The motor third party liability insurance over a longer period of time accumulated the largest premium of all types of life and non life insurances in the Republic of Serbia. Since it is a compulsory insurance it is determined by the detailed legal provisions and undergoes stricter supervisions conducted by the state authorities.
The paper shows the business results by the Insurance Companies as well as for the whole market including number of policies, premium, number and amount of paid and reserved claims, ratio numbers, technical result and financial profits or loss.
The liberalization of the market is being proposed aiming for the raise of the quality and freedom of services related to this type of insurance, the improvement of bonus-malus system as well as the increase of the limited expenses used to cover the business costs including acquisition provision.
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