STATISTICS: Kosovo insurers ended 2021 with double digit increases in GWP and claims

3 March 2022 — Andrei Victor
Kosovo insurers posted double digit increase in 2021 business, as official yea-end figures published on the website of the Central Bank showed. Overall, the aggregate value of GWP increased to EUR 119.23 million, up by 17.44% y-o-y from EUR 101.52 million at the end of December 2020.

At the same time, total gross claims paid increased by 18.45% y-o-y to EUR 61.00 million, due to larges increases reported in Border Policies (+107.26%).

Gross written premiums from non-life insurance totaled EUR 114.33 million, up from 97.92 million, according to "Insurance Companies Activity" published by CBK, while life insurance premiums increased to EUR 4.9 million from EUR 3.6 million, according to "Financial System - Monthly Information" released by the market authority.

During the analyzed period, the local non-life insurers issued a total of 1.15 million policies (vs. 824 k in 2020), of which Domestic MTPL - 485 k (vs. 413 k in 2020), Border policies - 447 k (vs. 217 k) and other non-life policies - 214 k (vs. 195 k).

The figures comprise data for 13 insurance companies operating in Kosovo, 11 - non-life insurers and two life companies.

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

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