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DDOR Novi Sad

Serbian insurance company


Serbian insurance company

FieldValue
nameDDOR Novi Sad
logoFile:DDOR Novi Sad logo.png
logo_captionOfficial logo
imageFile:Headquarters of DDOR osiguranje in Novi Sad.jpg
image_size250px
image_captionHeadquarters of DDOR Novi Sad
trading_name
native_nameДДОР Нови Сад
native_name_langsrb
typeJoint-stock company
industryFinance and Insurance
genre
foundation(Current form)
(Founded)
defunct
location_cityBulevar Mihajla Pupina 8, Novi Sad
location_countrySerbia
locations
area_servedSerbia
key_peopleVladimir Malešević (Chairman of Executive Board)
servicesNon-life insurance
Life insurance
revenue€90.22 million (2018)
net_income€5.51 million (2018)
aum
assets€159.39 million (2018)
equity€49.06 million (2018)
ownerUnipolSai (100.00%)
num_employees1,379 (2018)
homepage
footnotesBusiness ID: 08194815
Tax ID: 101633677

(Founded) Life insurance Tax ID: 101633677

DDOR Novi Sad (ДДОР Нови Сад) is a Serbian insurance company based in Novi Sad, Serbia. It is the third largest insurance company in Serbia by market share, offering auto, home, commercial and life insurance.

History

In 1945, the government founded the National Insurance and Reinsurance Bureau after the Second World War. By 1950 two offices were set up in Novi Sad. Both offices started operating as branch offices of NIB. By the end of 1961, the National Insurance Bureau was dissolved. The former NIB's branch offices became insurance bureaus but new insurance bureaus were also founded to cover the area of one or more municipalities. On the basis of provisions of the Law on Insurance Bureau and Communities of Insurance (terminology used during socialism), at the end of 1961, the municipality of Novi Sad made the decision with regard to establishing of the "Novi Sad" Insurance Bureau. Their activities were carried out on the territory of the municipality of Novi Sad and they were considered to be a legal successor to the former NIB, with their headquarters located in Novi Sad. Besides "Novi Sad" Insurance Bureau, that only re-registered its name, in 1968 another insurance firm was established in Novi Sad - "Vojvodina" Insurance Bureau. The two companies merged into one in 1981.

On 25 June 1990, DDOR Novi Sad became the first joint stock insurance company on the territory of the former SFR Yugoslavia.

As of 2016, DDOR Novi Sad has 14.1% of non-life premium income market share and 11.6% of market share in total in Serbia, making it the third largest insurance company in the Serbian insurance market.

Ownership

On 26 July 2006 state office for privatization started the process to sell state shares in the company. On 26 November 2007, it was announced that 100% of the state stake in DDOR was sold to Italian company Fondiaria-Sai (now part of UnipolSai) for €264 million.

As of February 2018, DDOR Novi Sad is fully owned by UnipolSai.

References

References

  1. (July 2025). "КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2018) - DDOR Novi Sad".
  2. (July 2025). "КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2018) - DDOR Novi Sad".
  3. (August 2020). "Основни подаци о привредном друштву". Serbian Business Registers Agency.
  4. "INSURANCE SECTOR IN SERBIA". National Bank of Serbia.
  5. [http://www.ddor.co.rs/en/news/ ddor.co.rs; news]
  6. Војводине, Јавна медијска установа ЈМУ Радио-телевизија. "DDOR prodat "Fondijariji" za 264,05 miliona evra".
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