Life Insurance in Serbia, Key Trends and Opportunities to 2018

Life Insurance in Serbia, Key Trends and Opportunities to 2018

Table of Contents
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Serbian Insurance Industry Overview
4.1 Insurance Industry Size, 2009-2018
5 Life Insurance Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Life Insurance Growth Prospects by Category
5.5 Individual Life Insurance
5.5.1 Individual whole life insurance
5.5.2 Individual general annuity insurance
5.5.3 Individual endowment insurance
5.5.4 Individual term life insurance
5.5.5 Individual supplementary insurance
5.5.6 Other individual other insurance
5.6 Group Whole Life Insurance
5.7 Life Insurance Growth Prospects by Customer Segment
5.7.1 Individual single-premium insurance
5.7.2 Individual non-single-premium insurance
5.7.3 Group non-single-premium insurance
5.8 Life Insurance Growth Prospects by Product Type
5.8.1 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Legislation and Market Practice by Type of Insurance
7.2.1 Life insurance
7.2.2 Property insurance
7.2.3 Motor insurance
7.2.4 Liability insurance
7.2.5 Marine, aviation and transit insurance
7.2.6 Personal accident and health insurance
7.3 Compulsory Insurance
7.3.1 Health insurance
7.3.2 Aviation liability insurance
7.3.3 Motor third-party liability insurance
7.4 Supervision and Control
7.4.1 International Association of Insurance Supervisors (IAIS)
7.4.2 National Bank of Serbia (NBS)
7.5 Non-Admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market practices
7.5.4 Fines and penalties
7.6 Company Registration and Operations
7.6.1 Types of insurance organization
7.6.2 Establishing a local company
7.6.3 Foreign ownership
7.6.4 Types of license
7.6.5 Capital requirements
7.6.6 Solvency margins
7.6.7 Reserve requirements
7.6.8 Investment regulations
7.6.9 Statutory return requirements
7.6.10 Fee structure
7.7 Taxation
7.7.1 Insurance premium or policy taxation
7.7.2 Withholding taxes on premium paid overseas
7.7.3 Corporate tax
7.7.4 VAT
7.7.5 Captives
7.8 Legal System
7.8.1 Introduction
7.8.2 Access to court
7.8.3 Alternative Dispute Resolution (ADR)
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Serbian Life Insurance Segment
8.2.1 Generali Osiguranje Srbija - company overview
8.2.2 Wiener Stadtische Osiguranje - company overview
8.2.3 GRAWE Osiguranje - company overview
8.2.4 Dunav Osiguranje - company overview
8.2.5 Uniqa Zivotno Osiguranje - company overview
8.2.6 Merkur Osiguranje - company overview
8.2.7 DDOR Novi Sad - company overview
8.2.8 Societe Generale Srbija - company overview
8.2.9 MetLife Serbia - company overview
8.2.10 Sava Zivotno Osiguranje - company overview
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Serbian Life Insurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Serbian Insurance Industry - Gross Written Premium by Segment (RSD Billion), 2009-2013
Table 4: Serbian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2009-2013
Table 5: Serbian Insurance Industry - Gross Written Premium by Segment (RSD Billion), 2013-2018
Table 6: Serbian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2013-2018
Table 7: Serbian Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018
Table 8: Serbian Insurance Industry - Direct Written Premium by Segment (RSD Billion), 2009-2013
Table 9: Serbian Insurance Industry - Direct Written Premium by Segment (US$ Million), 2009-2013
Table 10: Serbian Insurance Industry - Direct Written Premium by Segment (RSD Billion), 2013-2018
Table 11: Serbian Insurance Industry - Direct Written Premium by Segment (US$ Million), 2013-2018
Table 12: Serbian Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018
Table 13: Serbian Life Insurance - Gross Written Premium by Category (RSD Billion), 2009-2013
Table 14: Serbian Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
Table 15: Serbian Life Insurance - Gross Written Premium by Category (RSD Billion), 2013-2018
Table 16: Serbian Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
Table 17: Serbian Life Insurance - New Business Written Premium (RSD Billion), 2009-2013
Table 18: Serbian Life Insurance - New Business Written Premium (RSD Billion), 2013-2018
Table 19: Serbian Life Insurance - Earned Premium (RSD Billion), 2009-2013
Table 20: Serbian Life Insurance - Earned Premium (RSD Billion), 2013-2018
Table 21: Serbian Life Insurance - Sum Assured (RSD Billion), 2009-2013
Table 22: Serbian Life Insurance - Sum Assured (RSD Billion), 2013-2018
Table 23: Serbian Life Insurance - Paid Claims (RSD Billion), 2009-2013
Table 24: Serbian Life Insurance - Paid Claims (RSD Billion), 2013-2018
Table 25: Serbian Life Insurance - Incurred Loss (RSD Billion), 2009-2013
Table 26: Serbian Life Insurance - Incurred Loss (RSD Billion), 2013-2018
Table 27: Serbian Life Insurance - Loss Ratio (%), 2009-2013
Table 28: Serbian Life Insurance - Loss Ratio (%), 2013-2018
Table 29: Serbian Life Insurance - Commissions and Expenses (RSD Billion), 2009-2013
Table 30: Serbian Life Insurance - Commissions and Expenses (RSD Billion), 2013-2018
Table 31: Serbian Life Insurance - Combined Ratio (%), 2009-2013
Table 32: Serbian Life Insurance - Combined Ratio (%), 2013-2018
Table 33: Serbian Life Insurance - Fraud and Crimes (RSD Million), 2009-2013
Table 34: Serbian Life Insurance - Fraud and Crimes (RSD Million), 2013-2018
Table 35: Serbian Life Insurance - Total Assets (RSD Billion), 2009-2013
Table 36: Serbian Life Insurance - Total Assets (RSD Billion), 2013-2018
Table 37: Serbian Life Insurance - Total Investment Income (RSD Million), 2009-2013
Table 38: Serbian Life Insurance - Total Investment Income (RSD Million), 2013-2018
Table 39: Serbian Life Insurance - Retentions (RSD Billion), 2009-2013
Table 40: Serbian Life Insurance - Retentions (RSD Billion), 2013-2018
Table 41: Serbian Individual Life Insurance - Gross Written Premium by Category (RSD Billion), 2009-2013
Table 42: Serbian Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
Table 43: Serbian Individual Life Insurance - Gross Written Premium by Category (RSD Billion), 2013-2018
Table 44: Serbian Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
Table 45: Serbian Individual Life Insurance - Direct Written Premium by Category (RSD Billion), 2009-2013
Table 46: Serbian Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
Table 47: Serbian Individual Life Insurance - Direct Written Premium by Category (RSD Billion), 2013-2018
Table 48: Serbian Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
Table 49: Serbian Individual Life Insurance - Policies by Category (Thousand), 2009-2013
Table 50: Serbian Individual Life Insurance - Policies by Category (Thousand), 2013-2018
Table 51: Serbian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 52: Serbian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 53: Serbian Individual Whole Life Insurance - Gross Written Premium (RSD Billion), 2009-2013
Table 54: Serbian Individual Whole Life Insurance - Gross Written Premium (RSD Billion), 2013-2018
Table 55: Serbian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2009-2013
Table 56: Serbian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2013-2018
Table 57: Serbian Individual General Annuity Insurance - Gross Written Premium (RSD Billion), 2009-2013
Table 58: Serbian Individual General Annuity Insurance - Gross Written Premium (RSD Billion), 2013-2018
Table 59: Serbian Individual Endowment Insurance - Number of Active Policies (Thousand), 2009-2013
Table 60: Serbian Individual Endowment Insurance - Number of Active Policies (Thousand), 2013-2018
Table 61: Serbian Individual Endowment Insurance - Gross Written Premium (RSD Billion), 2009-2013
Table 62: Serbian Individual Endowment Insurance - Gross Written Premium (RSD Billion), 2013-2018
Table 63: Serbian Individual Term Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 64: Serbian Individual Term Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 65: Serbian Individual Term Life Insurance - Gross Written Premium (RSD Billion), 2009-2013
Table 66: Serbian Individual Term Life Insurance - Gross Written Premium (RSD Billion), 2013-2018
Table 67: Serbian Individual Supplementary Insurance - Number of Active Policies (Thousand), 2009-2013
Table 68: Serbian Individual Supplementary Insurance - Number of Active Policies (Thousand), 2013-2018
Table 69: Serbian Individual Supplementary Insurance - Gross Written Premium (RSD Billion), 2009-2013
Table 70: Serbian Individual Supplementary Insurance - Gross Written Premium (RSD Billion), 2013-2018
Table 71: Serbian Other Individual Insurance - Number of Active Policies (Thousand), 2009-2013
Table 72: Serbian Other Individual Insurance - Number of Active Policies (Thousand), 2013-2018
Table 73: Serbian Other Individual Insurance - Gross Written Premium (RSD Million), 2009-2013
Table 74: Serbian Other Individual Insurance - Gross Written Premium (RSD Million), 2013-2018
Table 75: Serbian Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Table 76: Serbian Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Table 77: Serbian Group Whole Life Insurance - Gross Written Premium (RSD Million), 2009-2013
Table 78: Serbian Group Whole Life Insurance - Gross Written Premium (RSD Million), 2013-2018
Table 79: Serbian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 80: Serbian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 81: Serbian Individual Single-Premium Insurance - Gross Written Premium (RSD Billion), 2009-2013
Table 82: Serbian Individual Single-Premium Insurance - Gross Written Premium (RSD Billion), 2013-2018
Table 83: Serbian Individual Single-Premium Insurance - Direct Written Premium (RSD Billion), 2009-2013
Table 84: Serbian Individual Single-Premium Insurance - Direct Written Premium (RSD Billion), 2013-2018
Table 85: Serbian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 86: Serbian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 87: Serbian Individual Non-Single-Premium Insurance - Gross Written Premium (RSD Billion), 2009-2013
Table 88: Serbian Individual Non-Single-Premium Insurance - Gross Written Premium (RSD Billion), 2013-2018
Table 89: Serbian Individual Non-Single-Premium Insurance - Direct Written Premium (RSD Billion), 2009-2013
Table 90: Serbian Individual Non-Single-Premium Insurance - Direct Written Premium (RSD Billion), 2013-2018
Table 91: Serbian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Table 92: Serbian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Table 93: Serbian Group Non-Single-Premium Insurance - Gross Written Premium (RSD Million), 2009-2013
Table 94: Serbian Group Non-Single-Premium Insurance - Gross Written Premium (RSD Million), 2013-2018
Table 95: Serbian Group Non-Single-Premium Insurance - Direct Written Premium (RSD Million), 2009-2013
Table 96: Serbian Group Non-Single-Premium Insurance - Direct Written Premium (RSD Million), 2013-2018
Table 97: Serbian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
Table 98: Serbian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
Table 99: Serbian Non-Linked Insurance Business - Gross Written Premium (RSD Billion), 2009-2013
Table 100: Serbian Non-Linked Insurance Business - Gross Written Premium (RSD Billion), 2013-2018
Table 101: Serbian Non-Linked Insurance Business - Direct Written Premium (RSD Billion), 2009-2013
Table 102: Serbian Non-Linked Insurance Business - Direct Written Premium (RSD Billion), 2013-2018
Table 103: Serbian Life Insurance - Direct Marketing Commission Paid (RSD Billion), 2009-2013
Table 104: Serbian Life Insurance - Direct Marketing Commission Paid (RSD Billion), 2013-2018
Table 105: Serbian Life Insurance - New Business Gross Written Premium (RSD Billion), 2009-2013
Table 106: Serbian Life Insurance - New Business Gross Written Premium (RSD Billion), 2013-2018
Table 107: Serbian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
Table 108: Serbian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
Table 109: Serbian Life Insurance - Number of Direct Marketing Distributors, 2009-2013
Table 110: Serbian Life Insurance - Number of Direct Marketing Distributors, 2013-2018
Table 111: Serbian Life Insurance - Bancassurance Commission Paid (RSD Million), 2009-2013
Table 112: Serbian Life Insurance - Bancassurance Commission Paid (RSD Million), 2013-2018
Table 113: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Table 114: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2013-2018
Table 115: Serbian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013
Table 116: Serbian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018
Table 117: Serbian Life Insurance - Number of Bancassurance Distributors, 2009-2013
Table 118: Serbian Life Insurance - Number of Bancassurance Distributors, 2013-2018
Table 119: Serbian Life Insurance - Commission Paid to Agencies (RSD Million), 2009-2013
Table 120: Serbian Life Insurance - Commission Paid to Agencies (RSD Million), 2013-2018
Table 121: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Table 122: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2013-2018
Table 123: Serbian Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013
Table 124: Serbian Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018
Table 125: Serbian Life Insurance - Number of Agencies, 2009-2013
Table 126: Serbian Life Insurance - Number of Agencies, 2013-2018
Table 127: Serbian Life Insurance - E-Commerce Commission Paid (RSD Million), 2009-2013
Table 128: Serbian Life Insurance - E-Commerce Commission Paid (RSD Million), 2013-2018
Table 129: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Table 130: Serbian Life Insurance - Gross Written Premium New Business (RSD Million), 2013-2018
Table 131: Serbian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013
Table 132: Serbian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018
Table 133: Serbian Life Insurance - Number of E-Commerce Distributors, 2009-2013
Table 134: Serbian Life Insurance - Number of E-Commerce Distributors, 2013-2018
Table 135: Serbian Life Insurance - Commission Paid to Brokers (RSD Million), 2009-2013
Table 136: Serbian Life Insurance - Commission Paid to Brokers (RSD Million), 2013-2018
Table 137: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Table 138: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2013-2018
Table 139: Serbian Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013
Table 140: Serbian Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018
Table 141: Serbian Life Insurance - Number of Brokers, 2009-2013
Table 142: Serbian Life Insurance - Number of Brokers, 2013-2018
Table 143: Serbian Life Insurance - Commission Paid to Other Channels (RSD Million), 2009-2013
Table 144: Serbian Life Insurance - Commission Paid to Other Channels (RSD Million), 2013-2018
Table 145: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Table 146: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2013-2018
Table 147: Serbian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013
Table 148: Serbian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018
Table 149: Serbian Life Insurance - Number of Distributors in Other Channels, 2009-2013
Table 150: Serbian Life Insurance - Number of Distributors in Other Channels, 2013-2018
Table 151: Serbia - Life Insurance Regulatory Framework
Table 152: Serbia - Property Insurance Regulatory Framework
Table 153: Serbia - Motor Insurance Regulatory Framework
Table 154: Serbia - Liability Insurance Regulatory Framework
Table 155: Serbia - Minimum Sum Insured Under Passenger Liability Insurance for Aircraft Owners
Table 156: Serbia - Minimum Capital Requirements
Table 157: Serbia - Corporate Tax Rates for the Financial Year 2013
Table 158: Shares of Key Insurers in the Serbian Life Segment (%), 2013

List of Figures
Figure 1: Serbian Insurance Industry - Gross Written Premium by Segment (RSD Billion), 2009-2018
Figure 2: Serbian Insurance Industry - Gross Written Premium Dynamics by Segment, (2009-2018)
Figure 3: Serbian Insurance Industry - Direct Written Premium by Segment (RSD Billion), 2009-2018
Figure 4: Serbian Insurance Industry - Direct Written Premium Dynamics by Segment (2009-2018)
Figure 5: Serbian Life Insurance - Gross Written Premium by Category (RSD Billion), 2009-2018
Figure 6: Serbian Life Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 7: Serbian Life Insurance - Gross Written Premium Dynamics by Segment (2009-2018)
Figure 8: Serbian Life Insurance - New Business Written Premium (RSD Billion), 2009-2013
Figure 9: Serbian Life Insurance - New Business Written Premium (RSD Billion), 2013-2018
Figure 10: Serbian Life Insurance - Earned Premium (RSD Billion), 2009-2013
Figure 11: Serbian Life Insurance - Earned Premium (RSD Billion), 2013-2018
Figure 12: Serbian Life Insurance - Sum Assured (RSD Billion), 2009-2013
Figure 13: Serbian Life Insurance - Sum Assured (RSD Billion), 2013-2018
Figure 14: Serbian Life Insurance - Paid Claims (RSD Billion), 2009-2013
Figure 15: Serbian Life Insurance - Paid Claims (RSD Billion), 2013-2018
Figure 16: Serbian Life Insurance - Incurred Loss (RSD Billion), 2009-2013
Figure 17: Serbian Life Insurance - Incurred Loss (RSD Billion), 2013-2018
Figure 18: Serbian Life Insurance - Loss Ratio (%), 2009-2013
Figure 19: Serbian Life Insurance - Loss Ratio (%), 2013-2018
Figure 20: Serbian Life Insurance - Commissions and Expenses (RSD Billion), 2009-2013
Figure 21: Serbian Life Insurance - Commissions and Expenses (RSD Billion), 2013-2018
Figure 22: Serbian Life Insurance - Combined Ratio (%), 2009-2013
Figure 23: Serbian Life Insurance - Combined Ratio (%), 2013-2018
Figure 24: Serbian Life Insurance - Fraud and Crimes (RSD Million), 2009-2013
Figure 25: Serbian Life Insurance - Fraud and Crimes (RSD Million), 2013-2018
Figure 26: Serbian Life Insurance - Total Assets (RSD Billion), 2009-2013
Figure 27: Serbian Life Insurance - Total Assets (RSD Billion), 2013-2018
Figure 28: Serbian Life Insurance - Total Investment Income (RSD Million), 2009-2013
Figure 29: Serbian Life Insurance - Total Investment Income (RSD Million), 2013-2018
Figure 30: Serbian Life Insurance - Retentions (RSD Billion), 2009-2013
Figure 31: Serbian Life Insurance - Retentions (RSD Billion), 2013-2018
Figure 32: Serbian Life Insurance - Investment Portfolio (RSD Billion), 2009-2013
Figure 33: Serbian Life Insurance - Investment Portfolio, 2009 and 2013
Figure 34: Serbian Life Insurance - Penetration (%), 2009-2013
Figure 35: Serbian Life Insurance - Density (Number of Policies per Capita), 2009-2013
Figure 36: Serbian Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 37: Serbian Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 38: Serbian Life Insurance - Number of New Policies Sold (Thousand), 2009-2013
Figure 39: Serbian Life Insurance - Number of New Policies Sold (Thousand), 2013-2018
Figure 40: Serbian Life Insurance - Premium Per Capita (RSD), 2009-2013
Figure 41: Serbian Individual Life Insurance - Gross Written Premium by Category (RSD Billion), 2009-2018
Figure 42: Serbian Individual Life Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 43: Serbian Individual Life Insurance - Gross Written Premium Dynamics by Category, 2009-2018
Figure 44: Serbian Individual Life Insurance - Direct Written Premium by Category (RSD Billion), 2009-2018
Figure 45: Serbian Individual Life Insurance - Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 46: Serbian Individual Life Insurance - Direct Written Premium Dynamics by Category, 2009-2018
Figure 47: Serbian Individual Life Insurance - Policies by Category (Thousand), 2009-2018
Figure 48: Serbian Individual Life Insurance - Policies by Category (Percentage Share), 2013 and 2018
Figure 49: Serbian Individual Life Insurance - Policies Dynamics by Category, 2009-2018
Figure 50: Serbian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 51: Serbian Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 52: Serbian Individual Whole Life Insurance - Gross Written Premium (RSD Billion), 2009-2013
Figure 53: Serbian Individual Whole Life Insurance - Gross Written Premium (RSD Billion), 2013-2018
Figure 54: Serbian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 55: Serbian Individual General Annuity Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 56: Serbian Individual General Annuity Insurance - Gross Written Premium (RSD Billion), 2009-2013
Figure 57: Serbian Individual General Annuity Insurance - Gross Written Premium (RSD Billion), 2013-2018
Figure 58: Serbian Individual Endowment Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 59: Serbian Individual Endowment Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 60: Serbian Individual Endowment Insurance - Gross Written Premium (RSD Billion), 2009-2013
Figure 61: Serbian Individual Endowment Insurance - Gross Written Premium (RSD Billion), 2013-2018
Figure 62: Serbian Individual Term Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 63: Serbian Individual Term Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 64: Serbian Individual Term Life Insurance - Gross Written Premium (RSD Billion), 2009-2013
Figure 65: Serbian Individual Term Life Insurance - Gross Written Premium (RSD Billion), 2013-2018
Figure 66: Serbian Individual Supplementary Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 67: Serbian Individual Supplementary Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 68: Serbian Individual Supplementary Insurance - Gross Written Premium (RSD Billion), 2009-2013
Figure 69: Serbian Individual Supplementary Insurance - Gross Written Premium (RSD Billion), 2013-2018
Figure 70: Serbian Other Individual Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 71: Serbian Other Individual Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 72: Serbian Other Individual Insurance - Gross Written Premium (RSD Million), 2009-2013
Figure 73: Serbian Other Individual Insurance - Gross Written Premium (RSD Million), 2013-2018
Figure 74: Serbian Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 75: Serbian Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 76: Serbian Group Whole Life Insurance - Gross Written Premium (RSD Million), 2009-2013
Figure 77: Serbian Group Whole Life Insurance - Gross Written Premium (RSD Million), 2013-2018
Figure 78: Serbian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 79: Serbian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 80: Serbian Individual Single-Premium Insurance - Gross Written Premium (RSD Billion), 2009-2013
Figure 81: Serbian Individual Single-Premium Insurance - Gross Written Premium (RSD Billion), 2013-2018
Figure 82: Serbian Individual Single-Premium Insurance - Direct Written Premium (RSD Billion), 2009-2013
Figure 83: Serbian Individual Single-Premium Insurance - Direct Written Premium (RSD Billion), 2013-2018
Figure 84: Serbian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 85: Serbian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 86: Serbian Individual Non-Single-Premium Insurance - Gross Written Premium (RSD Billion), 2009-2013
Figure 87: Serbian Individual Non-Single-Premium Insurance - Gross Written Premium (RSD Billion), 2013-2018
Figure 88: Serbian Individual Non-Single-Premium Insurance - Direct Written Premium (RSD Billion), 2009-2013
Figure 89: Serbian Individual Non-Single-Premium Insurance - Direct Written Premium (RSD Billion), 2013-2018
Figure 90: Serbian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013
Figure 91: Serbian Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018
Figure 92: Serbian Group Non-Single-Premium Insurance - Gross Written Premium (RSD Million), 2009-2013
Figure 93: Serbian Group Non-Single-Premium Insurance - Gross Written Premium (RSD Million), 2013-2018
Figure 94: Serbian Group Non-Single-Premium Insurance - Direct Written Premium (RSD Million), 2009-2013
Figure 95: Serbian Group Non-Single-Premium Insurance - Direct Written Premium (RSD Million), 2013-2018
Figure 96: Serbian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013
Figure 97: Serbian Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018
Figure 98: Serbian Non-Linked Insurance Business - Gross Written Premium (RSD Billion), 2009-2013
Figure 99: Serbian Non-Linked Insurance Business - Gross Written Premium (RSD Billion), 2013-2018
Figure 100: Serbian Non-Linked Insurance Business - Direct Written Premium (RSD Billion), 2009-2013
Figure 101: Serbian Non-Linked Insurance Business - Direct Written Premium (RSD Billion), 2013-2018
Figure 102: Serbian Life Insurance - New Business Gross Written Premium by Distribution Channel (Percentage Share), 2013 and 2018
Figure 103: Serbian Life Insurance - Direct Marketing Commission Paid (RSD Billion), 2009-2013
Figure 104: Serbian Life Insurance - Direct Marketing Commission Paid (RSD Billion), 2013-2018
Figure 105: Serbian Life Insurance - New Business Gross Written Premium (RSD Billion), 2009-2013
Figure 106: Serbian Life Insurance - New Business Gross Written Premium (RSD Billion), 2013-2018
Figure 107: Serbian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013
Figure 108: Serbian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018
Figure 109: Serbian Life Insurance - Number of Direct Marketing Distributors, 2009-2013
Figure 110: Serbian Life Insurance - Number of Direct Marketing Distributors, 2013-2018
Figure 111: Serbian Life Insurance - Bancassurance Commission Paid (RSD Million), 2009-2013
Figure 112: Serbian Life Insurance - Bancassurance Commission Paid (RSD Million), 2013-2018
Figure 113: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Figure 114: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2013-2018
Figure 115: Serbian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013
Figure 116: Serbian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018
Figure 117: Serbian Life Insurance - Number of Bancassurance Distributors, 2009-2013
Figure 118: Serbian Life Insurance - Number of Bancassurance Distributors, 2013-2018
Figure 119: Serbian Life Insurance - Commission Paid to Agencies (RSD Million), 2009-2013
Figure 120: Serbian Life Insurance - Commission Paid to Agencies (RSD Million), 2013-2018
Figure 121: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Figure 122: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2013-2018
Figure 123: Serbian Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013
Figure 124: Serbian Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018
Figure 125: Serbian Life Insurance - Number of Agencies, 2009-2013
Figure 126: Serbian Life Insurance - Number of Agencies, 2013-2018
Figure 127: Serbian Life Insurance - E-Commerce Commission Paid (RSD Million), 2009-2013
Figure 128: Serbian Life Insurance - E-Commerce Commission Paid (RSD Million), 2013-2018
Figure 129: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Figure 130: Serbian Life Insurance - Gross Written Premium New Business (RSD Million), 2013-2018
Figure 131: Serbian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013
Figure 132: Serbian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018
Figure 133: Serbian Life Insurance - Number of E-Commerce Distributors, 2009-2013
Figure 134: Serbian Life Insurance - Number of E-Commerce Distributors, 2013-2018
Figure 135: Serbian Life Insurance - Commission Paid to Brokers (RSD Million), 2009-2013
Figure 136: Serbian Life Insurance - Commission Paid to Brokers (RSD Million), 2013-2018
Figure 137: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Figure 138: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2013-2018
Figure 139: Serbian Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013
Figure 140: Serbian Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018
Figure 141: Serbian Life Insurance - Number of Brokers, 2009-2013
Figure 142: Serbian Life Insurance - Number of Brokers, 2013-2018
Figure 143: Serbian Life Insurance - Commission Paid to Other Channels (RSD Million), 2009-2013
Figure 144: Serbian Life Insurance - Commission Paid to Other Channels (RSD Million), 2013-2018
Figure 145: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2009-2013
Figure 146: Serbian Life Insurance - New Business Gross Written Premium (RSD Million), 2013-2018
Figure 147: Serbian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013
Figure 148: Serbian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018
Figure 149: Serbian Life Insurance - Number of Distributors in Other Channels, 2009-2013
Figure 150: Serbian Life Insurance - Number of Distributors in Other Channels, 2013-2018
Figure 151: Serbia - Insurance Regulatory Framework
Figure 152: Serbia - Insurance Supervision and Control at Various Levels
Figure 153: Serbia - Insurance Regulatory Frameworks for Company Registration and Operation
Figure 154: Serbian Life Insurance - Segment Shares (%), 2013

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The global optical imaging system market is predicted to reach US$ 3 billion by 2024. It is expected to grow at a stable rate and will post a CAGR of more than 8% in the coming years. The growing market infiltration of digital …

• Foremost Trends In Global Pet Care Market

The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…

• China To Review Its Food Security Laws

China has arisen as the globe’s firmest developing economy. In addition, China brags about the biggest population pool in the world. In recent times, the one child policy in the republic was terminated. This is anticipated to upsur…

Global Juvenile Life Insurance Market Status and Outlook 2023-2028

Published: 27-Nov-2023        Price: US 3160 Onwards        Pages: 124

Juvenile life insurance is permanent life insurance that insures the life of a child (generally under age 18). It is a financial planning tool that provides a tax advantaged savings vehicle with potential for a lifetime of benefits. Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve......

Global Life Insurance Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028

Published: 24-Oct-2023        Price: US 3380 Onwards        Pages: 122

Market Overview of Global Life Insurance market: According to our latest research, the global Life Insurance market looks promising in the next 5 years. As of 2022, the global Life Insurance market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years. Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary......

Global Life Insurance Market Insights, Forecast to 2029

Published: 14-Aug-2023        Price: US 4900 Onwards        Pages: 127

Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expense......

Global Life Insurance Market Status and Outlook 2023-2028

Published: 17-Mar-2023        Price: US 3160 Onwards        Pages: 125

Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (m......

Global Life Insurance Market Insights: Impact of COVID-19 and Future Expectations to 2028

Published: 28-Feb-2023        Price: US 3260 Onwards        Pages: 102

The Life Insurance market revenue was 2942240.0 Million USD in 2022, and will reach 3928875.0 Million USD in 2028, with a CAGR of 4.94% during 2022-2028. This report elaborates the market size, market characteristics, and market growth of the Life Insurance industry, and breaks down according to the type, application, and consumption area of Life Insurance. The report also introduces players in the industry from the perspective of the industry chain and marketing chain and describ......

Global Universal Life Insurance Market Status and Outlook 2023-2028

Published: 17-Feb-2023        Price: US 3160 Onwards        Pages: 125

Universal life (UL) insurance is permanent life insurance with an investment savings component. Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve all their goals while taking advantage of emerging opportunities. Technological advancements, new product launches, and market capital f......

Global Term Life Insurance Market Status and Outlook 2023-2028

Published: 16-Feb-2023        Price: US 3160 Onwards        Pages: 129

Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve all their goals while taking advantage of emerging opportunities. Technolog......

Global Permanent Life Insurance Market Status and Outlook 2023-2028

Published: 13-Feb-2023        Price: US 3160 Onwards        Pages: 124

Permanent life insurance is an umbrella term for life insurance policies that do not expire. Typically, permanent life insurance combines a death benefit with a savings portion. Whole life insurance offers coverage for the full lifetime of the insured, and its savings can grow at a guaranteed rate. Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) d......

Global Life Insurance Market Research Report 2023

Published: 06-Feb-2023        Price: US 2900 Onwards        Pages: 109

Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expense......

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