The participants on the Serbian insurance market

Piljan, Ivan and Cogoljević, Dušan and Vujadin, Nataša (2014) The participants on the Serbian insurance market. International review (1-2). pp. 136-141. ISSN 2217-9739

[img] Text
The Participants on The Serbian Insurance Market .pdf - Published Version
Restricted to Repository staff only
Download (293kB)

Abstract

The insurance sector significantly influences the economic development of any country and it is an important factor of financial sector stability. The Serbian insurance sector is underdeveloped and according to the level of the development, it is positioned under the average value of EU countries. This is corroborated by the indicators of insurance market development – the relation between the total premium and the GDP and the total premium per capita. Based on the 2004 Law on Insurance and the Law on the Amendments to the Law on the National Bank of Serbia, the supervision of insurance activities has been entrusted to the National Bank of Serbia. In 2004, the National Bank of Serbia defined and revealed its strategic goal in the insurance area - creating and observing a safe and stable insurance sector and ensuring public trust in the insurance sector, and protecting insured and third persons. According to its legal authority, the National Bank of Serbia delivers acts required by law, supervises insurance sector activities, issues and revokes licenses for businesses of insurances, reinsurances, brokerage and insurance agencies and businesses directly connected with insurance activities, gives consent to acts, issues and revokes consent for appointment of members – the Director and Supervisory Board, issues and revokes consent for acquisition of qualifying holdings in insurance companies, processes statistical and other information, maintains registers of data according to the Law, considers complaints on the work of insurance companies applied by insured and the third parties, including the businesses of mediation activities.

Item Type: Article
Uncontrolled Keywords: insurance market development, supervision over insurance activities, insurance company
Subjects: 300 Scienze sociali
Depositing User: Marina Spanti
Date Deposited: 25 Jan 2016 15:04
Last Modified: 25 Jan 2016 15:04
URI: http://eprints.bice.rm.cnr.it/id/eprint/10385

Actions (login required)

View Item View Item
CNR Solar is powered by EPrints 3 which is developed by the School of Electronics and Computer Science at the University of Southampton. More information and software credits.