The National Bank of Serbia published its first-quarter 2026 insurance sector report, showing total premiums rose 11.6% year on year to RSD 50.2 billion. The sector’s balance sheet expanded 6.4% to RSD 455.8 billion, while capital increased 9.4% to RSD 96.1 billion and technical provisions grew 4.1% to RSD 301 billion. Non-life insurance retained an 82.9% share of premiums, with double-digit growth in property, voluntary health and comprehensive motor vehicle insurance. Available solvency margins substantially exceeded requirements, with capital adequacy ratios of 226.2% for predominantly non-life insurers and 255.6% for predominantly life insurers. Technical provisions were fully invested in prescribed assets, and the sector’s liquid assets covered 104.3% of liquid liabilities. The National Bank of Serbia will continue on-site and off-site supervision and pursue regulatory alignment with the European Union’s Solvency II framework and Insurance Distribution Directive through a new insurance law and secondary legislation.
National Bank of Serbia2026-07-21
National Bank of Serbia reports 11.6% insurance premium growth and strong solvency in first quarter
The National Bank of Serbia reported that first-quarter insurance premiums rose 11.6% year on year to RSD 50.2 billion, while sector assets increased 6.4% to RSD 455.8 billion. Solvency margins remained well above requirements, technical provisions were fully invested in prescribed assets and liquid assets covered short-term liabilities.