Publication:
Serbia Financial Sector Assessment Program Update: Insurance Sector

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dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2017-08-29T16:48:30Z
dc.date.available2017-08-29T16:48:30Z
dc.date.issued2009-10
dc.description.abstractThe Serbian insurance sector remains small and underdeveloped. Over the last three years, the market experienced very little growth in real terms mainly due to weak economic growth, premium payment difficulties in the industrial sector, which forced many corporate policyholders to cancel their insurance, and fierce price competition among the growing number of players. With consumption of 76 Pounds and 10 Pounds per capita for non-life and life insurance, respectively, Serbia lags behind most of its neighbors in Southeastern and Central Europe. In 2009 the industry accounted for only 4.6 percent of total assets and 5.6 percent of total capital in the Serbian financial sector. Although in 2008 the total gross premium written (GPW) for both life and non-life was SRD 52.2 billion (dinars), representing a 5.3 percent annual inflation-adjusted increase over the previous year, in 2009 the sector is likely to experience an 8 percent contraction due to the impact of the economic crisis.en
dc.identifierhttp://documents.worldbank.org/curated/en/277231468114873879/Serbia-Insurance-sector-technical-note
dc.identifier.doi10.1596/28075
dc.identifier.urihttps://hdl.handle.net/10986/28075
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCIDENT INSURANCE
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectANNUAL FINANCIAL STATEMENTS
dc.subjectARREARS
dc.subjectASSET MANAGEMENT
dc.subjectASSETS
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANKRUPT
dc.subjectBANKRUPT COMPANIES
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY COURT
dc.subjectBANKRUPTCY COURTS
dc.subjectBANKRUPTCY LEGISLATION
dc.subjectBANKRUPTCY PROCEDURES
dc.subjectBANKRUPTCY PROCEEDINGS
dc.subjectBODILY INJURY
dc.subjectBROKER
dc.subjectBROKERAGE
dc.subjectBROKERAGE FIRMS
dc.subjectBROKERAGE OPERATIONS
dc.subjectBROKERS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPITALIZATION
dc.subjectCASH FLOW
dc.subjectCATASTROPHIC INSURANCE
dc.subjectCLAIM
dc.subjectCLAIMANTS
dc.subjectCOMMISSIONS
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER EDUCATION
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMERS
dc.subjectCORE BUSINESS
dc.subjectCOURT PROCEEDINGS
dc.subjectCREDIT QUALITY
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectDEBTS
dc.subjectDEPENDENT
dc.subjectDIRECT ACCESS
dc.subjectDISASTERS
dc.subjectDISPOSABLE INCOME
dc.subjectDISPOSABLE INCOMES
dc.subjectDOUBTFUL DEBTS
dc.subjectEARNED PREMIUM
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC STAGNATION
dc.subjectEQUITY STAKE
dc.subjectEXCHANGE RATE
dc.subjectFINAL SETTLEMENT
dc.subjectFINANCIAL ANALYSIS
dc.subjectFINANCIAL ARRANGEMENTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INDICATORS
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFOREIGN COMPANIES
dc.subjectFRONTING COMPANY
dc.subjectGOVERNMENT BUDGET
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROUP LIFE INSURANCE
dc.subjectGUARANTEE FUND
dc.subjectIMMEDIATE PAYMENT
dc.subjectINDEPENDENT AUDITOR
dc.subjectINDEPENDENT INSURANCE AGENTS
dc.subjectINFLATION
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSOLVENCIES
dc.subjectINSOLVENT
dc.subjectINSOLVENT COMPANIES
dc.subjectINSOLVENT COMPANY
dc.subjectINSOLVENT INSURERS
dc.subjectINSUFFICIENT ASSETS
dc.subjectINSURABLE RISKS
dc.subjectINSURANCE
dc.subjectINSURANCE AGENTS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE FRAUD
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE LAW
dc.subjectINSURANCE LICENSES
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE PLANS
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE PROPERTY
dc.subjectINSURANCE REGULATION
dc.subjectINSURANCE REGULATIONS
dc.subjectINSURANCE RESERVES
dc.subjectINSURANCE STATISTICS
dc.subjectINSURANCE SUPERVISION
dc.subjectINSURER
dc.subjectINSURERS
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL ACCOUNTING
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL STANDARDS
dc.subjectISSUANCE
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEVEL PLAYING FIELD
dc.subjectLEVERAGE
dc.subjectLIABILITY
dc.subjectLIABILITY INSURANCE
dc.subjectLIBERALIZATION
dc.subjectLIFE INSURANCE COMPANY
dc.subjectLIFE INSURANCE PREMIUMS
dc.subjectLIFE INSURANCE PRODUCTS
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY POSITION
dc.subjectLIQUIDITY RATIO
dc.subjectLOCAL MARKET
dc.subjectLONG-TERM BORROWINGS
dc.subjectLONG-TERM DEBT
dc.subjectLONG-TERM DEBT MARKET
dc.subjectMARGIN REQUIREMENTS
dc.subjectMARKET CONCENTRATION
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET LIQUIDITY
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PLAYERS
dc.subjectMARKET SHARE
dc.subjectMARKET SUPERVISION
dc.subjectMARKET TRANSPARENCY
dc.subjectMONETARY FUND
dc.subjectMONEY LAUNDERING
dc.subjectMONEY MARKET
dc.subjectMONEY MARKET INSTRUMENTS
dc.subjectMORTGAGE
dc.subjectMORTGAGE LOANS
dc.subjectMOTOR INSURANCE
dc.subjectNATURAL DISASTERS
dc.subjectNET PROFIT
dc.subjectNEW CREDIT
dc.subjectNEW MARKET
dc.subjectNON-LIFE INSURANCE
dc.subjectOUT-OF-COURT SETTLEMENT
dc.subjectOUTSTANDING CLAIMS
dc.subjectOVERDUE RECEIVABLES
dc.subjectPENSION
dc.subjectPERSONAL PROPERTY
dc.subjectPOLICYHOLDERS
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPOTENTIAL LIABILITY
dc.subjectPREMIUM PAYMENT
dc.subjectPRICE COMPETITION
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATIZATION
dc.subjectPROPERTY INSURANCE
dc.subjectPROPERTY MARKET
dc.subjectPUBLIC EDUCATION
dc.subjectRATES
dc.subjectRECEIVABLES
dc.subjectRECEIVERS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REGIME
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREINSURANCE
dc.subjectREINSURANCE COMPANIES
dc.subjectREINSURANCE CONTRACTS
dc.subjectREINSURANCE REQUIREMENT
dc.subjectREINSURANCE REQUIREMENTS
dc.subjectREINSURERS
dc.subjectRESERVE
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK ASSESSMENT
dc.subjectRISK CAPITAL
dc.subjectRISK EXPOSURE
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT POLICY
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectRISK TRANSFER
dc.subjectSAVINGS
dc.subjectSETTLEMENT
dc.subjectSETTLEMENTS
dc.subjectSHAREHOLDERS
dc.subjectSHORT-TERM BANK DEPOSITS
dc.subjectSOCIAL CAPITAL
dc.subjectSOLVENCY
dc.subjectSOLVENCY REQUIREMENTS
dc.subjectSTATUTORY REQUIREMENT
dc.subjectSTATUTORY REQUIREMENTS
dc.subjectSTRATEGIC INVESTOR
dc.subjectSUPERVISORY BOARD
dc.subjectSUPERVISORY FRAMEWORK
dc.subjectTAX
dc.subjectTAX CREDIT
dc.subjectTAX DEDUCTIBLE
dc.subjectTAX INCENTIVES
dc.subjectTAX TREATMENT
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTERRORISM
dc.subjectTRADING
dc.subjectTREASURY
dc.subjectTREATIES
dc.subjectUNDERWRITING
dc.subjectUNPAID CLAIMS
dc.subjectVALID CLAIMS
dc.subjectVOLATILITY
dc.subjectVOLUNTARY LIQUIDATION
dc.subjectWORLD TRADE
dc.titleSerbia Financial Sector Assessment Program Updateen
dc.title.subtitleInsurance Sectoren
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleSerbia Financial Sector Assessment Program Update
okr.date.disclosure2013-07-17
okr.date.doiregistration2025-05-07T09:49:08.751163Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/277231468114873879/Serbia-Insurance-sector-technical-note
okr.guid277231468114873879
okr.identifier.externaldocumentum000445729_20130717152127
okr.identifier.internaldocumentum18015025
okr.identifier.report79242
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/277231468114873879/pdf/792420WP0Serbi0Box0377370B00Public0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countrySerbia
okr.sectorFinance
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicLaw and Development::Insurance Law
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.unitFinance & Markets - GP - IBRD (GFMDR)
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