Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Insurance Sector

May 27, 2010

Preview Citation

Format: Chicago

Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Insurance Sector, (USA: International Monetary Fund, 2010) accessed November 12, 2024

Summary

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, and 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: 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

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/154
Stock No:

1SRBEA2010010
ISBN:

9781455205707
ISSN:

1934-7685

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