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 2011. To allow comparison, all local currencies have been converted into euro, using the central banks’ official exchange rates on the last working day of 2011 and 2010, 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 230 insurers. landed at 37 and Velebit Osiguranje of Croatia grabbed onto number 100.
Thanks to its new entrants, Bulgaria overtook Romania as the country with the largest number of representatives in the 2011 SEE TOP 100 league table of insurers. The list featured 21 Bulgarian names versus 19 in 2010 and Romania’s contribution slipped from 22 to 20 companies. Croatia was represented by 19 companies compared to 18 previously, while Serbia and Bosnia and Herzegovina had 11 and 10 companies featured respectively, the same numbers as in the 2010 rankings. The number of Slovenian representatives dipped from ten to nine, Macedonia held steady with five entrants and so did Montenegro and Moldova with two each. Albania’s only representative was Sigal UNIQA Group Austria, which climbed to number 60 from 75 in 2010.