Southeastern Europe, between Macedonia and Hungary

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)


National Bank of Serbia
Association of Serbian Insurers

Insurance statistics

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1H2014Insurance market overview pdf
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Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
Serbian insurance market overviewpdf
2009Serbian insurance market overview pdf
2009Market portfolioxls
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1H2010Serbian insurance market overviewpdf
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Serbia Timeline 2008 -2017

Serbia 3Q2018 Market Portfolio

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French companies AXA and COFACE offer joint export insurance policies in SERBIA

French companies AXA and Coface have started offering joint export insurance policies in Serbia, helping domestic exporters cushion the risk of non-payment by foreign buyers, according to Belgrade-based AXA Osiguranje. The two companies presented their joint product to Serbian export firms in Belgrade on December 5, AXA Osiguranje said in a statement on its website.

STATISTICS: Over EUR 430 million in GWP for SERBIAN insurers due the double digit growth rate in life segment

In 3Q2014, the Serbian insurance market totaled RSD 51.4 billion (EUR 432 million), representing a increase of 5.2% on a year earlier, according to the statistics published by the National Bank of Serbia (NBS). The value of paid claims on non-life segment increased 2.2% y-o-y to RSD 16.5 billion (EUR 139 million) due the 14.4% growth rate reported on properly insurance - a segment affected by catastrophic floods in May 2014, while the value of life indemnities increased 33% to RSD 3.5 billion (EUR 29 million).

SERBIA seeks adviser for Komercijalna Banka stake sale

Serbia invited applications on Friday for a financial adviser to help manage the sale of a majority stake in Komercijalna Banka, the country's second largest lender. The Deposit Insurance Agency set a deadline of Dec. 26 for international firms to submit their expressions of interest.

UNIQA 9-mo pre-tax earnings in SERBIA drop

Austrian insurance group UNIQA said on Wednesday its earnings before taxes from operations in Serbia dropped to 2,000 euro in the first nine months of 2014 from 193,000 euro a year earlier. Total gross written premiums from operations in Serbia rose by 9.1% to 34.6 million euro through September, UNIQA said in a financial report.

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, 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.