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Dunav Osiguranje's share of Serbian insurers' premium income falls in Q1 - table

Author Radomir Ralev
Dunav Osiguranje's share of Serbian insurers' premium income falls in Q1 - table Dunav Osiguranje logo

BELGRADE (Serbia), August 5 (SeeNews) – Insurer Dunav Osiguranje saw its share of the total premium income of Serbia's insurance sector decline to 25.7% at the end of March from 28.0% a year earlier, but the company remains leader in the sector, the central bank said.

Dunav Osiguranje generated a premium income of 6.394 billion dinars ($60.3 million/54.3 million euro) in the first quarter of 2019, the largest premium income among Serbian insurers, the central bank, NBS, said in a report on the performance of the country's insurance sector.

Generali followed with 5.489 billion dinars of premium income, or 22.1% of the total, according to the report.

The capital adequacy ratio of Serbian life insurers stood at 276.9% at the end of March, while the capital adequacy ratio of non-life insurers amounted to 231.3%, NBS said.

Details of the premium income of the top five Serbian insurers follow (in billions of dinars):

  Q1'19 Q1'18
  Premiums % of total Premiums % of total
Dunav Osiguranje 6.394 25.7 6.923 28.0
Generali Srbija 5.489 22.1 5.636 22.8
DDOR Novi Sad 2.938 11.8 2.870 11.6
Wiener Staedtische osiguranje 2.917 11.7 2.671 10.8
Triglav Osiguranje 1.658 6.7 1.454 5.9

(1 euro = 117.754 dinars)

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