Life insurance GWP totaled EUR 1.8 million, according to the "Financial System - Monthly Information" released on CBK website. At the same time, non-life GWP increased by 16.2% y-o-y to EUR 32.4 million, of which EUR 16.2 million related to Domestic MTPL, EUR 1.1 million - Border policies and EUR 15.1 million - other voluntary classes, according to "The Insurance Companies Activity" published by CBK.
The figures reveal that the quarterly aggregate market result was positive, the 12 local insurers (of which seven are foreign owned) reporting a net profit of EUR 2.3 million, from a net profit of EUR 0.4 million at the end of March 2022. At the same time, the total assets held by Kosovo insurance companies increased to EUR 289.9 million at the end of Q1 2023, from EUR 249.0 million a year earlier.
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