Serbia Insurance Q3 2018
Serbia's insurance market will continue to develop steadily through the next few years, with less prominent lines, such aslife and health insurance, coming increasingly to the fore. This expansion will be aided by a strong economy and the risingaffordability of discretionary products to local consumers. That said, many of the market's traditional constraints present ongoingrisks to growth, most notably the low incomes of Serbian households and the country's dependence on external demand inneighbouring eurozone markets. High levels of competition and a narrowing customer base will also restrict the growth of basiclines such as property and transport insurance in 2018, as they are expected to decline, but this will be followed by a period ofmodest growth.
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