STATISTICS: Kosovo, 1H2018: insurers' net profit declined by 62% y-o-y, despite the GWP increase

Kosovo insurers posted an aggregate net profit of EUR 0.8 million in1H 2018, down from EUR 2.1 million a year earlier, according to the Financial System Monthly Report published by the local Central Bank.

The assets held by the 15 Kosovo insurance companies increased to EUR 174.7 million as at end of June 2018, from EUR 169.9 million a year earlier.

At the same time, Kosovo insurers' gross written premiums increased to ~ EUR 45 million, non-life GWP totaled EUR 43.5 million, up by 5.9% y-o-y - according to the "Insurance Companies Activity" report published by CBK, while life insurance premiums increased to EUR 1.5 million euro from EUR 1.3 million euro - according to the "Financial System - Monthly Information" bulletin provided by the same source.

Total gross claims paid slightly decreased to EUR 22.3 million from EUR 22.6 million euro at the end of June 2017.

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