The UNIQA Group Austria has been active on the Serbian insurance market since the end of 2006, following the acquisition of 80% of Zepter osiguranje. UNIQA osiguranje now operates 40 branches across Serbia and has around 600 employees. According to preliminary figures, UNIQA osiguranje has achieved premium growth of over 50% in 2008, in comparison to the average premium growth on the Serbian insurance market of around 15% versus the previous year.

With the gross written premium of around EUR 31 million, UNIQA has gained around 1% of market share during the year 2008, to around 5% of the market share. Highest growth has been achieved in auto and property insurance. With EUR 23,3 million the premium income in 2008 nearly doubled in comparison to the previous year.

"For the second year in a row, UNIQA osiguranje has achieved over 50% premium growth and the highest growth rate on the Serbian insurance market. This represents a significant achievement of our team and another proof that we have the right strategy for the market. Also, with the additional capitalization of both UNIQA life and non-life companies in Serbia at the end of 2008, UNIQA group has supported the tremendous growth of the company and set up the basis for further development", Zoran Visnjic, Chairman of the Management Board of UNIQA osiguranje, said.

Some of the major activities planned for 2009 are continued development of the preferred partnership with Raiffeisen Bank and further modernization and optimization of business operations.