STATISTICS: Kosovo H1 insurers' profits more than doubled to almost EUR 6 million

18 September 2023 — Andrei VICTOR
STATISTICS: Kosovo H1 insurers' profits more than doubled to almost EUR 6 million

Kosovo's active 12 insurers reported an aggregate net profit of EUR 5.9 million at the end of June 2023 vs. EUR 2.5 million a year before, according to data provided by the Central Bank (CBK). At the same time, the total insurers' assets increased to EUR 294.2 million, from EUR 253.6 million a year earlier.

In terms of GWP, the local insurance market totaled EUR 70.2 million in H1 2023 vs. EUR 61.5 million during January-June 2022, of which life insurance EUR 3.6 million (according to the "Financial System - Monthly Information" released on CBK website), while non-life segment GWP increased by almost 15% y-o-y to EUR 66.6 million - according to "The Insurance Companies Activity" published by CBK.

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

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