STATISTICS: 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%.

In the analyzed period, 68% of the GWP portfolio consisted in Motor TPL insurance, out of which about 55% (EUR 21.4 million) was related to Domestic MTPL sub-class, while border policies generated GWP of about EUR 5.2 million (more than 13% of the total GWP).

According to the "Insurance Companies Survey" published by CBK, at the end of June 2015, total insurance technical reserves of the industry reached EUR 85.7 million or 13.3% more y-o-y. At the same time, the local insurance industry ended the year "in red", reporting a loss of EUR 2.55 million. A year before, the Kosovo insurance market reported a profit of EUR 112.868, while on December 31st 2014, the same indicator was also negative: EUR -318,755.

Access www.xprimm.com and download the 1H2015 Kosovo insurance market statistics.

More about the Kosovo's insurance market evolution in 1H2015 will be available in the forthcoming issue of XPRIMM Insurance Report 1H2015, to be released on October, 18th, on the occasion of the Baden-Baden XPRIMM Reception (Kurhaus Casino, Runder Saal, 18:30 - 20:30 hours).

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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