OPTIMISM IN THE DEVELOPMENT OF THE INSURANCE SECTOR IN SERBIA

Abstract

The crisis caused by the covid-19 pandemic forces insurance companies to take into account the sensitivity of their portfolios and adjust their business. The authors analyse the degree of development of the insurance market in Serbia by insurance penetration and density. The paper also analyzes the impact of the pandemic on the insurance sector and aim of this paper is to point out the possible contribution of insurance to pandemic risk management. The conclusion of the paper is to demand greater participation of the insurance sector in dealing with the consequences of the pandemic.