Life Insurance in Serbia, Key Trends and Opportunities to 2020

Life Insurance in Serbia, Key Trends and Opportunities to 2020

  • January 2017 •
  • 89 pages •
  • Report ID: 3247200 •
  • Format: PDF
Synopsis
Timetric’s 'Life Insurance in Serbia Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Serbian life insurance segment, and a comparison of the Serbian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Serbian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'Life Insurance in Serbia Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Serbian life insurance segment, including:

- An overview of the Serbian life insurance segment

- The Serbian life insurance segment’s growth prospects by category

- A comprehensive overview of the Serbian economy and demographics

- A comparison of the Serbian life insurance segment with its regional counterparts

- The various distribution channels in the Serbian life insurance segment

- Details of the competitive landscape in the life insurance segment in Serbia

- Details of regulatory policy applicable to the Serbian insurance industry

Scope
This report provides a comprehensive analysis of the life insurance segment in Serbia:

- It provides historical values for the Serbian life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

- It offers a detailed analysis of the key categories in the Serbian life insurance segment, and market forecasts to 2020.

- It provides a comparison of the Serbian life insurance segment with its regional counterparts

- It analyzes the various distribution channels for life insurance products in Serbia.

- It profiles the top life insurance companies in Serbia and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Serbian life insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Serbian life insurance segment.

- Assess the competitive dynamics in the life insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Serbian insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The life insurance segment accounted for 22.4% of the industry’s gross written premium in 2015.

- Endowment insurance was the most popular category in the segment; it accounted for 79.1% of its gross written premium in 2015, and is expected to reach 82.6% in 2020.

- In December 2014, the Serbian government introduced a new insurance law, with particular focus on meeting Solvency II requirements.

- In order to broaden their customer base, insurers are expected to develop a range of distribution models to reach more potential customers at various locations.

- The Serbian life insurance segment was highly concentrated, as the five leading insurers accounted for 86.7% of the total written premium generated in 2015.
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