Kosovo

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Location map
author: CIA


Location:
- Southeast Europe;
- Neighbours: Macedonia, Albania, Montenegro, Serbia.

Climate:
- influenced by continental air masses resulting in relatively cold winters with heavy snowfall and hot, dry summers and autumns;
- Mediterranean and alpine influences create regional variation;
- maximum rainfall between October and December.


Macro indicators
* 2018 estimates
Surface:10,908km2
Population*:1.8million
Pop. density*:165.9people/km2
GDP*:6.8EUR billion
GDP/capita*:3,726.4EUR

European Union:
Potential candidate

Currency: Euro
Code: EUR
- unilaterally adopted EUR currency


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:3%
TOTAL NON-LIFE*:97%


Sources:



 


Statistics

tari standard

Kosovo 1H2020 Market Portfolio

tari standard

Kosovo 1Q2020 Market Portfolio


See all statistics

Latest news





KOSOVO insurers swing to 3.2 mln euro net profit in Sept

Kosovo's insurance companies turned to a net profit of 3.2 million euro ($3.7 million) in September 2017, from a net loss of 12.1 million euro in the same month a year earlier, central bank figures showed.





KOSOVO: Insurance has increased by 6.1 percent

According to CBK's report, in 2016, the value of premiums written by insurance companies amounted to euro 83.5 million, which represents an annual increase of 4.4 percent.

KOSOVO insurers' net profit declines 15.4% y/y in Q1

Kosovo's insurance companies posted a combined net profit of 1.1 million euro ($1.2 million) in the first quarter of the year, compared to a net profit of 1.3 million euro in the like period of 2016, according to data from the country's central bank.

KOSOVO insurers' net loss triples in 2016

Kosovo's insurance companies posted a combined net loss of 23.9 million euro ($25.4 million), more than three times higher than their aggregate net loss of 7.7 million euro in 2015, data from the country's central bank shows.


STATISTICS: KOSOVO insurers' Jan-Sept GWP rises 3% y-o-y

In 3Q 2016 the Kosovo insurers reported a 3% y-o-y increase in GWP to EUR 62.9 million, as the Central Bank - CBK data showed. MTPL premiums accounted for about 65% of total GWP, of which a share of 56% - third party liability policies, while the share of Border policies was close to 9%. Other types of voluntary segments accounted for ~35% of total market.

Kosovo - Serbia reach reciprocal "sticker agreement" for car plates

An agreement signed on September 14 will eliminate the need for drivers of Kosovo-registered cars to purchase temporary "proba" plates when traveling in Serbia. "After three years of the proba plates, I told our international partners, 'It's time for reciprocity'," Edita Tahiri, Kosovo Minister for Dialogue, said for PI.

KOSOVO's insurers 7-mo net loss more than quadruples

Kosovo's insurance companies posted a combined net loss of 11.5 million euro for the first seven months of the year, compared to a net loss of 2.5 million euro in the same period last year, data from the country's central bank indicated.

STATISTICS: KOSOVO, 1H2016: Insurers posted GWP of EUR 40 million in 1H2016

The Kosovo insurers' GWP increased by 1.68% y-o-y to EUR 39.96 million in the first half of 2016, as shown by the Central Bank's data. Gross written premiums from Motor TPL insurance increased by 5.28% to EUR 22.57 million, generating about 56.48% of total GWP. The total gross claims paid were down by more than 8% to EUR 17.81 million.

KOSOVO insurers total net loss deepens sharply in H1

Kosovo's insurance companies posted a combined net loss of 11 million euro for the first half of the year, as compared to a net loss 2.5 million euro net loss a year ago, data from the country's central bank indicated.

STATISTICS: KOSOVO, 1Q2016: Voluntary policies drove the market growth

At the end of March 2016, the Kosovo insurance market totaled EUR 18.50 million - 2.56% more y-o-y, according to the market statistics published by the Central Bank of Kosovo - CBK. During the reported period, claims paid by insurers totaled EUR 8.20 million, down by 8.71%.