Dunav Osiguranje
Dunav Osiguranje is a publicly listed Serbian insurance company, founded in 1974, providing insurance, reinsurance, coinsurance, and related insurance services. It trades as a BELEX15 blue-chip stock on the Belgrade Stock Exchange and primarily serves the Serbian market.
- Company typePublic
- Founded1974
- HeadquartersAleksinac
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Dunav Osiguranje does
Dunav Osiguranje is a publicly listed Serbian insurance company that provides insurance, reinsurance, coinsurance, and other insurance business services. Founded in 1974 and headquartered in Aleksinac, Serbia, the company operates with a workforce of 1,001-5,000 employees and is incorporated as Dunav Osiguranje a.d. Its shares trade on the Belgrade Stock Exchange under the BELEX15 blue-chip index, a positioning that reflects its status as one of the 15 leading publicly traded equities in the Serbian market.
The company's revenue base grew from approximately 323 billion in local currency in 2020 to approximately 444 billion in 2024, representing roughly 37% cumulative growth over the four-year period, with the most pronounced acceleration occurring in 2023 (+16.4% YoY) and 2024 (+15.6% YoY). Net income followed a non-linear path, dropping to a trough of ~13 billion in 2022 before recovering to ~31 billion in 2024, indicating a margin recovery cycle layered on top of top-line growth. EBITDA scaled to ~36 billion in 2024 with an enterprise value of ~246 trillion local currency.
Business model mechanics are those of a traditional insurance carrier: premium collection across underwriting lines, reinsurance ceding, and coinsurance arrangements, with policy-level pricing that is not publicly disclosed. Customer-base composition, segment mix, distribution channel detail, and named client logos are not provided in the source data. Leadership comprises Tatjana Vukic as Chairman & President of the Supervisory Board and Ivana Sokovic as Chair of the Executive Board & CEO. Operating geographies are anchored in Serbia with a stated Southeast Europe regional scope, though no specific cross-border expansion footprint is documented in the supplied material.
Dunav Osiguranje firmographics
Firmographics- Name
- Dunav Osiguranje
- Legal name
- Dunav Osiguranje
- Website
- https://dunav.com
- Company type
- Public
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Dunav Osiguranje is a publicly listed Serbian insurance company, founded in 1974, providing insurance, reinsurance, coinsurance, and related insurance services. It trades as a BELEX15 blue-chip stock on the Belgrade Stock Exchange and primarily serves the Serbian market.
- Ownership category
- akta.pro rank
Where Dunav Osiguranje is headquartered
LocationHeadquarters
- HQ city
- Aleksinac
Markets served
Dunav Osiguranje business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Dunav Osiguranje product offering
Product offeringCore offering
Dunav Osiguranje is a Serbian insurance company that provides insurance, reinsurance, coinsurance, and other insurance business services. Founded in 1974 and headquartered in Aleksinac, it operates as a publicly traded entity on the Belgrade Stock Exchange (ticker: belex:DNOS) and is a member of the BELEX15 blue-chip index.
Differentiator
Problem solved
Functional benefit
Products and services
- Insurance Core insurance products covering personal and commercial lines (such as motor, property, life, and other standard classes) sold to individual and corporate policyholders in Serbia.
- Reinsurance Reinsurance services through which Dunav Osiguranje accepts risk ceded by other insurers, typically serving institutional/counterparty insurance carriers.
- Coinsurance Coinsurance arrangements in which risk is shared between Dunav Osiguranje and partner insurers on the same policy or portfolio.
Companies that use Dunav Osiguranje
Customer profileIdeal customer profiles2 records
Dunav Osiguranje technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Dunav Osiguranje partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights3 records
Dunav Osiguranje competitors and assessment
Company assessmentDirect peers
- DDOR Novi Sad: One of the largest Serbian insurance companies offering life and non-life cover. Direct competitor to Dunav across the same domestic market with overlapping product lines and distribution.
- Delta Generali Osiguranje: Serbian joint venture between Delta Holding and Generali Group, offering life and non-life insurance. Competes head-to-head with Dunav in the Serbian retail and corporate segments.
Broad incumbents
- Generali: Global insurer with a direct Serbian subsidiary (partner in Delta Generali). Operates the same insurance product categories as Dunav at a much larger scale across Europe.
- Allianz SE: World's largest insurance and asset management group, present across SEE. Comparable in offering the full suite of life, P&C, and health products, though at vastly greater scale and geographic breadth.
- AXA: Global insurance leader with P&C, life, and health lines. Operates in adjacent CEE markets and competes for cross-border corporate accounts that Dunav also serves.
Regional players
- Triglav Group: Leading Slovenian insurance group with established SEE operations including Serbia. Comparable multi-line insurer serving overlapping regional customer base with similar reinsurance exposure.
- Pozavarovalnica Sava: Slovenian insurance and reinsurance group with SEE presence. Comparable diversified insurance/reinsurance business model and geographic overlap in the Western Balkans.
- Uniqa Insurance Group: Austrian insurer with significant CEE and SEE operations (including Serbia). Comparable in product breadth, distribution model, and exposure to emerging European insurance markets.
- Vienna Insurance Group (VIG): Austrian insurer with one of the largest CEE footprints, including Serbian subsidiaries. Competes for the same corporate and retail customers in SEE with a similar multi-line, multi-country model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Dunav Osiguranje social profiles
Digital presenceDunav Osiguranje financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dunav Osiguranje leadership team
Management profileNumber of profiles
Profiles2 records
Dunav Osiguranje funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dunav Osiguranje M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dunav Osiguranje
What does Dunav Osiguranje do?
Dunav Osiguranje is a Serbian insurance company that provides insurance, reinsurance, coinsurance, and other insurance business services. Founded in 1974 and headquartered in Aleksinac, it operates as a publicly traded entity on the Belgrade Stock Exchange (ticker: belex:DNOS) and is a member of the BELEX15 blue-chip index.
Is Dunav Osiguranje a public or private company?
Dunav Osiguranje is a public company. It is classified as public and is currently operating.
When was Dunav Osiguranje founded?
Dunav Osiguranje was founded in 1974. It employs 1,001 to 5,000 people.
Where is Dunav Osiguranje based?
Dunav Osiguranje is headquartered in Aleksinac.
Who are Dunav Osiguranje's main competitors?
Direct peers on record are DDOR Novi Sad and Delta Generali Osiguranje. Broad incumbents are Generali, Allianz SE and AXA. Regional players are Triglav Group, Pozavarovalnica Sava, Uniqa Insurance Group and Vienna Insurance Group (VIG).
Does Dunav Osiguranje have an API?
No public API is recorded for Dunav Osiguranje.