STATISTICS: Kosovo insurers Q1 profit increased to EUR 2.3 million

31 May 2023 —
STATISTICS: Kosovo insurers Q1 profit increased to EUR 2.3 million
The insurance market of Kosovo totaled EUR 34.2 million at the end of Q1 2023, 14.8% more y-o-y, according to data provided by the Central Bank (CBK).

Life insurance GWP totaled EUR 1.8 million, according to the "Financial System - Monthly Information" released on CBK website. At the same time, non-life GWP increased by 16.2% y-o-y to EUR 32.4 million, of which EUR 16.2 million related to Domestic MTPL, EUR 1.1 million - Border policies and EUR 15.1 million - other voluntary classes, according to "The Insurance Companies Activity" published by CBK.

The figures reveal that the quarterly aggregate market result was positive, the 12 local insurers (of which seven are foreign owned) reporting a net profit of EUR 2.3 million, from a net profit of EUR 0.4 million at the end of March 2022. At the same time, the total assets held by Kosovo insurance companies increased to EUR 289.9 million at the end of Q1 2023, from EUR 249.0 million a year earlier.

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

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