In the early 20th century, a few foreign insurance companies were founded, but ceased their operations at the beginning of the World War II.

[5] After World War II, insurance passed into the domain of the state, due to the changes caused by the socialist revolution.

The National Insurance and Reinsurance was established by merger of pre-insurance company Dunav, Elementar and Winershtedishe.

[5] The department had three basic functions: ensuring state and public property from fire and other risks, the implementation of all types of compulsory insurance, and reinsurance.

Among them were the "Airport" and "Yugoslavia", which integrated in 1974, and thus way created the ground for the establishment of the insurance company Dunav since 1990.