Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Insurance Sector
IMF Staff Country Reports, May 27, 2010
Source details
- Canonical URL
- Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Insurance Sector
Other formats
Bibliographic details
- Published: May 27, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455205707.002
Summary and key findings
- This Technical Note analyzes the insurance sector in Serbia.
- The Serbian insurance sector remains small and underdeveloped.
- Over the last three years, the market experienced little growth in real terms mainly owing to:
- weak economic growth,
- fierce price competition among the growing number of players,
- premium payment difficulties in the industrial sector, which forced many corporate policyholders to cancel their insurance.
- The paper highlights that the Serbian insurance sector is well capitalized relative to its overall net risk exposure.
Subject areas and keywords
- Subject: Financial crises, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Insurance supervision, Solvency
- Keywords: claims ratio, complaint hotline, CR, Europe, Insurance, Insurance companies, insurance premium, Insurance supervision, ISCR, MTPL insurer, NBS insurance regulation, NBS insurance supervision capability, reinsurance company, risk exposure, serbian insurance industry, Solvency