The Competition Commission has conducted a competition assessment of the Serbian insurance market between 2012 and 2015.

The main objective of the assessment is to determine the market structure and the relationships between the largest competitors, as well as to detect the market's weaknesses that may ultimately result in competition infringement.

A working group will be formed, comprising representatives of the commission, the National Bank of Serbia, the Ministry of Finance and the Ministry of Trade, Tourism and Telecommunications. The group will be tasked with drafting the Draft Block Exemption Regulation in the insurance sector, which will take into account both the European regulations and the specific features of the Serbian insurance sector.

The commission invited all insurance market stakeholders and other experts to provide their comments to the report by February 28 2017.

For further information on this topic please contact Srdjana Petronijevic at Moravcevic Vojnovic i Partneri in cooperation with Schoenherr by telephone (+381 11 320 26 00) or email (s.petronijevic@schoenherr.rs). The Moravcevic Vojnovic i Partneri website can be accessed at www.schoenherr.rs.

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