Expat Serbia

Insurance

Banking is one major sector, which has been on a continuous growth curve since the revival of the Serbian economy.

Taking into account the growth in per capita income together with several other driving factors, a huge opportunity is also in store for the insurance companies in Serbia.

The Serbian insurance sector is small, a fact evident from regional as well as a global comparison. But with the entry of foreign players, the Serbian insurance market has become more vibrant. Competition in this market is increasing with companies continuously exerting effort to lure customers with offers of new products. Like many of its peers in Central and Eastern Europe, Serbia’s insurance sector is never going to be particularly large. Where it differs from many other markets in the region is that the global financial crisis has not caused a total collapse in the sector so the real opportunity for the insurance companies lies in their chance to educate the local population about insurance products and their benefits by offering attractive insurance packages and gaining the clients' trust.

When living or working in Serbia, you may not have the same level of access to the health care system as to the Serbian population. So, it is crucial to have some professional advice on how to choose the right expatriate health insurance while you are in Serbia. Make sure you understand the intricacies of the local insurance system, or you might find yourself out of pocket in the event of a crisis. The best plan is to visit the individual insurance company shops.