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

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Kosovo 1H2020 Market Portfolio

tari standard

Kosovo 1Q2020 Market Portfolio


See all statistics

Latest news

KOSOVAR insurers reported profit of EUR 2.5 million at the end of September

Total gross written premiums of the Kosovo insurance industry in the first nine months of 2012 amounted to EUR 63.34 billion, representing an increase of 7.86% over the corresponding period in 2011, while the value of paid claims totaled EUR 21.6 million, or 9.5% more y-o-y, as the Central Bank of Kosovo (CBK) informed. These values were generated by 13 insurers who sold over 578 thousand policies in the analyzed period.



KOSOVO TERRITORY: Central Bank has penalized all the insurance companies

No insurance company in Kosovo operates according to the laws in place. Most of them do not reimburse their clients, the quality of their services is not quality oriented, they have staff problems, they have problems with their local operators and plenty of cases of corruption. The irregularities identified by the inspectorate, made the Central Bank to penalize all the companies.

KOSOVO insurers 1H total premiums rise 4%

The total premiums collected by the insurance companies operating in Kosovo territory rose 4% in 1H2012, to EUR 39.58 million, Central Bank data showed. This value was generated by the over 304 thousand policies sold in the analyzed period, 60 thousand more compared to January-June 2011. At the same time, the value of paid claims of insurers amounted to EUR 13.92 million.

KOSOVO, 1Q2012: GWP rose 2.9%

In January-March 2012, the gross written premiums of insurance companies in Kosovo increased by 2.9%, reaching EUR 18 million, compared with total underwritings in the correspondent period of 2011. This value was generated by the over 130 thousand policies sold in the analyzed period (about 104 thousand in 1Q2011).


KOSOVO, FY2011: Insurance market maintains the ascending path

According to data published by the Central Bank of the Republic of Kosovo, insurance market continued to grow in 2011, up to EUR 78.1 million in gross written premiums. As compared to the 2010 result, the figure shows a 9.7% increase, most of it generated by the over 605 thousand policies sold in the analyzed period, almost 65 thousand more than in 2010.

KOSOVO: Market ends 3Q2011 with an increase of 7%

First nine months of 2011 represented, for insurance companies operating in Kosovo, a volume of gross written premiums of EUR 58.7 million, recording, compared to 2010, an increasing evolution of 7%. This value was generated by the over 465 thousand policies sold in the analyzed period. The characteristic of young market is strongly supported by the practiced insurance lines, 60% of the local market portfolio is attributed to MTPL insurance. Paid claims of insurers amounted to EUR 19.7 million.



KOSOVO TERRITORY: No vehicle insurance in northern Kosovo

Kosovo Interior Minister Bajram Redzepi stated on Sunday that authorities will start charging vehicle insurance for cars coming to Kosovo from central Serbia as of Monday, but that this measure will not gain ground in the north immediately.


VIDEO: Kosovo's insurance market is heading towards EUR 90 million

The Kosovo market is reduced as volume, but it is constantly expanding, registering underwritings of about EUR 60 million. "We expect that over the coming years it will reach EUR 90 million, because we expect many investors to take over the former state-owned factories. The privatization process is coming to an end, and the insurance sector will grow with it", stated Visar RRUSTEMI, General Director, KOSOVA E Re, in an interview for XPRIMM.TV, during the Annual Meeting of Reinsurers in Monte Carlo.

SAVA Re buys remaining stake in Kosovo insurance

Reinsurance company SAVA Re signed a deal on the purchase of 49 percent stake in Kosovo property insurance DUKAGJINI, in which it already controls a majority ownership stake. Fixed part of the price for the purchase of this stake, in the amount of EUR 8.5 million, will be paid at the beginning of 2011.