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

1Q2017Market portfolioxlsx
1Q2017Insurance companies rankingsxlsx
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FY2014Market Portfolioxlsx
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1H2014Insurance market overview pdf
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1H2014Insurance companies rankingsxlsx
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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
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1Q2012Insurance companies rankingsxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
3Q2011Market Portfolioxlsx
3Q2011Insurance Companies Rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
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 Timeline 2008 -2017

Serbia 3Q2018 Market Portfolio

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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.

SERBIA: New insurance law in first half of 2014 (Krstic)

Serbian Finance Minister Lazar Krstic said on Monday that amendments to the Insurance Law would extend the deadline by which insurance companies have to separate operations relating to life and non-life insurance and liberalize the natural disaster insurance market.

Serbian reinsurance market may be liberalized soon

Gross premium written by the four Serbian reinsurance companies amounted to a total of RSD 8 billion (EUR 77 million) in 2012, almost 11% up as compared with the previous year. "Dunav Re, which is owned by the state-owned direct insurer DUNAV, is the leading reinsurer with a market share of 38,21% in 2012. WIENER Re, owned by Prague based VIG Re, is holding a market share of 36.78%," told xprimm, Vidan SLANA, CEO WIENER Re a.d.o. Beograd, member of the Vienna Insurance Group.

SERBIA plans reform of pension system by year end

Serbia's First Deputy Prime Minister Aleksandar Vucic said that the government's objective is to create a healthy and sustainable economy, and confirmed that the reform of the pension system will be completed by the end of winter.

SERBIA, 1Q2013: Slowing down without leaving the positive territory

On the Serbian insurance market the first quarter of 2013 didn't bring significant changes, unless the somewhat slowed pace visible both on the life and non-life business side. Thus, the market indicators denominated in local currency show a 2.29% y-o-y overall growth rate in 1Q2012, as compared with the FY2012 growth rate of 7.24%. The same trend is noticeable for the y-o-y comparison, as in 1Q2012 the Serbian's insurance market growth rate stood at 3.9%.

SERBIA: IFC is in talks on becoming a minority shareholder in DUNAV Osiguranje

The International Finance Corporation (IFC) is in talks on becoming a minority shareholder in Serbia's state-owned insurance company Dunav Osiguranje, with a stake of up to 20%, with the aim to improve the insurer's corporate governance, according to Finance and Economy Minister Mladjan Dinkic. This would help Serbia get a better price and find a good-quality strategic partner for Dunav in the future. He also said that Cacanska Banka will be sold if it attracts serious interest.

SERBIA, FY 2012: Currency depreciation pushes market's dynamic under the zero line

With a 1.3% annual decrease in GWP, the Serbian insurance market mirrored the recession challenging the country in 2012. The mentioned decrease rate corresponds to the market figures denominated in European currency and is obviously affected by the 8% depreciation of the Serbian currency in relation to Euro. Thus, in Serbian Dinars, the insurance market showed a positive evolution last year, of 7.2%.