Top 100 Insurers

Against the backdrop of political and regulatory uncertainty, consistently low interest rates and increased competition, the top insurers in Southeast Europe (SEE) booked record high gross written premiums (GWPs) and net profit for a second straight year in 2017.

The top 100 insurers generated 7.5 billion euro in GWP in 2017, as 79 of them saw an increase in their GWP, including 31 that posted double-digit growth. The major insurers in the region also managed to grow their combined profit by an annual 10.2% to a record-high 397.9 million euro.

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

2017 2016 Company name Country Gross written premium 2017 Y/Y change in GWP Net profit/loss 2017 Net profit/loss 2016
61 75

Olympic Insurance Company - Bulgaria Branch Office

Bulgaria 27.5 36.23% -23.4 -11.1
62 60

Allianz Bulgaria Life AD

Bulgaria 27.2 -3.66% 3.4 3.2
63 62

Hrvatska Osiguravajuca Kuca d.d.

Croatia 26.7 7.5% 1.1 1.5
64 68

Milenijum Osiguranje AD

Serbia 26.1 10.88% 3.3 -0.522
65 67

Adriatic Osiguranje d.d. (formerly Bosna-Sunce Osiguranje d.d.)

Bosnia and Herzegovina 25.6 2.57% 2.3 1.2
66 72

Gothaer Asigurari Reasigurari SA

Romania 25.6 21.67% -4.6 -7.3
67 81

Sigma Interalbanian Vienna Insurance Group Sh.a.

Albania 25.4 -0.98% 0.637 0.127
68 66

AMS Osiguranje AD

Serbia 24.9 3.82% 2.1 0.71
69 63

Croatia Osiguranje d.d.

Bosnia and Herzegovina 24.6 2.7%% 0.818 1.2
70 64

Erste Osiguranje Vienna Insurance Group d.d.

Croatia 24.3 4.17% 2.1 1.7