Koprivica, doc. dr Marija (Jovović)

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Marija (Jovović) Koprivica, PhD was born in 1983 in Nikšić, Montenegro, where she completed primary and secondary school. She graduated from the Faculty of Economics in Belgrade in 2007, and completed her master's studies in 2009. At the same faculty, in July 2015, she defended her doctoral dissertation on Measuring Risks in Determining Solvency of Non-Life Insurers.

She has been working at the Faculty of Economics, University of Belgrade since 2009. She has been appointed to academic ranks of graduate student instructor, assistant professor, and associate professor. At the Faculty of Economics in Belgrade, she is engaged in the subjects Financial and Actuarial Mathematics and Insurance Tariffs in undergraduate studies; Financial Mathematics, Actuarial Mathematics, Accounting of Insurance Companies and Risk Management in master's studies; and Financial Mathematics 1-D in doctoral studies.

She has participated in numerous domestic and international scientific conferences, as well as in innovative courses in the field of insurance, actuarial and financial mathematics. Scientific and research work of Marija Koprivica, PhD is mostly focused on the application of modern actuarial, financial and mathematical models in the field of insurance and financial markets. In foreign and domestic scientific monographs, thematic proceedings, and journals, she authored and co-authored a significant number of scientific papers dealing with the mentioned fields. She is a member of the Society of Economists of Belgrade, the Serbian Association of Actuaries, and the International Actuarial Association (IAA).

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ARTICLES

ISSUES OF RISK MARGIN COMPUTATION UNDER SOLVENCY II REGULATORY REGIME

Predmet rada su problemi obračuna riziko-margine kao elementa tehničkih rezervi osiguravača u regulatornom okviru Solventnost II. Usled nedostataka propisane metode troškova kapitala, u kombinaciji s niskim kamatnim stopama, riziko-margina je isuviše visoka i varijabilna, čime su pogođena prvenstveno društva koja se bave životnim osiguranjima. U radu se daju konkretne preporuke za prevazilaženje ili ublažavanje problema previsoke i kamatno osetljive riziko-margine. Preporučena rešenja uključuju kako modifikacije postojeće metode troškova kapitala tako i napuštanje ove metode i njenu zamenu drugim metodama za obračun riziko-margine. Ključne reči: riziko-margina, Solventnost II, stopa troškova kapitala, tehničke rezerve

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CONFERENCE REVIEW

THE 17TH INTERNATIONAL INSURANCE SYMPOSIUM

The 17th International Insurance Symposium was held from 16 to 10 of May 2019 at Mona hotel in Zlatibor and was organized by the Serbian Actuarial Association and the Faculty of Economics of the Belgrade University. A large number of renowned Serbian and foreign experts, representatives of academic community, insurance and reinsurance companies, actuarial profession, audit agencies and supervisory bodies from several countries gathered again around a burning issue of Insurance on the Eve of the 4th Industrial Revolution. This Symposium, already well-known for importance of the topics it addresses, renowned lecturers, diversity of their lectures and interest they attract, this year raised the bar again.

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CONFERENCE REVIEW

THE SIXTEENTH INTERNATIONAL SYMPOSIUM ”NEW CHALLENGES ON INSURANCE MARKET”

The sixteenth International Symposium with the topic ”New Challenges on Insurance Market” was held from 17th to 20th May in the hotel ”Izvor” in Aranđelovac. The Symposium was organised by the Serbian Actuarial Association and the Faculty of Economics University of Belgrade. The Symposium was supported by representatives of professional actuarial associations of the states that participated in the event, reinsurance and insurance companies, supervisory bodies, associations of insurers, audit companies, faculties, and scientific-research institutes. Dunav Insurance Company, the leader on Serbian insurance market, was the main sponsor of the Symposium this year. The Symposium was opened by welcome speeches of Professor Jelena Kočović, PhD, the president of the Programme Board of the Symposium, Professor Branislav Boričić, PhD, the dean of the Faculty of Economics University of Belgrade, Željko Jović, PhD, the Vice-Governor of the National Bank of Serbia, and Branko Pavlović, the president of the Serbian Actuarial Association. The latest challenges for reinsures and insurers in the region and the European Union countries were addressed by top experts from the country and abroad.

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CONFERENCE REVIEW

14th INTERNATIONAL INSURANCE CONFERENCE

Četrnaesti po redu Međunarodni simpozijum iz osiguranja u organizaciji Udruženja aktuara Srbije i Ekonomskog fakulteta iz Beograda održan je od 19. do 22. maja u hotelu „Mona“ na Zlatiboru. Još od 2002. godine, ovaj tradicionalni međunarodni simpozijum predstavlja svojevrsno mesto susreta, razmene ideja, stavova i iskustava renomiranih regionalnih, ali i globalnih eksperata iz oblasti osiguranja i aktuarske nauke i prakse. Kao i svih prethodnih godina, svojevrstan doprinos uspehu Simpozijuma i ove godine dali su predstavnici Narodne banke Srbije, osiguravajućih društava, udruženjā osiguravača, agencija za nadzor osiguranja, fakultetā i institutā.

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BOOK REVIEW

ACTUARIAL MATHEMATICS

Prikaz knjige : "AKTUARSKA MATEMATIKA" (ACTUARIAL MATHEMATICS). Autori: prof. dr Jelena Kočović, dr Mirela Mitrašević i dr Vesna Rajić Izdavač: Centar za izdavačku delatnost, Ekonomski fakultet Univerziteta u Beogradu, Beograd, 2014. Obim: 302 strane

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ARTICLES, DISCUSSIONS, ANALYSES, REVIEWS

EFFECTS OF LIBERALIZATION AND PRIVATIZATION ON SERBIAN INSURANCE MARKET DEVELOPMENT

The subject of this paper are emerging tendencies of Serbian insurance market in the past decade. Comparative survey of the value of general and specifi c indicators of development of the insurance market in the European Union, as well as in Croatia and Slovenia - as countries within the region - allows for the positioning of the Serbian insurance market and identifying its development problems. The beginning of the period which we have analyzed is marked by the creation of a new regulatory framework and measures taken by the insurance supervisory authority in order to stabilize the industry and create a healthy basis for its development. In the remaining part of the observation period, the given insurance market undergoes the processes of privatization and liberalization, in order to increase market competition, raise quality and enrich the range of insurance services, as well as to get a more effi cient allocation of the industry resources. The research aims to identify the eff ects of privatization of domestic insurance companies and of foreign investments in Serbian insurance market or national economy. The authors claim that on the insurance market, the foreign capital is not necessarily more successful than domestic, thus denying the neo-liberal viewpoint according to which the sale of domestic companies is the only eff ective development model of the insurance market in the emerging countries. The diff erence between the insurance companies should not be made according to their ownership structure, but according to the quality of their business and the services they provide.

Key words: insurance market, liberalization, privatization.

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