Life insurance prospects in Serbia

Belgrade, October 8, 2009

What are the prospects of life insurance services in Serbia?

The most underdeveloped in this area

Source: DDOR Novi Sad

Balkan area map with GPW per capita 2008 per region

Source:

NL 219 EURL 81 EUR

NL 43 EURL 13 EUR

NL 103 EUR L 18 EUR

NL 169 EURL 181 EUR

NL 91 EUR L 22 EUR

NL 76 EURL 10 EUR

Source: Insurance Development Fund

Household savings distribution Serbia – euro zone

Source:

Savings structure 2007 Serbia Euro Zone

Bank deposits 95% 35%

Life insurance 2% 21%

Investment funds 2% 18%

Pension funds 1% 12%

Others - 14%

Source: Insurance Development Fund

0102030405060708090

100

SerbiaEuro Zone

Source: Insurance Development Fund

Household savings distribution Serbia – euro zone - graphic

Two basic sub lines of Life Business

Source: DDOR Novi Sad

Insurance of risks

Insurance of savings

Risk insurance - possible products

Source: DDOR Novi Sad

Death

Disability (partial/total, accident/illness, permanent/temporary)

Dread diseases

Long Term Care

Permanent Health Insurance

Basic factors we need for all of them:

Source: DDOR Novi Sad

To make aware the population

Insurance know how (in the companies and in the supervisory authority)

Distribution Channel

Possible Saving products

Unit Linked

Index Linked

Universal Life

Source: DDOR Novi Sad

Thank you