Vice Governor of the National Bank of Serbia (NBS), Željko Jović, stated that Serbia’s GDP in the third quarter of this year maintained trends similar to those seen at the beginning of 2025. The NBS expects economic growth of 2.1 percent by the end of the year and 3.5 percent in 2026.
“We base this projection on expected growth in final consumption, which should result from higher wages and pensions, as well as investment activity, particularly related to the EXPO project,” Jović said at the “Serbian Insurance Days” conference on Zlatibor. The event is organized by the Association of Serbian Insurers (UOS), under this year’s slogan, “Ajde, Jano, kuću da osiguramo.”
Among the risks to economic growth, Jović highlighted global uncertainty, rising protectionism, challenges in the energy sector, and domestic risks related mainly to political and social tensions.
He noted that last year insurance premiums totaled 177 billion dinars, with total assets reaching 417 billion dinars. The net result increased by 21.5 percent year-on-year. Non-life insurance continues to dominate the market with an 83.7 percent share. Despite strong double-digit growth in household and corporate assets, households still have a relatively low share in the total premium, indicating significant potential for further industry development.
President of the UOS Assembly, Miloš Milanović, said that all key statistical indicators have doubled over the past decade and that public trust in the insurance industry has grown.
“We have changed the public’s perception of the importance of insurance. What lies ahead is the introduction of digital exchange of police accident reports with liability details, which will further strengthen public confidence,” Milanović said.
