THE ANALYSIS OF CURRENT STATE AND TRENDS IN SERBIAN INSURANCE INDUSTRY

Insurance premiums, as the key development indicators of insurance industry, have recorded significant growth rates in Serbia, as well as in other developing countries. The aim of this paper is to facilitate decision making and forecasting of future insurance trends for present policy makers and those planning to enter Serbian insurance market by offering information based on the analysis of key industry determinants. The analysis covers the period from 2004 to 2009 and focuses on the developments in premiums, claims, reserves, ownership structure, companies’ market shares, portfolio structures and regulatory changes. Special attention has been given to comparison of trends among Serbia, the European Union and countries of exYugoslavia as well as to issues imposed by pending accession to the European Union.