Kosovo
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Kosovo 1H2020 Market Portfolio
Kosovo 1Q2020 Market Portfolio
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Latest news
Pacolli elected as head of Administrative Council of KOSOVO Insurance Bureau
Rrahim Pacolli has been elected as head of Administrative Council of Kosovo Insurance Bureau on Tuesday.
9 December 2015Austrian bank in KOSOVO punished for cheating clients
Kosovo's Central Bank has ordered the local Raiffeisen Bank to pay a 1 Euro million penalty for cheating its clients over an insurance product.
26 November 2015STATISTICS: KOSOVO 3Q insurance market down by 0.3% y-o-y
In 3Q 2015 the Kosovo insurers reported a slight y-o-y decrease in GWP,
of 0.27%, to EUR 61.03 million, as the Central Bank data showed (Note: The figures presented by CBK include only the insurers' activity on non-life segment). Claims paid by local insurers for this period increased significantly by 17.54% y-o-y to EUR 23.07 million.
12 November 2015KOSOVO Insurance Bureau official "freezes wrong agreement"
Speaking on Wednesday, the Kosovo minister in charge of the
Belgrade-Pristina dialogue explained that this agreement, reached on
June 23, "has nothing to do with those on temporary license plates and
freedom of movement."
14 September 2015KOSOVO decides to freeze the agreement on insurance policies with Serbia
The head of the technical delegation on issues concerning border
insurance, Rrahim Pacolli, has decided to freeze as of this midnight the
agreement for the mutual recognition of border insurance policies
between Kosovo and Serbia. Pacolli took this decision based on
article 9 of the statute of the Kosovo Insurance Bureau, stressing that
the agreement reached on June 23 in Brussels is not being implemented in
a mutual way by the Serb side.
8 September 2015KOSOVO accuses Serbia of boycotting free-circulation EU-brokered deal, issues ultimatum
Officials in Kosovo accused today Serbia for not respecting the EU brokered deal of last month over free circulation, which related to vehicles plates and insurance policies in both countries, and gave a one week ultimatum to Belgrade authorities to end the boycott.
7 September 2015STATISTICS: KOSOVO insurers reported a loss of EUR 2.5 million at the end of June
During the January-June 2015 period, the Kosovo insurance market maintained similar results to those reported for the 1H2014 period - GWP of EUR 39.3 million, while the value of paid claims increased by 22% y-o-y to EUR 19.4 million, according to financial figures published by the Central Bank of the Republic of Kosovo (CBK). During 1H2015, the number of policies sold by insurance companies was 447.9 thousand, representing an annual increase of 4.5%.
26 August 2015KOSOVO: Belgrade-Pristina vehicle insurance deal in force as of midnight
The implementation of the memorandum on vehicle insurance, which
representatives of Belgrade and Pristina signed in Brussels, began at
midnight on Tuesday.
17 August 2015KOSOVO: UNIQA's Q1 pre-tax earnings fall
Austrian insurance group UNIQA said on Friday its earnings before taxes
from operations in Kosovo fell to 100,000 euro in the first three months
of 2015 from 400,000 euro a year earlier.
26 May 2015STATISTICS: KOSOVO, 1Q2015: GWP of EUR 18 million, similar with the 1Q2014 value
At the end of March 2015, the Kosovo insurance market totaled EUR 18.04 million - a value similar to that reported for the first quarter of last year, the market statistics published by the Central Bank of Kosovo - CBK indicate. During the reported period, claims paid by insurers totaled EUR 8.98 million, 18.53% more y-o-y.
13 May 2015STATISTICS: KOSOVO insurers reported a 3.5% increase in 2014, supported by positive rates in voluntary classes
Last year, the Kosovo insurance market totaled EUR 80.08 million, or 3.48% more y-o-y, according to the preliminary statistics published by the Central Bank of the Republic of Kosovo (CBK). At the same time, the volume of paid claims by local insurers decreased significantly by 18.90%, to EUR 31.18 million.
4 February 2015STATISTICS: KOSOVO, 3Q2014: Voluntary insurances gaining ground
The Kosovo insurance sector reported a slight y-o-y increase in GWP, of 1.65%, to EUR 61.2 million in the first nine months of 2014, as the Central Bank data showed (Note: The figures presented by CBK include only the insurers' activity on non-life segment). MTPL premiums accounted for more than a half of total GWP, while the share of Border policies premiums was close to 20%. Other types of voluntary insurance accounted for ~28% of total market.
30 October 2014Accident Compensation: Annually, over 300 requests in KOSOVO and MACEDONIA
More than 300 requests for compensation for damages caused by a vehicle
accident or other mishap en route are being submitted to the national
insurers' bureaus by the citizens of Kosovo and Macedonia traveling in
both countries, Telegraf.mk reads.
27 October 2014KOSOVO, 1H2014: Insurance market sees slight decrease in GWP
During the first six months of the current year, due the volume of gross written premiums criteria, the insurance sector in Kosovo reported a slight decrease of 0.5% y-o-y to EUR 39.2 million, the Central Bank data showed.
21 August 2014KOSOVO, 1Q2014: Market rates influenced by the number of MTPL insured
For the January-March 2014 period, the Central Bank of Kosovo - CBK reported a 5.9% decrease of the insurance market to EUR 18 million, due the 21% decrease of MTPL insurance sector. Claims paid by insurers totaled EUR 7.6 million at the end of March 2014, or 42% less compared to 1Q2013.
7 August 2014Kosovo insurance market seen diminishing 5% in 2013
In 2013, the Kosovo's' insurance market was characterized by a 5% decrease in GWP, a 26% increase in claims paid by the insurers and a 21% increase in the total number of policies sold by the companies, according to the full year preliminary results published by the local market authority - Central Bank of Kosovo (CBK).
13 February 2014KOSOVO, 3Q2013: Lower premiums and a loss of almost EUR 100.000
According to data published by the Central Bank of the Republic of
Kosovo (CBK), the insurance market reported a negative result in 3Q2013.
Gross written premiums totaled EUR 60.2 million, or 5% less as compared
to the January-September 2012 period. At the same time, the paid claims
of insurers increased by 37% to EUR 29.5 million.
28 November 2013KOSOVO 1H2013: 16% growth in GWP, 50% increase in claims
During the period January-June 2013, Kosovo insurance market has continued with an increase. The volume of gross written premium for the above mentioned period has arrived in amount of EUR 40.3 million or 16% more comparing with the same period of previous year.
3 October 2013Border agreement adds to KOSOVO coffers
As a result of the EU-mediated Integrated Border Management agreement
reached with Serbia, Kosovo has increased its customs revenues, which
should begin to make up for losses that been taking place since 2003.
1 August 2013KOSOVO, FY2012: CBK reported a 4.4% y-o-y increase in GWP to EUR 81.5 million
At the end of 2012 Kosovo's insurers posted total gross written premiums of EUR 81.5 million, up 4.4% y-o-y, according to the financial figures published by the Central Bank of the Republic of Kosovo (CBK). During 2012, the number of policies sold by insurance companies was 757.2 thousand, representing an annual increase of 25%.
14 February 2013
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