Relevance of the Insurance Organizations on the Financial Market

Mladenka Balaban, Ivana Simeunovic and Miljka Markovic
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Mladenka Balaban: Institute of Economic Sciences, Belgrade, Serbia
Ivana Simeunovic: Belgrade Banking Academy
Miljka Markovic: Unicredit Bank

Economic Analysis, 2010, vol. 43, issue 3-4, 59-69

Abstract: 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.

Keywords: Financial markets; Insurance sector; life insurance; development; financial instruments (search for similar items in EconPapers)
JEL-codes: G2 G22 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ibg:eajour:v:43:y:2010:i:3-4:p:59-69

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