Doganjić, dr Jelena

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Jelena Doganjić was born in Belgrade in 1975. She graduated from the Faculty of Economics in Belgrade in 1999, majoring in Finance, Banking and Insurance. In 2007, she received her master's degree at the Faculty of Economics in Belgrade, majoring in Actuarial Science. The master's thesis she defended was entitled Challenges in Setting Tariffs in Motor Third Party Liability Insurance. She received her PhD in 2015 at the Faculty of Economics in Kragujevac, with the thesis Management of Financial and Actuarial Risks of Forming and Investing Reserves in Non-Life Insurance. She has published a large number of scientific and professional papers. The career of Jelena Doganjić began in 2000 and was dedicated to the expertise in the field of insurance, actuarial and risk management. She has worked in public and private sectors, home and abroad. At the position of a director she headed actuarial affairs and statistics at the National Bank of Serbia for 10 years. During her work at the National Bank of Serbia, Jelena Doganjić organized the development of complex tools for actuarial assessments, risk assessment, capital adequacy, development of centralized insurance market statistics, etc. She was in charge of drafting a number of regulations, introducing new modern models for the evaluation of technical reserves, supervising risk-based insurance, coordinating the approval of actuarial issues, statistical affairs, etc. She organized the licensing of actuaries in Serbia in accordance with the program of the International Actuarial Association, in cooperation and support of experts from universities in Serbia and abroad. In her career to date, she has worked in managerial positions in two insurance companies in Serbia (Europe Insurance and Millennium Insurance) and as an expert actuary and product development coordinator in a reinsurance company registered in Switzerland (Europe Re). With her extensive professional experience gained in private insurance sector, Jelena Doganjić worked on the development and improvement of risk management, introduction of the first ORSA and its continuous improvement, application of Solvency 2, the most complex actuarial assessments of capital adequacy, insurance reserves and premiums, stress tests and other expert work in the field of insurance. In the field of reinsurance, Jelena Doganjić worked on NatCAT risk modelling, sensitivity analysis, stochastic simulations, expert analysis of reinsurance contracts, Swiss Solvency Test, and led the development of NatCat products (micro-, meso- and macro-level) for the countries of Southeast Europe and Kazakhstan.

Jelena Doganjić participated in the Working Group in charge of the preparation of the Law on Insurance and the Law on Compulsory Traffic Insurance, as well as numerous regulations of the Republic of Serbia. She was also the official representative of Serbia in the WTO accession process for banks, insurance, voluntary pension funds and financial leasing, and participated in World Bank projects. She also led the examination committee for candidates in the process of acquiring the title of a certified actuary. Jelena Doganjić now manages the Actuarial and Risk Management Department of Millennium Insurance Belgrade, heading a professional team dedicated to continuous improvements.


UDK:339.9.012.421:368.025.18:368.861.82:368.023.32 (4-672EEZ) (497.11)(46)(44)(495)(497.2)(498)


Slobodno utvrđivanje tarifa osiguranja od auto-odgovornosti (AO) dovodi do toga da se premija utvrđuje individualno, prema stepenu rizičnosti osiguranika, odnosno ponašanja u prethodnom periodu. Koristeći iskustva zemalja u okruženju, koje su uvele sistem liberalizacije premije osiguranja od auto-odgovornosti, uz prethodnu kvalitetnu pripremu, Srbija bi mogla da uspostavi liberalizaciju premije osiguranja od auto-odgovornosti, što u značajnoj meri može doprineti unapređenju tržišta osiguranja. Ovo takođe može uticati na ponašanje vozača, čime bi se nivo bezbednosti saobraćaja podigao, a posledice i štete nastale u saobraćajnim nezgodama smanjile. Ključne reči: osiguranje od auto-odgovornosti, osiguranje od auto-odgovornosti u Srbiji, liberalizacija tarifa premija

UDK: 161.111:368.025.18 :303.6: 368.025.1: 368.025.61:368.8


The forming of Insurer’s tariff s constitutes one of the most important aspects in risk management. This procedure requires the involvement of multidisciplinary experts, i.e. professionals from various fields.
When forming a tariff, it should be taken into account that every premium position (group or subgroup) may encompass the most basic factors that affects the amount of premium while at the same time it constitutes part of the portfolio for which, from the prospective of the insurance business, time-wise and structure-wise risk equalization – the premium is definable. Premium differentiation based on risk factors is important for the stability of the Insurer’s business, as lack of premium differentiation may result in instability and negative risk selection, which then has an impact on the Insurer’s solvency problems.