Top 100 Insurers - Top 100

Top 100 Insurers

SEE TOP 100 insurers is a ranking of the largest insurers (excluding re-insurers) in Southeast Europe in terms of gross written premium from non-consolidated income statements for 2020.

To allow comparison, all local currencies have been converted into euro, using the central banks’ official exchange rates on the last working day of 2020 and 2019, respectively. Local currency figures have been used when calculating year-on-year changes.

All data is sourced from central banks, national commercial registers, financial supervision commissions, insurance associations, government and corporate websites, and companies themselves.

The initial pool of companies exceeds 240 insurers.

Gross written premium and net profit/loss figures are in millions of euro.

2020 2019 Company Name Country Gross written premium 2020 Y/Y Change in GWP 2020 (%) Net profit/loss 2020 Net profit/loss 2019
1 1 Zavarovalnica Triglav d.d. Slovenia 647.6 -1.76% 58.0 70.6
2 3 City Insurance SA Romania 474.0 20.66% -4.9 11.9
3 2 Zavarovalnica Sava d.d. Slovenia 447.0 4.27% 48.9 38.5
4 28 Generali Zavarovalnica d.d. Slovenia 426.1 303.85% 5.7 3.3
5 4 Croatia Osiguranje d.d. Croatia 363.8 0.11% 30.5 39.4
6 5 Vzajemna Zdravstvena Zavarovalnica d.v.z. Slovenia 342.8 3.62% 11.9 9.8
7 7 Omniasig Vienna Insurance Group SA Romania 284.2 5.89% 5.5 -1.7
8 8 Euroins Romania Asigurare Reasigurare SA Romania 268.4 2.21% -45.8 -9.1
9 9 Dunav Osiguranje AD Serbia 253.2 4.45% 27.3 25.6
10 10 Allianz - Tiriac Asigurari SA Romania 237.2 1.43% 24.4 31.8
11 11 Groupama Asigurari SA Romania 218.3 4.30% 3.5 -12.6
12 14 Triglav Zdravstvena Zavarovalnica d.d. Slovenia 196.4 10.70% 4.8 2.9
13 12 Generali Osiguranje Srbija AD Serbia 188.3 -4.44% 32.0 33.3
14 16 Euroherc Osiguranje d.d. Croatia 178.0 4.89% 16.4 17.7
15 15 NN Asigurari de Viata SA Romania 175.3 3.45% 17.0 12.6
16 17 Lev Ins AD Bulgaria 156.7 -3.21% 2.9 0.8
17 21 Euroins AD Bulgaria 152.6 22.64% 3.3 2.6
18 13 Allianz Hrvatska d.d. Croatia 151.5 -16.18% 7.2 15.6
19 18 Bulstrad Vienna Insurance Group AD Bulgaria 146.1 2.99% 7.8 5.8
20 29 Adriatic Osiguranje d.d. Croatia 132.9 33.10% 9.1 8.0
21 19 DZI - General Insurance EAD Bulgaria 132.2 0.74% 21.4 13.8
22 22 Asirom Vienna Insurance Group SA Romania 130.0 15.91% -2.4 -7.7
23 20 Wiener Osiguranje Vienna Insurance Group d.d. Croatia 129.7 5.44% 5.3 7.1
24 27 Wiener Stadtische Osiguranje AD Serbia 113.0 5.23% 10.3 8.6
25 26 DDOR Novi Sad AD Serbia 111.7 3.52% 10.6 8.7
26 23 Armeec AD Bulgaria 105.0 -7.65% 3.4 2.7
27 39 Dall Bogg Zhivot i Zdrave EAD Bulgaria 102.3 39.81% 1.5 1.6
28 25 Generali Osiguranje d.d. Croatia 100.1 -6.27% -2.4 1.7
29 24 OZK - Insurance AD Bulgaria 93.1 -15.79% 2.8 1.8
30 30 Generali Romania SA Romania 91.2 -4.57% 7.5 1.4
32 33 Bul Ins AD Bulgaria 84.0 -5.53% 0.3 2.8
33 32 Allianz Bulgaria AD Bulgaria 81.1 -8.88% 11.1 9.3
34 35 Vita d.d. (formerly known as NLB Vita d.d.) Slovenia 77.2 -8.58% 8.7 9.0
35 37 BCR Asigurari de Viata Vienna Insurance Group SA Romania 76.4 0.84% 6.2 7.3
36 34 UNIQA Osiguranje d.d. Croatia 76.0 -9.79% 3.2 5.1
37 36 UNIQA Asigurari SA Romania 75.8 -1.66% 0.8 0.5
38 40 Triglav Osiguranje d.d. Croatia 72.9 12.55% -2.6 0.4
39 44 Modra Zavarovalnica d.d. Slovenia 61.9 15.75% 4.0 12.2
40 43 Triglav Osiguranje AD Serbia 61.0 4.50% 3.9 2.1
41 42 Grawe Hrvatska d.d. Croatia 57.6 -3.85% 1.7 4.3
42 38 Bulstrad Life Vienna Insurance Group AD Bulgaria 53.2 -29.33% 2.1 2.2
43 46 Merkur Zavarovalnica d.d. Slovenia 52.1 7.92% 3.1 3.0
44 45 Agram Life Osiguranje d.d. Croatia 51.5 0.21% 4.0 2.8
45 41 BRD Asigurari de Viata SA Romania 50.3 -16.91% 1.1 2.3
46 47 Grawe Zavarovalnica d.d. Slovenia 47.1 1.00% 1.3 1.0
47 48 DZI - Life Insurance AD Bulgaria 38.1 -2.68% 2.3 3.4
48 66 Grawe Romania Asigurare SA Romania 37.9 39.39% -3.5 -3.2
49 56 Grawe Osiguranje AD Serbia 37.3 8.26% 7.2 5.1
50 52 Adriatic Osiguranje d.d. Bosnia and Herzegovina 35.6 1.31% 3.1 2.9
51 60 Wiener Stadtische Versicherung AG - Branch Ljubljana Slovenia 34.9 5.61% 5.2 5.8
52 57 AMS Osiguranje AD Serbia 34.3 2.30% 5.0 4.8
53 55 Sarajevo Osiguranje d.d. Bosnia and Herzegovina 34.0 -1.58% 0.3 0.3
54 58 Pool-ul de Asigurare Impotriva Dezastrelor Naturale SA Romania 33.9 3.51% 8.4 7.6
55 49 UNIQA Nezivotno Osiguranje AD Serbia 33.2 -11.07% -0.7 1.3
56 50 Merkur Osiguranje d.d. Croatia 32.9 -8.58% 1.6 3.1
57 99 Onix Asigurari SA Romania 32.2 170.37% 7.4 4.1
58 62 Euroherc Osiguranje d.d. Bosnia and Herzegovina 32.0 1.01% 4.8 4.6
59 59 Lovcen Osiguranje AD Montenegro 32.0 -3.47% 3.9 0.6
60 53 UNIQA AD Bulgaria 31.9 -8.85% 1.0 1.7
62 51 Sigal UNIQA Group Austria Sh.a. Albania 31.5 -9.38% 3.7 1.1
63 63 Hrvatska Osiguravajuca Kuca d.d. Croatia 31.0 -0.46% 1.0 0.7
64 64 Milenijum Osiguranje AD Serbia 30.0 -1.61% 5.3 3.9
65 65 Grawe Osiguranje d.d. Sarajevo Bosnia and Herzegovina 28.1 0.16% 2.1 1.3
66 68 Triglav Osiguranje d.d. Sarajevo Bosnia and Herzegovina 27.6 11.06% 1.3 0.9
67 72 Signal Iduna Asigurare Reasigurare SA (formerly known as Signal Iduna Asigurari de Viata SA) Romania 26.5 26.81% 0.8 0.1
68 54 UNIQA Life Insurance AD Bulgaria 26.2 -25.02% 2.4 3.3
69 69 Allianz Bulgaria Life AD Bulgaria 22.3 -6.11% 3.2 3.7
70 75 Albsig sh.a. Albania 21.7 13.51% 1.3 1.3
71 74 Central Osiguranje d.d. Bosnia and Herzegovina 21.7 10.92% 0.0 1.4
72 71 Sava Nezivotno Osiguranje AD Serbia 20.8 -8.21% 1.4 0.8
73 70 Triglav Insurance AD North Macedonia 20.0 -13.56% 1.1 0.2
74 84 ASA Osiguranje d.d. Bosnia and Herzegovina 19.5 17.43% 1.3 1.1
75 80 Prva Osebna Zavarovalnica d.d. Slovenia 19.4 6.09% 3.6 2.8
76 73 GRAWE Bulgaria Life Insurance EAD Bulgaria 19.3 -1.29% 1.1 2.1
77 67 Croatia Osiguranje d.d. Bosnia and Herzegovina 18.7 -28.02% 0.4 0.0
78 new Grawe Osiguranje a.d. Banja Luka Bosnia and Herzegovina 18.3 69.15% 1.0 0.4
79 76 Vienna Osiguranje d.d.(former Merkur BH Osiguranje d.d.) Bosnia and Herzegovina 17.6 -7.79% 0.1 0.5
80 new Globos Osiguranje AD Serbia 17.5 687.12% 0.0 -0.1
81 82 UNIQA Asigurari de Viata SA Romania 17.4 3.43% 0.9 1.0
82 79 Sigma Interalbanian Vienna Insurance Group Sh.a. Albania 16.8 -7.43% 0.9 1.0
83 77 Eurosig Sh.a. Albania 16.5 -11.87% 0.3 1.1
84 83 Allianz Zavarovalna Podruznica - non-existent Slovenia 16.1 -4.28% -2.5 -1.9
85 78 Gothaer Asigurari Reasigurari SA Romania 16.0 -13.68% -4.4 -3.7
86 81 Energia AD Bulgaria 15.7 -8.43% 5.0 3.9
87 85 Eurolink Osiguruvanje AD North Macedonia 15.6 -4.89% 0.4 0.0
88 86 UNIQA Zivotno Osiguranje AD Serbia 14.5 -10.27% 1.1 1.0
89 87 Makedonija Skopje - Vienna Insurance Group AD North Macedonia 14.0 -7.02% 0.9 1.4
90 90 Sava Osiguruvanje AD North Macedonia 13.8 -4.29% 0.5 0.2
91 93 UNIQA AD North Macedonia 13.4 0.53% 0.0 -0.4
92 new Halk Osiguruvanje AD (formerly known as Albsig AD) North Macedonia 13.3 57.03% 0.0 -2.3
93 100 Groupama Insurance EAD Bulgaria 13.1 10.67% 0.5 -0.8
94 91 Sava Osiguranje AD Montenegro 12.8 -6.70% 1.8 1.2
95 92 Asset Insurance AD Bulgaria 12.6 -7.01% 1.4 0.6
96 97 Grawe Carat Asigurari SA Moldova 12.6 5.64% 1.2 1.1
97 new Intersig Vienna Insurance Group Sh.a. Albania 12.5 90.03% 0.7 0.7
98 88 Coface PKZ zavarovalnica d.d. (formerly known as SID – Prva Kreditna Zavarovalnica d.d.) Slovenia 12.3 -16.64% 2.2 1.2
99 89 Coface PKZ Zavarovalnica d. d. Slovenia 12.3 -16.64% 2.2 1.2
100 94 Euroins Insurance AD Skopje North Macedonia 11.8 -10.64% 0.8 0.8
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