ECONOMIC ANALYSIS OF LIFE INSURANCE MARKET IN REPUBLIC OF SERBIA

The main goal of this is to evaluate the possibility of efficient expansion of the life insurance market in the Republic of Serbia, as well as the economical and social influence that the development of this market would have on Serbia’s economy. The growth of life insurance market would definitely contribute to a better and safer life, general prosperity of the country, expansion of the economy, and the social structure of the country as a whole. The perspectives of the life insurance market in Serbia are great, since the market is rich enough and incomes have risen, and a very small number of people are insured.