Serbian Gross Premiums Rise 6.2% in First Half to $346 Million

Gross written insurance premiums in Serbia rose 6.2 percent in the first six months, led by a 17.4 percent growth in life insurance policies, the central bank said.

The premiums reached 32.5 billion dinars ($346 million), with non-life premiums accounting for 83 percent and life policies for 17 percent of the total, Narodna Banka Srbije said in a report on its website. A year earlier, the ratio was 84.6 percent against 15.4 percent, according to the report.

Dunav Osiguranje AD (DNOS), DDOR Novi Sad AD (DDNS) and Delta Osiguranje AD (DEOS), a unit of Assicurazioni Generali SpA (G), remained the three biggest among 28 insurers on the market, said the central bank which supervises the entire financial industry including banks, insurance companies and pension funds.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

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

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