Serbia Insurance Report Q4 2015 - New Market Study Published

The Serbian insurance sector is small and underdeveloped, especially when compared to other markets in Central and Eastern Europe. Households incomes are low compared to other countries and have resulted lower insurance sector growth. Penetration is currently estimated at 1.6% of GDP. Some areas of the market have seen sizeable growth in recent years, particularly life insurance segment has seen double digit increases in previous years due to the bancassurance agreements and new sales channels. The life segment has outperformed the non-life segment by a significant margin in terms of growth.

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- http://www.fastmr.com/prod/1038827_serbia_insurance_report_q4.aspx?afid=301

2015 will witness a similar dynamic across the Serbian insurance landscape with non-life premiums remaining stagnant in domestic terms and slipping considerably in USD terms due to the sluggish economy government austerity programs and currency fluctuations. Reduced consumer spending will negatively affect property and motor vehicle insurance lines that comprise more than three quarters of non-life underwriting activity. Currency volatility will ensure that USD-denominated premium growth will be negative across both market segments in 2015.

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

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.



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