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Kosovo's Central Bank decides on the temporary reduction of border motor liability insurance
The Executive Board of the Central Bank of the Republic of Kosovo on the meeting held on June 24, 2021 has decided to temporarily reduce the border motor liability insurance.
30 June 2021STATISTICS: Kosovo insurers posted a quarterly loss of over half million euro
The insurance market of Kosovo totaled EUR 25.7 million at the end of Q1 2021, 12.5% more y-o-y, according to data provided by the Central Bank (CBK).
The figures reveal that the quarterly aggregate market result was negative, the 13 local insurers reporting a net loss of EUR -0.6 million, from a net profit of EUR 2.1 million at the end of March 2020.
The figures reveal that the quarterly aggregate market result was negative, the 13 local insurers reporting a net loss of EUR -0.6 million, from a net profit of EUR 2.1 million at the end of March 2020.
20 May 2021STATISTICS: Who are the 2020's biggest insurers in Kosovo?
SIGAL UNIQA, SIGMA VIG and ILLYRIA are, in terms of FY2020 GWP, the largest insurance companies that are active on Kosovo insurance market, according to the market shares presented by Slovene re/insurer SAVA Re in its 2020 Annual Report.
15 April 2021STATISTICS: Kosovo insurers reported YE 2020 net profit of EUR 4.1 million
Kosovo active 13 insurers reported aggregate net profit of EUR 4.1 millon at the end of 2020, as compared with a market net loss of EUR -2.8 million at December 31st, 2019, according to data provided by the Central Bank (CBK).
18 February 2021STATISTICS: KOSOVO, 3Q2020: Insurers reported profits of almost EUR 5 million at end-September
Kosovo insurers posted a net profit of EUR 4.9 million in the nine months through September, compared to a net loss of EUR -0.8 million a year earlier, Central Bank monthly figures showed.
3 December 2020KOSOVO: CBK and Kosovo Competition Authority discussed about MTPL market liberalization
The Deputy Governor of the Central Bank of Kosovo (CBK) for Financial Supervision, Sokol Havolli and the Chairman of the Kosovo Competition Authority (KCA) , Valon Prestreshi presented to the media the measures taken regarding the new model that will be applied with the cost of compulsory insurance.
1 October 2020STATISTICS: KOSOVO, 1H2020: Insurers turned on profit at the end of June
The insurance market of Kosovo totaled EUR 46.36 million at the end of June 2020, 4.29% less y-o-y, data provided by the Central Bank (CBK) showed.
24 September 2020KOSOVO: Insurance Association of Kosovo proposes legislative solutions for the uninsured vehicles problem
It is estimated that about 140 thousand unregistered / uninsured vehicles circulate on the roads of Kosovo, which cause damage to millions of insurance companies, but also the Kosovo budget, the Insurance Association of Kosovo reports.
23 September 2020KOSOVO: CBK temporarily reduces border-MTPL tariffs by 35%
The Executive Board of the Central Bank of the Republic of Kosovo in the meeting held on July 29 has decided to temporarily reduce the motor liability border insurance.
19 August 2020STATISTICS: KOSOVO, 1Q2020: The insurance market increased by 2.22% despite the lower number of issued policies
At the end of March 2020, the Kosovo insurance market totaled EUR 21.91 million, 2.22% more y-o-y, the market statistics published by the Central Bank of Kosovo - CBK indicates. During the reported period, claims paid by insurers totaled EUR 12.69 million, up by 17.57% y-o-y.
4 June 2020KOSOVO: 20% of national vehicles fleet was uninsured in 2019
According to the Central Bank of Kosovo (CBK) Governor, Fehmi Mehmeti, between 40,000 and 60,000 uninsured vehicles circulated in Kosovo during 2019. This number represented roughly 20% of the total national fleet of vehicles.
16 April 2020STATISTICS: KOSOVO, FY2019: insurers reported annual loss of EUR 2.8 million
The insurance market of Kosovo totaled EUR 101.5 million at the end of 2019, 8.5% more y-o-y, according to data provided by the Central Bank (CBK).
20 February 2020KOSOVO: CBK limits non-life insurers expenses to 24% of GWP
In order to improve the financial strength of local insurers, Central Bank of Kosovo (CBK) introduced at the beginning of February 2020 a set of rules that will limit the overall commissions and operational costs of non-life insurers to a maximum amount of 24% of all non-life gross written premiums volume.
11 February 2020KOSOVO: CBK allows insurers to adjust MTPL tariffs to inflation
Central Bank of the Republic of Kosovo (CBK), based on the International Monetary Fund review over the stability of financial sector of Kosovo, initiated the evaluation process over risk premiums on MTPL business line.
29 November 2019KOSOVO insurers ended Q3 on loss
Kosovo's insurance companies posted a net loss of EUR -0.8 million at the end of September 2019, compared to a net profit of 2.1 million euro a year earlier, according to the "Monthly Information Report of the Financial System" published by the Central Bank.
18 November 2019STATISTICS: KOSOVO: the number of sold policies expanded by more than 10% y-o-y during 3Q
The insurance market of Kosovo increased by 7.66% y-o-y during 3Q, to EUR 73.3 million, according to data published by the Central Bank - CBK. The aggregate value of paid claims was up by 8.52% y-o-y, to EUR 33.93 million, of which EUR 21.12 million related to Domestic MTPL policies.
7 November 2019KOSOVO: Insurers exempted from taxation on collected premiums
Insurance companies from Kosovo were exempted from paying the tax of 5% on turnover, including the 1% share that was redirected to the Red Cross of Kosovo.
5 September 2019STATISTICS: KOSOVO, 1H2019: Market profitability affected by the claims reserves increase
By the end of the first half of 2019, Kosovan insurance companies have written EUR 48.4 million in GWP, 7.8% more than the level recorded in the first half of the prior year (1H2018: EUR 45 million).
29 August 2019Albanian insurance companies in Kosovo head bankruptcy
9 June 2019STATISTICS: Kosovo insurers' Q1 net profit decreased by75% EUR 100 thousand
The net profit of Kosovo insurers decreased to EUR 100,000 at the end of March 2019, from EUR 400,000 a year earlier, as the figures published by CBK showed.
16 May 2019
