Kosovo
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KOSOVO insurers swing to 3.2 mln euro net profit in Sept
Kosovo's insurance companies turned to a net profit of 3.2 million euro ($3.7 million) in September 2017, from a net loss of 12.1 million euro in the same month a year earlier, central bank figures showed.
6 November 2017STATISTICS: KOSOVO insurers have sold 100,000 more policies y-o-y during January-September 2017
The insurance market of Kosovo increased by 2.5% y-o-y during the first nine months of the year to EUR 64.5 million, as the Central Bank - CBK market figures showed.
2 November 2017STATISTICS: KOSOVO insurers reported a 20% y-o-y growth rate in 1H paid claims
The Kosovo insurers' GWP increased by 2.74% y-o-y, to EUR 41.05 million in the first half of 2017, as shown by the Central Bank's data.
10 August 2017KOSOVO: Net profit of insurance companies flattish in Jan-April
Kosovo's insurance companies posted a combined net profit of 900,000 euro ($1 million) in the first four months of 2017, flattish compared to the profit recorded a year earlier, figures from the central bank showed.
8 June 2017STATISTICS: KOSOVO insurers reported 1.5% y-o-y growth rate in Q1 GWP
By the end of March 2017, the Kosovo insurance market totaled EUR 18.8 million - 1.5% more y-o-y, as the market figures published by the Central Bank of Kosovo - CBK indicate.
31 May 2017KOSOVO: Insurance has increased by 6.1 percent
According to CBK's report, in 2016, the value of premiums written by insurance companies amounted to euro 83.5 million, which represents an annual increase of 4.4 percent.
18 May 2017KOSOVO insurers' net profit declines 15.4% y/y in Q1
Kosovo's insurance companies posted a combined net profit of 1.1 million euro ($1.2 million) in the first quarter of the year, compared to a net profit of 1.3 million euro in the like period of 2016, according to data from the country's central bank.
3 May 2017KOSOVO insurers' net loss triples in 2016
Kosovo's insurance companies posted a combined net loss of 23.9 million euro ($25.4 million), more than three times higher than their aggregate net loss of 7.7 million euro in 2015, data from the country's central bank shows.
15 March 2017STATISTICS: KOSOVO: +3% in FY2016 GWP, supported by the double-digit growth rate in voluntary classes
Last year, the Kosovo insurance market totaled EUR 81.2 million, or 3.1% more y-o-y, according to the figures published by the Central Bank of the Republic of Kosovo (CBK). At the same time, the volume of paid claims by local insurers remained about at the 2015 level: EUR 39 million.
9 February 2017STATISTICS: KOSOVO insurers' Jan-Sept GWP rises 3% y-o-y
In 3Q 2016 the Kosovo insurers reported a 3% y-o-y increase in GWP to EUR 62.9 million, as the Central Bank - CBK data showed. MTPL premiums accounted for about 65% of total GWP, of which a share of 56% - third party liability policies, while the share of Border policies was close to 9%. Other types of voluntary segments accounted for ~35% of total market.
3 November 2016Kosovo - Serbia reach reciprocal "sticker agreement" for car plates
An agreement signed on September 14 will eliminate the need for drivers
of Kosovo-registered cars to purchase temporary "proba" plates when
traveling in Serbia. "After three years of the proba plates, I
told our international partners, 'It's time for reciprocity'," Edita
Tahiri, Kosovo Minister for Dialogue, said for PI.
27 September 2016KOSOVO's insurers 7-mo net loss more than quadruples
Kosovo's insurance companies posted a combined net loss of 11.5 million euro for the first seven months of the year, compared to a net loss of 2.5 million euro in the same period last year, data from the country's central bank indicated.
7 September 2016STATISTICS: KOSOVO, 1H2016: Insurers posted GWP of EUR 40 million in 1H2016
The Kosovo insurers' GWP increased by 1.68% y-o-y to EUR 39.96 million in the first half of 2016, as shown by the Central Bank's data. Gross written premiums from Motor TPL insurance increased by 5.28% to EUR 22.57 million, generating about 56.48% of total GWP. The total gross claims paid were down by more than 8% to EUR 17.81 million.
18 August 2016KOSOVO insurers total net loss deepens sharply in H1
Kosovo's insurance companies posted a combined net loss of 11 million euro for the first half of the year, as compared to a net loss 2.5 million euro net loss a year ago, data from the country's central bank indicated.
17 August 2016STATISTICS: KOSOVO, 1Q2016: Voluntary policies drove the market growth
At the end of March 2016, the Kosovo insurance market totaled EUR 18.50 million - 2.56% more y-o-y, according to the market statistics published by the Central Bank of Kosovo - CBK. During the reported period, claims paid by insurers totaled EUR 8.20 million, down by 8.71%.
5 May 2016STATISTICS: KOSOVO: MTPL claims expenses growing much faster than GWP
According to the first data published by the Central Bank of the Republic of Kosovo, the local insurance market ended 2015 with GWP of EUR 78.77 million, 1.64% down y-o-y. Paid claims amounted to EUR 36.97 million, 18.6 more than in 2014.
28 January 2016Pacolli elected as head of Administrative Council of KOSOVO Insurance Bureau
Rrahim Pacolli has been elected as head of Administrative Council of Kosovo Insurance Bureau on Tuesday.
9 December 2015Austrian bank in KOSOVO punished for cheating clients
Kosovo's Central Bank has ordered the local Raiffeisen Bank to pay a 1 Euro million penalty for cheating its clients over an insurance product.
26 November 2015STATISTICS: KOSOVO 3Q insurance market down by 0.3% y-o-y
In 3Q 2015 the Kosovo insurers reported a slight y-o-y decrease in GWP,
of 0.27%, to EUR 61.03 million, as the Central Bank data showed (Note: The figures presented by CBK include only the insurers' activity on non-life segment). Claims paid by local insurers for this period increased significantly by 17.54% y-o-y to EUR 23.07 million.
12 November 2015KOSOVO Insurance Bureau official "freezes wrong agreement"
Speaking on Wednesday, the Kosovo minister in charge of the
Belgrade-Pristina dialogue explained that this agreement, reached on
June 23, "has nothing to do with those on temporary license plates and
freedom of movement."
14 September 2015
