Serbian Gross Premiums Rose to 57 Billion Dinars, Central Bank

Serbian gross written insurance premiums rose to 57 billion dinars ($681.5 million) last year, central bank Vice Governor Mira Eric-Jovic said.

“Insurance companies in Serbia had a positive result in 2011,” Eric-Jovic said today at an insurers’ forum in Belgrade, without disclosing details. “While this marked a nominal increase, the premiums declined in real terms,”

The industry had 56.5 billion dinars in gross premiums at the end of 2010, according to central bank figures. The National Bank of Serbia is supervising the entire financial industry including banks, insurance companies and pension funds. The central bank is due to issue final quarterly reports for all three industries by early April.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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