UNEP Finance Initiative | Economy Division | UN Environment, Geneva, Switzerland
Dunav Re a.d.o. became a signatory to the United Nations Principles for Sustainable Insurance (UN PSI) on May 13, 2022 and thereby a member of the global community of banks, insurers and investors joining the United Nations Environment Programme Finance Initiative
(UNEP FI).
Our approval of the Principles is a concrete example of leadership and commitment to sustainability. Our future activities related to sustainable development will be focused on turning the four Principles for Sustainable Insurance into practice and in strengthening the contribution of insurance industry as risk managers, insurers and investors to economic, social and environmental sustainability.
Together we can do more. Together we can reach a safe future. Aiming to contribute in the fight against Covid-19 epidemic, our company donated 3 million RSD to the Serbian Health Insurance Fund.
LONDON – JULY 31, 2020 11:07 AM (EDT)
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Dunav-Re a.d.o. Belgrade (Dunav Re) (Serbia), a subsidiary of Dunav Osiguranje a.d.o. Belgrade (Dunav Insuarance) (Serbia). The outlook of the Credit Ratings (ratings) is stable.
The leading position in the domestic market
An active role in the foreign reinsurance market
A long-term partnership with customers and other reinsurers from the country and abroad
Respecting customer needs and opinions
Continuous improvement of service quality
Respecting the general economic principles
Respecting the principles of the profession reinsurance
Timely identification and assessment of assumed insurance risks
Reinsurance protection of the acquired portfolio
Secure and profitable investment
Risk management in order to protect long-term security and business stability
Implementation of internal controls
The business strategy is based on objective, comprehensive and reliable analysis of the current condition, as well as creative insights not only of desirable and realistic but also of bad scenarios of future situations.
Dunav Re, in its strategic orientation, opted for the strategy of minimizing weaknesses in order to take advantage of the opportunity of the so-called Mini – maxi strategy.
My cooperation with the reinsurer Dunav Reinsurance JSC started in 1998, while the company where I then was working “Harris and Dixon Ltd.” , has been doing business with the Dunav Reinsurance JSC since its establishment of the company…
The international reinsurance industry is today very suitable for reinsurance clients since the market has a surplus of capacity. Rates are still low while they are the conditions of sale under pressure and are often extended in favour of the client….
The European office of Axis Re in Zurich was established in 2003 and from the very beginning we were interested in the region of central and southern Europe, because of its size and importance, and especially for the markets of the former Yugoslav republics…
The current situation in the reinsurance industry shows all the characteristics of a very competitive market where unfavorable economic conditions in other spheres of providing financial services resulted in an increase in the number of players in the reinsurance market…
