Serbia Insurance Report Q2 2016: New research report available at Fast Market Research

Growth in Serbia's insurance market is expected to gather pace over the forecast period from 2016 to 2020. Although one of the smallest markets in region, the country is home to a number of domestic and regional providers, and significant progress is being made in terms of broadening distribution channels and developing a more robust product offering. We expect to see the strongest growth in the small life sector, though we do note that low average household income rates continue to constrain growth potential.

Key Updates And Forecasts

Serbia continues to improve its regulatory environment. A new insurance law came into effect in 2015 under which all life and non-life insurance companies must operate as separate entities. Composite providers are required to separate their life and non-life businesses. Serbia is also enhancing capitalisation requirements, more in line with the EU-wide introduction of Solvency II regulations

Full Report Details at
- http://www.fastmr.com/prod/1130980_serbia_insurance_report_q2.aspx?afid=301

The life insurance sector is expected to see the strongest growth during the forecast period, from 2016 to 2020, driven by an improvement in the currently high unemployment rate (of around 20%) as well as increases in average household income levels. Life premiums are forecast to grow by an average of 10.6% (in local currency terms) annually during the forecast period.

The much larger non-life sector is expected to record slower annual growth of around 4.1% annually between 2016 and 2020. In part this is due to the saturation of the dominant motor and property insurance lines, with the strongest growth expected in the smallest lines, such as credit and financial guarantee insurance.

The Serbia Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Serbia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Serbian insurance industry.

Key Benefits
Benchmark BMI's independent insurance industry forecasts for Serbia to test other views - a key input for successful budgeting and strategic business planning in Serbia's insurance market.
Target business opportunities and risks in Serbia through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

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