National Bank of Serbia is the central bank of the Republic of Serbia and as such its main responsibilities are the protection of price stability and maintenance of financial stability.

Core functions of the National Bank of Serbia include determining and implementation of the monetary policy, as well as that of the dinar exchange rate policy, management of the foreign currency reserves, issue of banknotes and coins, and maintenance of efficient payment and financial systems.

In addition to its legal mandate to preserve stability of the national currency and ensure functioning of an efficient financial system, the National Bank of Serbia is also charged with social responsibilities. As an institution of national and European significance, the NBS actively engages in public education.

According to Serbian Insurance Law, certified actuaries perform actuary activities. A certified actuary is a person licensed by the National Bank of Serbia to conduct actuarial activities. The National Bank of Serbia determines terms and conditions for acquiring the title of certified actuary. The general manager of the insurance company nominates the certified actuary.

Actuaries are professionals who assess financial consequences of unforeseen events, different types of risks and solvency of insurances companies. They play a key role in the insurance industry, thus such long term training program will lead to a more effective and efficient implementation of insurance services in Serbia.

With the support of USAID, NBS is organizing the Actuarial Training Course. This intensive course is part of the Program for the Improvement of the Actuarial Profession, developed jointly by USAID and the National Bank of Serbia. It focuses on Pension Insurance, Risk Modeling and Property and Casualty Insurance. After the successful completion of the course, participants will meet internationally-recognized testing standards for certification, enabling them to become certified actuaries after acquiring three years of practical work experience.