Total premiums of Generali Osiguranje at RSD 9.4 billion in H1 2015

Within the first half of 2015, Generali Osiguranje Serbia continued to improve its development of total premiums and market share. The company closed the semester with excellent results and increased its market share up to 23% (20.6% 1H14).

Gross written premiums increased remarkably by 29.4% to over RSD 9.4 billion (RSD 7.3 billion 1H14), while the total Serbian insurance market recorded the growth of 15.9%.

In the Life segment the premium income increased significantly by 36.4% to RSD 3.0 billion (RSD 2.2 billion 1H14). With 34.6% of market share the Company has strengthened its undisputed number one position in the Life insurance market in Serbia.

The Property & Casualty (P&C) total premiums amount to RSD 6.4 billion (+26.3%; RSD 5.1 billion 1H14), followed by the increase of market share up to 19.8% (17.9% 1H2014) that secured this company the number two position in that segment in our market.

- We will continue the same path in the second half of 2015, following the Group strategy in order to become the leading retail insurance company on the market, providing effective solutions that focus more on clients - said Generali Osiguranje Srbija CEO Andrea Simoncelli.