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 2019.

To allow comparison, all local currencies have been converted into euro, using the central banks’ official exchange rates on the last working day of 2019 and 2018, 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.

20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
11Zavarovalnica Triglav d.d.Slovenia659.24.13%70.665.5
22Zavarovalnica Sava d.d.Slovenia428.79.29%38.529.5
34City Insurance SARomania400.328.81%11.910.6
43Croatia Osiguranje d.d.Croatia368.5-1.80%39.436.5
55Vzajemna Zdravstvena Zavarovalnica d.v.z.Slovenia330.88.71%9.80.7
66Adriatic Slovenica d.d.* – non-existentSlovenia309.73.08%6.98.9
77Allianz – Tiriac Asigurari SARomania286.74.62%31.828.8
88Omniasig Vienna Insurance Group SARomania273.411.46%-1.7-5.2
910Euroins Romania Asigurare Reasigurare SARomania267.627.21%-9.16.8
109Dunav Osiguranje ADSerbia242.33.07%25.613.3
20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
1111Groupama Asigurari SARomania227.68.36%-12.6-1.4
1213Generali Osiguranje Srbija ADSerbia197.07.83%33.332.7
1315Allianz Hrvatska d.d.Croatia183.016.82%15.616.7
1417Triglav Zdravstvena Zavarovalnica d.d.Slovenia177.422.64%2.91.3
1514NN Asigurari de Viata SARomania172.77.02%12.611.8
1616Euroherc Osiguranje d.d.Croatia171.814.31%17.719.2
1718Lev Ins ADBulgaria161.913.01%0.80.9
1827Generali Romania SARomania147.956.94%1.49.2
1919Bulstrad Vienna Insurance Group ADBulgaria141.917.77%5.86.8
2020DZI – General Insurance EADBulgaria131.29.29%13.87.1
20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
2122Wiener Osiguranje Vienna Insurance Group d.d.Croatia124.620.89%7.15.7
2230Euroins ADBulgaria124.540.79%2.90.4
2312Asirom Vienna Insurance Group SARomania122.3-32.59%-7.7-41.0
2421Armeec ADBulgaria113.76.89%2.72.7
2537OZK – Insurance ADBulgaria110.548.71%n/a0.3
2628Generali Osiguranje d.d.Croatia108.212.89%1.71.9
2724DDOR Novi Sad ADSerbia107.95.99%8.75.4
2825Wiener Stadtische Osiguranje ADSerbia107.48.19%8.65.7
2923Generali Zavarovalnica d.d.Slovenia105.53.18%3.34.7
3029Adriatic Osiguranje d.d.Croatia101.113.61%8.08.3
20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
3131Generali Insurance ADBulgaria90.84.62%9.53.3
3232Allianz Bulgaria ADBulgaria89.05.08%9.37.7
3326Bul Ins ADBulgaria89.0-9.04%n/a2.8
3433UNIQA Osiguranje d.d.Croatia85.38.99%5.13.2
3535NLB Vita d.d.Slovenia84.59.83%9.08.3
3636UNIQA Asigurari SARomania78.66.67%0.9-3.9
3740Bulstrad Life Vienna Insurance Group ADBulgaria75.335.70%2.21.9
3834BCR Asigurari de Viata Vienna Insurance Group SARomania74.4-1.77%8.2-5.4
3946Dall Bogg Zhivot i Zdrave EADBulgaria73.274.51%1.60.2
4039Triglav Osiguranje d.d.Croatia65.613.67%0.40.8
20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
4147BRD Asigurari de Viata SARomania61.761.39%2.33.1
4238Grawe Hrvatska d.d.Croatia60.74.62%4.34.2
4341Triglav Osiguranje ADSerbia58.418.09%2.12.0
4445Modra Zavarovalnica d.d.Slovenia53.523.78%12.26.3
4542Agram Life Osiguranje d.d.Croatia52.010.24%2.81.7
4643Merkur Zavarovalnica d.d.Slovenia48.32.55%3.03.2
4744Grawe Zavarovalnica d.d.Slovenia46.77.89%1.00.7
4872DZI – Life Insurance ADBulgaria38.782.50%3.44.6
4952UNIQA Nezivotno Osiguranje ADSerbia37.310.58%1.31.5
5048Merkur Osiguranje d.d.Croatia36.4-2.90%3.03.0
20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
5153Sigal UNIQA Group Austria Sh.a.Albania35.34.77%1.11.5
5251Adriatic Osiguranje d.d.Bosnia and Herzegovina35.14.23%2.90.3
5350UNIQA ADBulgaria35.0-1.73%1.70.0
5449UNIQA Life Insurance ADBulgaria34.9-6.85%3.30.6
5559Sarajevo Osiguranje d.d.Bosnia and Herzegovina34.512.97%0.30.2
5655Grawe Osiguranje ADSerbia34.43.58%5.15.3
5765AMS Osiguranje ADSerbia33.619.92%4.81.0
5856Pool-ul de Asigurare Impotriva Dezastrelor Naturale SARomania33.33.88%10.78.3
5958Lovcen Osiguranje ADMontenegro33.17.78%0.60.4
60NewTriglav Pokojninska Druzba d. d.Slovenia33.1n/a1.1-0.4
20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
6160Wiener Stadtische Versicherung AG – Branch LjubljanaSlovenia33.18.25%5.84.5
6257UNIQA Osiguranje d.d. SarajevoBosnia and Herzegovina32.42.52%1.51.1
6361Euroherc Osiguranje d.d.Bosnia and Herzegovina31.73.94%4.63.6
6464Hrvatska Osiguravajuca Kuca d.d.Croatia31.512.21%0.71.4
6562Milenijum Osiguranje ADSerbia30.53.49%3.91.3
6667Grawe Osiguranje d.d. SarajevoBosnia and Herzegovina28.15.27%1.31.0
6783Grawe Romania Asigurare SARomania27.767.98%-3.2-0.8
6868Croatia Osiguranje d.d.Bosnia and Herzegovina26.03.63%0.00.1
6971Triglav Osiguranje d.d. SarajevoBosnia and Herzegovina24.59.67%0.90.9
7069Allianz Bulgaria Life ADBulgaria23.7-5.25%3.70.5
20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
7181Signal Iduna Asigurare Reasigurare SA (formerly known as Signal Iduna Asigurari de Viata SA)Romania23.536.69%0.9-0.2
7270Triglav Insurance ADNorth Macedonia23.2-0.04%0.30.5
7375Sava Nezivotno Osiguranje ADSerbia22.615.43%0.81.2
7479GRAWE Bulgaria Life Insurance EADBulgaria19.69.63%2.11.5
7574Central Osiguranje d.d.Bosnia and Herzegovina19.5-0.36%1.41.7
7677Albsig sh.a.Albania19.41.25%1.30.9
7788Vienna Osiguranje d.d.(former Merkur BH Osiguranje d.d.) Bosnia and Herzegovina19.123.48%0.50.9
7878Eurosig Sh.a.Albania19.02.80%1.10.5
7954Gothaer Asigurari Reasigurari SARomania18.9-41.60%-3.7-8.1
8063Sigma Interalbanian Vienna Insurance Group Sh.a. Albania18.41.12%n/a0.9
20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
8187Prva Osebna Zavarovalnica d.d.Slovenia18.317.69%2.82.8
8273Energia ADBulgaria17.2-15.69%3.94.8
8392ASA Osiguranje d.d.Bosnia and Herzegovina16.618.72%1.10.9
8482Eurolink Osiguruvanje ADNorth Macedonia16.5-5.14%0.00.7
8585UNIQA Zivotno Osiguranje ADSerbia16.2-2.77%1.01.1
8686Wiener Osiguranje Vienna Insurance Group a.d. Banja LukaBosnia and Herzegovina16.02.25%0.1-0.2
8789Makedonija Skopje – Vienna Insurance Group ADNorth Macedonia15.11.90%1.41.4
8893Intersig Vienna Insurance Group Sh.a.Albania14.98.19%n/a0.6
89NewCoface PKZ Zavarovalnica d. d.Slovenia14.83.33%1.21.0
9095Sava Osiguruvanje ADNorth Macedonia14.410.39%0.20.4
20192018Company NameCountryGross written premium 2019Y/Y Change in GWP 2019 (%)Net profit/loss 2019Net profit/loss 2018
9199Sava Osiguranje ADMontenegro13.87.45%1.21.9
9297Asset Insurance ADBulgaria13.65.55%0.60.3
9396UNIQA ADNorth Macedonia13.42.54%-0.40.3
94NewEuroins Insurance AD SkopjeNorth Macedonia13.220.58%0.80.6
95NewWinner Vienna Insurance Group ADNorth Macedonia13.25.03%0.80.7
96100Croatia Osiguruvanje – Life ADNorth Macedonia13.14.49%0.80.6
97NewGrawe Carat Asigurari SAMoldova13.115.36%1.11.3
98NewGroupama Insurance EADBulgaria12.30.21%-0.80.3
99NewUniqa Nezivotno Osiguranje ADMontenegro12.37.35%0.20.1
100NewDunav Osiguranje a.d.Bosnia and Herzegovina12.20.97%0.0-0.9
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