The 9th Serbian Insurance Days, held under the slogan “Ajde, Jano, kuću da osiguramo” (“Come on, Jana, let’s insure the house”), opened on November 26 in Zlatibor, bringing together more than 400 participants from across Serbia’s insurance sector to discuss industry trends and future priorities.
In his opening address, Miloš Milanović, Member of the Executive Board of Dunav Insurance Company and President of the Assembly of the Association of Serbian Insurers (UOS), highlighted the sector’s strong performance, emphasizing sustained growth, significantly strengthened technical reserves, and rising professional credibility.
He noted that over the observed period, gross written premiums have doubled, while technical reserves have increased by 85 percent.
“The insurance sector has become a reliable pillar of stability—supporting both citizens and the economy by helping them achieve their goals while protecting their assets,” Milanović said.
Milanović also underscored the important role of the National Bank of Serbia in maintaining market stability. He outlined several initiatives led by the Association of Serbian Insurers aimed at strengthening public trust and improving financial literacy. These include a tripartite agreement between the UOS, the Association of Serbian Banks, and the Chamber of Commerce and Industry of Serbia to promote financial education and closer engagement with citizens; the rollout of the UOS information system to simplify the issuance of motor liability insurance policies in Republika Srpska; and a three-year educational program developed in cooperation with the University of Belgrade Faculty of Law, designed to train 180 young insurance professionals.
This year’s conference placed particular emphasis on property insurance, examining current market developments and strategic priorities essential for the growth of the insurance sector, the wider financial industry, and the Serbian economy. Key topics included insurance transformation and innovation, implementation of the Solvency II framework, the evolution of supervisory powers in financial markets, global reinsurance trends, investment in human capital, and analytical reviews of specific insurance lines.
Dunav Insurance Records Strongest Results to Date
The first nine months of 2025 marked a record-breaking period for Dunav Insurance, with the company achieving its highest-ever premiums and profits and projecting continued growth through year-end.
“Dunav Insurance ranks among the top ten insurers in Southeast Europe by written premium and is the only company on that list headquartered outside the European Union,” Milanović said. “Our ambition is to maintain—and potentially improve—this position, while demonstrating both the strength of our financial sector and the broader economic capacity of Serbia.”
During the first nine months of 2025, Dunav Insurance generated a gross insurance premium of 37.6 billion dinars, representing a 9.3 percent increase, or 3.2 billion dinars, compared to the same period in 2024.
Claims settlement efficiency remained at a consistently high level, while net profit rose 39.6 percent year-on-year.
As of September 30, 2025, the value of the company’s investment assets reached 52.66 billion dinars, an increase of 4.95 billion dinars compared to the end of 2024. Technical reserves totaled 53.88 billion dinars, reflecting a 9.5 percent increase, or 4.67 billion dinars, compared to the same period last year.
The company’s capital adequacy ratio remains well above the regulatory minimum, with the available solvency margin standing at three times the required level.
These results reaffirm the confidence that policyholders and the broader economy place in Dunav Insurance and highlight the company’s ongoing commitment to meeting citizens’ needs through stable operations and innovative insurance solutions.