During the first six months of the current year, due the volume of gross written premiums criteria, the insurance sector in Kosovo reported a slight decrease of 0.5% y-o-y to EUR 39.2 million, the Central Bank data showed.

MTPL premiums accounted for 56.4% of total GWP compared to 62.5% in 1H2013, while the share of Border policies premiums increased to almost 13%. Claims paid by insurance companies for this period decreased significantly by almost 25% y-o-y. The gross value of total claims paid by insurers until 30th June 2013 amounted to EUR 15.9 million compared with EUR 21.1 million in the previous year.

The total number of policies sold by insurance companies amounted to 428.4 thousand compared to 435.7 thousand policies in the same period of the previous year. Of total, 168.4 thousand were MTPL policies (172.0 thousand in June 2013), 170.4 thousand - Border policies (vs. 183.7 thousand) and 89.4 thousand other types of voluntary policies (vs. 80.0 thousand).

Note: The figures presented by CBK include only the insurers' activity on non-life segment.

Access www.xprimm.com and download the 1H2014 Kosovo insurance market statistics.