SIGAL UNIQA, SIGMA VIG and ILLYRIA are, in terms of FY2020 GWP, the largest insurance companies that are active on Kosovo insurance market, according to the market shares presented by Slovene re/insurer SAVA Re in its 2020 Annual Report.

Thus, according to the mentioned source, the insurer owned by Austrian UNIQA accounted for 13.1% market share (the equivalent of EUR 13.3 million), followed by the local subsidiary of Vienna Insurance Group with 12.4% (EUR 12.6 million) and the local non-life unit of SAVA RE - ILLYRIA with 12.2% (EUR 12.4%). Top 5 is completed by EUROSIG (11.9%) and SCARDIAN (10.9%).

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Kosovo active 13 insurers reported aggregate net profit of EUR 4.1 million at the end of 2020, as compared with a market net loss of EUR -2.8 million at December 31st, 2019, according to data provided by the Central Bank (CBK). In terms of premiums, the insurance market of Kosovo remained at the 2019 level, totaling EUR 101.52, 0.02% more y-o-y. At the "claims chapter", the aggregate value paid by insurers decreased by EUR 4 million to EUR 51.5 million. (Click here to read more).