Personal Accident and Health Insurance in Serbia, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Serbia, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Serbia Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Serbian personal accident and health 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, combined ratio, 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 'Personal Accident and Health Insurance in Serbia Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Serbian personal accident and health insurance segment, including:

  • An overview of the Serbian personal accident and health insurance segment
  • The Serbian personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Serbian economy and demographics
  • A comparison of the Serbian personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Serbian personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Serbia
  • Details of regulatory policy applicable to the Serbian insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Serbia:
  • It provides historical values for the Serbian personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Serbian personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Serbia.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Serbian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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 personal accident and health segment accounted for 10.8% of the industry’s gross written premium in 2015.
  • The personal accident and health segment’s penetration rate was lower than that of the life and non-life segments.
  • Direct marketing is the largest distribution channel in Serbia and accounted for 80.6% of the segment’s direct written premium in 2015.
  • The Serbian personal accident and health insurance segment is highly concentrated, as the 10 leading insurers accounted for 98.8% of the gross written premium in 2015.


  • Key Facts and Highlights
    • Table Serbian Personal Accident and Health Insurance - Key Facts, 2015
    • Table Serbian Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Serbian Government Credit Ratings, 2016
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Serbian Personal Accident and Health Insurance - Gross Written Premium (RSD Billion and US$ Million), 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Gross Written Premium (RSD Billion and US$ Million), 2015-2020
        • Table Serbian Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Serbian Personal Accident and Health Insurance - Premium per Capita (RSD and US$), 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Premium per Capita (RSD and US$), 2015-2020
      • Policies sold
        • Table Serbian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Serbian Personal Accident and Health Insurance - Paid Claims (RSD Billion and US$ Million), 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Paid Claims (RSD Billion and US$ Million), 2015-2020
      • Profitability
        • Table Serbian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Serbian Personal Accident and Health Insurance - Total Assets (RSD Billion and US$ Million), 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Total Assets (RSD Billion and US$ Million), 2015-2020
  • Outlook by Category
    • Table Serbian Personal Accident and Health Insurance - Direct Written Premium by Category (RSD Billion),2011-2015
    • Table Serbian Personal Accident and Health Insurance - Direct Written Premium by Category (RSD Billion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Serbian Personal Accident Insurance - Direct Written Premium (RSD Billion and US$ Million), 2011-2015
        • Table Serbian Personal Accident Insurance - Direct Written Premium (RSD Billion and US$ Million), 2015-2020
      • Policies
        • Table Serbian Personal Accident Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Serbian Personal Accident Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Serbian Personal Accident Insurance - Paid Claims (RSD Billion and US$ Million), 2011-2015
        • Table Serbian Personal Accident Insurance - Paid Claims (RSD Billion and US$ Million), 2015-2020
      • Profitability
        • Table Serbian Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Serbian Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Serbian Health Insurance - Direct Written Premium by Sub-Category (RSD Billion), 2011-2015
        • Table Serbian Health Insurance - Direct Written Premium by Sub-Category (RSD Billion), 2015-2020
      • Policies
        • Table Serbian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Serbian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Serbian Health Insurance - Paid Claims (RSD Billion and US$ Million), 2011-2015
        • Table Serbian Health Insurance - Paid Claims (RSD Billion and US$ Million), 2015-2020
      • Profitability
        • Table Serbian Health Insurance - Loss Ratio (%), 2011-2015
        • Table Serbian Health Insurance - Loss Ratio (%), 2015-2020
    • Travel Insurance
      • Premium
        • Table Serbian Travel Insurance - Direct Written Premium (RSD Billion), 2011-2015
        • Table Serbian Travel Insurance - Direct Written Premium (RSD Billion), 2015-2020
      • Policies
        • Table Serbian Travel Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Serbian Travel Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Serbian Travel Insurance - Paid Claims (RSD Million and US$ Million), 2011-2015
        • Table Serbian Travel Insurance - Paid Claims (RSD Million and US$ Million), 2015-2020
      • Profitability
        • Table Serbian Travel Insurance - Loss Ratio (%), 2011-2015
        • Table Serbian Travel Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Direct marketing
      • Brokers
      • Bancassurance
      • Agencies
      • Other distribution channels
  • Competitive Landscape
    • Table Serbian Personal Accident and Health Insurance - Segment Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Kompanija Dunav Osiguranje - company overview
        • Table Kompanija Dunav Osiguranje ADO - Key Facts
        • Table Kompanija Dunav Osiguranje ADO - Key Financials (RSD Million), 2011-2015
      • DDOR Novi Sad Osiguranje - company overview
        • Table DDOR Novi Sad Osiguranje - Key Facts
        • Table DDOR Novi Sad Osiguranje - Key Financials (RSD Million), 2011-2015
      • Generali Osiguranje Srbija - company overview
        • Table Generali Osiguranje Srbija - Key Facts
        • Table Generali Osiguranje Srbija - Key Financials (RSD Million), 2011-2015
      • Uniqa Zivotno Osiguranje - company overview
        • Table Uniqa Zivotno Osiguranje - Key Facts
        • Table Uniqa Zivotno Osiguranje - Key Financials (RSD Million), 2011-2015
      • Axa Ne-ivotno Osiguranje - company overview
        • Table Axa Ne-ivotno Osiguranje - Key Facts
        • Table Axa Ne-ivotno Osiguranje - Key Financials (RSD Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Serbia - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life Insurance
        • Table Serbia - Life Insurance Regulatory Framework
      • Property Insurance
        • Table Serbia - Property Insurance Regulatory Framework
      • Motor Insurance
        • Table Serbia - Motor Insurance Regulatory Framework
        • Table Serbia - Bonus-Malus System
      • Liability insurance
        • Table Serbia - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Health insurance
      • Personal accident insurance for passengers on public transport
      • Aviation liability insurance
        • Table Serbia - Minimum Cover Under Passenger Liability Insurance for Aircraft Owners
      • Motor third-party liability insurance
      • Marine liability insurance
      • Liability Insurance for bank deposits
      • Liability insurance for tour operators
      • Clinical trials liability insurance
      • Professional indemnity insurance for insurance brokers
      • Liability insurance for oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • National Bank of Serbia
      • Association of Serbian Insurers
      • Association for Insurance Law of Serbia
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table Serbia - Minimum Capital Requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Serbia - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Serbian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Serbian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
      • Claims and expenses
        • Table Serbian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
      • Personal accident insurance
        • Table Serbian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
      • Health insurance
        • Table Serbian Personal Accident and Health Insurance - Health Insurance, 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Health Insurance, 2015-2020
      • Health insurance by product
        • Table Serbian Personal Accident and Health Insurance - Health by Product, 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Health by Product, 2015-2020
      • Travel insurance
        • Table Serbian Personal Accident and Health Insurance - Travel Insurance, 2011-2015
        • Table Serbian Personal Accident and Health Insurance - Travel Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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