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Market Report, "Serbia Insurance Report 2014", published

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2013-12-04 14:16:51 - Fast Market Research recommends "Serbia Insurance Report 2014" from Business Monitor International, now available

Serbia's resilient insurance sector has key strengths. Most encouragingly, life density (premiums per capita) are developing steadily.

Key Insights And Key Risks

Serbia is a small and slowly growing national insurance market where low incomes are clearly a constraint on the development of premiums and where the business environment can be quite challenging. Perhaps most worrying, the official data indicates that non-life penetration (i.e. premiums as a percentage of GDP) will decline further through 2013.

Nevertheless, positive features are easy to identify. The regulatory regime, which is managed by the National Bank of Serbia, is sound. The new insurance law will incorporate provisions for Solvency II and other European Union norms and rules when Serbia becomes a member state. The competitive landscape is

fairly concentrated. Although competitive pressures have resulted in minimal growth in CMTPL over the last year or so, the evidence suggests that pricing in most lines has been quite disciplined. Dunav, the largest company overall in terms of premiums written has been developing a variety of new products in other lines.

Full Report Details at

Best of all, it appears that life insurance is developing from a low base. Already accounting for just under one fifth of total premiums, the life segment is growing at around 10%. It is clear that a significant number of households who can afford life insurance value the benefits that it provides. Many of the leading companies in the segment are the local affiliates of European multi-nationals, who are delivering world best practice in terms of product development and distribution.

Report Table of Contents:

BMI Industry View
- Table: Total Premiums 2010-2017
- Insurance
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Life Premiums 2010-2017
- Non Life
- Table: Total Non-Life Premiums 2010-2017
Industry Risk Reward Ratings
- Central and Eastern European Risk/Reward Ratings
- Table: Europe Risk/Reward Ratings
- Serbia Insurance Risk/Reward Ratings
- Table: Serbia's Insurance Risk/Reward Ratings
Market Overview
- Life
- Non Life
Industry Trends And Developments
- Life Growth Drivers and Risk Management Projections
- Table: Insurance Key Drivers, Demographics 2010-2017
- Non-Life Growth Drivers and Risk Management Projections
- Macroeconomic Forecast
- Table: Serbia - Economic Activity
- Political Outlook
- Table: Europe Regional Security Ratings (scores out of 100, with 100 the best)
- Healthcare Sector
- Healthcare Insurance
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Motor
- Table: Insurance Key Drivers, Autos 2010-2017
Competitive Landscape
- Central And Eastern Europe Competitive Landscape
Company Profile
- AXA Group
- DDOR Novi Sad
- Dunav Insurance Company
- Grazer Wechselseitige Versicherung (GRAWE) Group
- Triglav Group
- UNIQA Group
- Vienna Insurance Group (VIG)
- Generali
Regional Overview
- Central & Eastern Europe - Life
- Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn)
- Central & Eastern Europe - Non-Life
- Table: Central And Eastern Europe - Non Life Premiums US$mn, 2010-2017
Demographic Forecast
- Demographic Outlook
- Table: Serbia's Population By Age Group, 1990-2020 ('000)
- Table: Serbia's Population By Age Group, 1990-2020 (% of total)
- Table: Serbia's Key Population Ratios, 1990-2020
- Table: Serbia's Rural And Urban Population, 1990-2020
- Industry Forecast Methodology
- Risk/Reward Rating Methodology
- Table: Insurance Risk/Reward Ratings Indicators
- Table: Weighting Of Indicators

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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

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