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
3Q2016Market portfolioxlsx
3Q2016Insurance companies rankingsxlsx
1H2016Market portfolioxlsx
1H2016Insurance companies rankingsxlsx
1Q2016Market portfolioxlsx
FY2015Market Portfolioxlsx
3Q2015Market portfolioxlsx
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

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.

SERBIA 1Q2014: Life insurance kept the market on the positive trend

After ending 2013 on a positive trend, with a 4.2% growth rate of the GWP, the Serbian insurance market's evolution slowed down in 1Q2014 - 0.11% y-o-y (calculated in European currency) against a 3.2% growth in GWP for the calculations made in local currency, the 3% y-o-y devaluation of the Serbian Dinar paying its part in the apparently stagnating status of the market.

SERBIA: One million dinars for the vulnerable citizens in flooded areas

The Board of Directors of the Association of Serbian Insurers has decided to grant financial aid in the amount of RSD 1,000,000.00 to the vulnerable citizens in flooded areas in the territory of the Republic of Serbia. These funds will be directed to the dedicated budget account of the Republic of Serbia, and the entire stated amount will be provided from the budget reserves of the Association of Serbian Insurers.

SERBIA: NBS draws up the Draft Law on Insurance

Within an all-encompassing and thorough reform of our economic and legal framework, pursuant to its mandate, the National Bank of Serbia has drawn up the Draft Law on Insurance, Draft Law on Payment Services, Draft Law Amending and Supplementing the Law on Foreign Exchange Operations and Draft Law Amending and Supplementing the Law on the Protection of Financial Services Consumers. 

VIG sees small Balkans floods hit

Vienna Insurance Group faces a net hit of just "a few million euros" from widespread flooding in the Balkans, Chief Executive Peter Hagen told Reuters on Tuesday.

SERBIA FY2013: Life insurance gains weight

Serbian insurance market ended 2013 on a positive trend, recording a 4.2% growth rate in GWP terms, to RSD 64 billion (~ EUR 559 million). Due to an impressive increase, of over 18%, life insurance gained a larger share of the market portfolio, reaching a share of almost 22% of the GWP. On the other hand, although still strongly dominating the market, non-life insurance lines' evolution in 2013 may be defined at best as stagnant.

SERBIA: WIENER Staedtische osiguranje a.d.o. Beograd has acquired the endowment insurance portfolio of MetLife

The NBS Administration for Supervision of Financial Institutions has approved the transfer of a part of the life insurance portfolio from MetLife to WIENER Staedtische osiguranje. "Our current business operations, results and position on the market guarantee high quality services, adequate profit and prompt benefit payments to clients of MetLife who hereby have become customers of WIENER Staedtische osiguranje," commented Branko KRSTONOSIC, General Manager of WIENER Staedtische osiguranje on this occasion.

UNIQA SERBIA continues to grow

Market share increases to 7.3 per cent in third quarter of 2013. Premium volume for life insurance up 18.5 per cent.

DELTA GENERALI Osiguranje, the best insurance company in Serbia in 2013

A few days before the year-end, DELTA GENERALI Osiguranje was designated "The Best Insurance Company in Serbia in 2013" by the British financial magazine "World Finance".
High professional standards, strong ethical principles, innovation, commitment to client needs, speed in claims settling, a wide range of products, as well as customer satisfaction, developed sales network, achieved results and CSR are some of the parameters which individualized DELTA GENERALI Osiguranje both on the life and non-life business segments.