage to SERBIA from EUR 1.5 to 2 billion

Serbia's has joined a unique system for insurance against natural disasters as cofounder of the regional reinsurance company "Europe RE", which began its operations in Serbia on Thursday including Albania and Macedonia among its shareholders. Serbia invested a total USD 5 million in establishing of the "Europe RE" with headquarters in Switzerland.

Europe RE begins operations in SERBIA

Switzerland-headquartered specialty property catastrophe reinsurer Europa Reinsurance Facility Ltd. has started its operations in Serbia, B92.net reported. Europe RE's chairman of board, Hansjurg Appenzeller, said the May floods that hit parts of the Balkan region caused damage worth around EUR 1.5 billion (USD 1.9 billion) to EUR 2 billion (USD 2.53 billion).

SERBIA seeks expressions of interest for TAKOVO Osiguranje portfolio

Serbia's Deposit Insurance Agency (DIA) invited on Thursday expressions of interest from insurance companies for taking over the insurance portfolio of local insurer Takovo Osiguranje which is undergoing liquidation proceedings. In late July, the National Bank of Serbia (NBS) delicensed Takovo Osiguranje and petitioned a local court to initiate liquidation proceedings.

SERBIA: NBS revokes the license of TAKOVO Osiguranje

The Executive Board of National Bank of Serbia (NBS) has taken the decision to revoke the TAKOVO insurance company's license and prohibit the disposal of its assets until the opening of liquidation proceedings. At the same time, NBS filed a proposal for a bankruptcy proceeding to the Commercial Court of Kragujevac (where TAKOVO Osiguranje is headquartered) concerning institution of liquidation proceedings and informed the Deposit Insurance Agency for the purpose of appointing the liquidation receiver.

Serbia: 45% increase of the MTPL price starting July 1st

The price of MTPL insurance in Serbia will rise by 45% as of July 1st. By approving this measure, the National bank of Serbia has accepted a long lasting requirement of insurers that have been asking for the price to increase because the tariff was not high enough to cover all the liabilities arising from claims and other expenses that insurance companies had to pay in accordance with the law.

SERBIA: Waiting for the new Insurance Law

Until the end of summer Serbia could get a new Insurance Law. The National Bank of Serbia created a new Draft law to undergo a public debate by the end of June, which is also the deadline for insurance companies to provide their suggestions and comments.