MEETING LIBERALIZATION OF MOTOR LIABILITY INSURANCE PREMIUM IN SERBIA

Free definition of motor third party liability insurance tariffs leads to indi- vidual statement of premiums in agreement with the degree of risk the insured are exposed to i.e. their behaviour in the previous period. Using the experience of neighbouring countries, which have introduced a system of liberalization of motor third party liability insurance premiums, with prior quality preparation, Serbia could establish the liberalization of motor third party liability insurance premiums which could significantly contribute to insurance market advancement. This can also affect the behaviour of drivers, whereby we would raise the level of traffic safety and reduce the consequences and damages caused by traffic accidents.

Keywords: motor third party liability insurance, motor third party liability insurance in Serbia, liberalization of premium tariffs