STATISTICS: Kosovo insurers YE2022 net profits decreased to EUR 3.5 million

15 March 2023 —
STATISTICS: Kosovo insurers YE2022 net profits decreased to EUR 3.5 million
The GWP of Kosovo insurers increased by 14.14% y-o-y to EUR 134.00 million during January-December 2022 while total gross claims paid increased by 5.41% y-o-y to EUR 64.30 million, as official monthly figures published on the website of the Central Bank showed.

Gross written premiums from non-life insurance totaled EUR 127.72 million, up from EUR 114.33 million during 2021, according to "Insurance Companies Activity" published by CBK, while life insurance premiums increased to EUR 6.40 million from EUR 4.90 million, according to "Financial System - Monthly Information" released by the market authority.

The aggregate net profit of local insurers amounted EUR 3.5 million at the end of December 2022, down by EUR 5.2 million from EUR 8.7 million a year earlier, according to data published by the Central Bank.

At the same time, the assets held by Kosovo insurance companies increased to EUR 267.5 million as of December 31st, 2022, from EUR 238.9 million a year earlier.

The figures comprise data for 12 insurance companies operating in Kosovo, 10 - non-life insurers and two life companies.

Access XPRIMM Database and download the latest Kosovo insurance market statistics.

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