STATISTICS: KOSOVO: MTPL claims expenses growing much faster than GWP

According to the first data published by the Central Bank of the Republic of Kosovo, the local insurance market ended 2015 with GWP of EUR 78.77 million, 1.64% down y-o-y. Paid claims amounted to EUR 36.97 million, 18.6 more than in 2014.

The MTPL segment maintained its dominant position in the market portfolio, although its share in the premiums portfolio decreased by about 3.5 pp, to 67.7%, following the downward trend recorded in underwriting for this segment.

In fact, a strong negative trend was witnessed on the Border policies class, for which GWP fell by 30.3%, to EUR 10.17 million. At the same time, GWP for MTPL went up by almost 2%. However, it is worth noting that for this class the paid claims volume increased at a much higher pace, of 19.5%.

Access www.xprimm.com and download the FY2015 Kosovo insurance market statistics.

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