Insurance in Serbia refers to the market for risk in the Republic of Serbia. Insurance, generally, is a contract in which the insurer (joint-stock insurance company, mutual insurance company, or reciprocal, for example), agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium).[1]
For example, a property insurance company may agree to bear the risk that a particular piece of property (e.g., a car or a house) may suffer a specific type or types of damage or loss during a certain period of time in exchange for a fee from the policyholder who would otherwise be responsible for that damage or loss. That agreement takes the form of an insurance policy.[2]
The earliest traces are found in medieval Serbia, in Dušan's Code. It is envisaged that the damage to property landlords compensate from the imperial treasury, and then the funds were restored from taxes.
Later, the insurance developed in various forms, through the solidarity of members and their families in fraternities and guild associations, or through forms of marine insurance. The first mention of insurance in Belgrade, was in 1839. year. The salesman, named Zuban, insured house and everything in it to a sum of 175 talers, in Trieste insurance company. Newspapers "Novine srbske" wrote in detail about the case, because after a few days Zubanova house burned to the ground, and full amount was paid to the owner.
Insurance companiesedit
As of 2016, these are the largest companies in Serbian insurance market by premium income:[3]
^Black's Law Dictionary; Sixth Edition; Insurance; p. 802.
^Mayhall, Van, III, Insurance: Defined 20 January 2013 at the Wayback Machine, Insurance Regulatory Law. Retrieved 2011-06-09.
^"INSURANCE SECTOR IN SERBIA" (PDF). nbs.rs (in Serbian). National Bank of Serbia. Retrieved 4 February 2018.
External linksedit
January 01, 1970
insurance, serbia, refers, market, risk, republic, serbia, insurance, generally, contract, which, insurer, joint, stock, insurance, company, mutual, insurance, company, reciprocal, example, agrees, compensate, indemnify, another, party, insured, policyholder, . Insurance in Serbia refers to the market for risk in the Republic of Serbia Insurance generally is a contract in which the insurer joint stock insurance company mutual insurance company or reciprocal for example agrees to compensate or indemnify another party the insured the policyholder or a beneficiary for specified loss or damage to a specified thing e g an item property or life from certain perils or risks in exchange for a fee the insurance premium 1 For example a property insurance company may agree to bear the risk that a particular piece of property e g a car or a house may suffer a specific type or types of damage or loss during a certain period of time in exchange for a fee from the policyholder who would otherwise be responsible for that damage or loss That agreement takes the form of an insurance policy 2 Contents 1 History 2 Insurance companies 3 References 4 External linksHistory editSee also History of insurance The earliest traces are found in medieval Serbia in Dusan s Code It is envisaged that the damage to property landlords compensate from the imperial treasury and then the funds were restored from taxes Later the insurance developed in various forms through the solidarity of members and their families in fraternities and guild associations or through forms of marine insurance The first mention of insurance in Belgrade was in 1839 year The salesman named Zuban insured house and everything in it to a sum of 175 talers in Trieste insurance company Newspapers Novine srbske wrote in detail about the case because after a few days Zubanova house burned to the ground and full amount was paid to the owner Insurance companies editAs of 2016 these are the largest companies in Serbian insurance market by premium income 3 Name Parent Non life premium Non life market share Life premium Life market share Total premium Total market share Dunav osiguranje None 174 43 million 32 6 10 97 million 5 9 185 41 million 25 7 Generali Osiguranje Assicurazioni Generali 104 14 million 19 5 56 47 million 30 1 160 60 million 22 2 DDOR Novi Sad UnipolSai 75 17 million 14 1 8 49 million 4 6 83 66 million 11 6 Wiener Stadtische Vienna Insurance Group 35 81 million 6 7 41 21 million 22 0 77 02 million 10 7 Triglav Osiguranje Triglav Group 32 10 million 6 0 2 15 million 1 2 34 25 million 4 7 Grawe osiguranje Grazer Wechselseitige Versicherung 2 48 million 0 5 28 86 million 15 4 31 34 million 4 3 UNIQA osiguranje UNIQA Assicurazioni 28 93 million 5 4 0 0 0 28 93 million 4 0 References edit Black s Law Dictionary Sixth Edition Insurance p 802 Mayhall Van III Insurance Defined Archived 20 January 2013 at the Wayback Machine Insurance Regulatory Law Retrieved 2011 06 09 INSURANCE SECTOR IN SERBIA PDF nbs rs in Serbian National Bank of Serbia Retrieved 4 February 2018 External links edit Retrieved from https en wikipedia org w index php title Insurance in Serbia amp oldid 1050300006, wikipedia, wiki, book, books, library,
