The Association of Serbian Insurers has signed a Cooperation Agreement with the Serbian Chamber of Commerce and the Serbian Banking Association, which envisages joint work on the development of the financial services market, the Association said on its website.

It is noted that the agreement represents a platform for dialogue and connecting the real and financial sectors to support the economy and develop new financial services. According to Marko Čadež, President of the Serbian Chamber of Commerce, this is an excellent initiative.

"The Serbian Banking Association has successfully cooperated with the Serbian Chamber of Commerce and the Association of Serbian Insurers on various issues and on various ad hoc projects. I expect that signing of this agreement and formalization of inter-institutional cooperation will improve understanding of the needs of the real sector and accelerate responses of the financial sector to these needs", commented Marina Papadakis, Secretary General of the Serbian Banking Association.

Secretary General of the Association of Serbian Insurers Duško Jovanović emphasized that developed countries have long recognized insurance as an important instrument of long-term economic development. "Insurance serves the function of mobilizing free financial resources, providing additional liquidity in the financial market, and putting free capital into the economic development. Therefore, this cooperation with the Banking Association and the Chamber of Commerce is of exceptional importance for the state, the financial sector and the economy, because it stimulates development", Jovanović added.