According to the Central Bank of the Republic of Kosovo, the local market grew by 14.63% y-o-y, to GWP worth EUR 167.9 million. At the same time, paid claims reached EUR 76.60 million, which is 8.44% higher than in 2023.

Life insurance remained in an early stage of development, with GWP worth EUR 7.6 million, 15.15% more y-o-y.

The non-life insurance business accounted for 95.5% of total insurance premiums, reaching EUR 160.3 million, 14.6% up y-o-y. More than half of the non-life GWP (55.4%) was provided by the MTPL insurance segment (EUR 88.93 million). On the claims side, out of the total claims paid by Kosovar insurers for the non-life segment, of EUR 76.6 million, MTPL claims account for 60% (EUR 41.16 million

During the year, the aggregate net profit of local insurers increased y-o-y by about 20% amounting to EUR 12.9 million at the end of December 2024, according to data published by the Central Bank.

Access xprimm.com and download the latest Kosovo insurance market statistics.