STATISTICS: Kosovo insurers reported YE 2020 net profit of EUR 4.1 million

18 February 2021 — Andrei Victor
Kosovo active 13 insurers reported aggregate net profit of EUR 4.1 millon at the end of 2020, as compared with a market net loss of EUR -2.8 million at December 31st, 2019, according to data provided by the Central Bank (CBK).

At the same time, the total assets held by Kosovo insurance companies increased to EUR 220.5 million, from EUR 193.9 million a year earlier.

In terms of premiums, the insurance market of Kosovo remained at the 2019 level, totalling EUR 101.52, 0.02% more y-o-y. At the "claims chapter", the aggregate value paid by insurers decreased by EUR 4 million to EUR 51.5 million.

Life insurance GWP increased by 2.9% y-o-y to EUR 3.6 million, according to the "Financial System - Monthly Information" released on CBK website.

Non-life GWP decreased by 0.08% y-o-y to EUR 97.9 million, of which EUR 57.6 million related to Domestic MTPL, EUR 4 million - Border policies and EUR 36.3 million - other voluntary classes, according to "The Insurance Companies Activity" published by CBK.

Access and download the latest Kosovo insurance market statistics.

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