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Relevance of the Insurance Organizations on the Financial Market


  • Mladenka Balaban

    (Institute of Economic Sciences, Belgrade, Serbia)

  • Ivana Simeunovic

    (Belgrade Banking Academy)

  • Miljka Markovic

    (Unicredit Bank)


Financial markets in Serbia are characterized by the under development of the capital market and more than poor offer of all financial instruments. Besides this, great level of risk is present and non market control of risk management in the insurance sector is visible. Insurance organizations in Serbia are mostly visible on the currency market, in its by far most expensive segment – credit-deposit market. Reason for this can be found in the fact that low degree of development of life insurance sector (below 10%) which is a sign that the insurance organizations in Serbia have very modes financial means.

Suggested Citation

  • Mladenka Balaban & Ivana Simeunovic & Miljka Markovic, 2010. "Relevance of the Insurance Organizations on the Financial Market," Economic Analysis, Institute of Economic Sciences, vol. 43(3-4), pages 59-69.
  • Handle: RePEc:ibg:eajour:v:43:y:2010:i:3-4:p:59-69

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    More about this item


    Financial markets; Insurance sector; life insurance; development; financial instruments;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies


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