STATISTICS: SIGAL UNIQA, ILLYRIA and SCARDIAN were the biggest insurers in Kosovo in 2021

27 April 2022 — Andrei Victor
SIGAL UNIQA, ILLYRIA and SCARDIAN are, in terms of FY2021 GWP, the largest insurance companies that are active on Kosovo insurance market, according to the market shares presented by Slovene re/insurer SAVA Re in its 2021 Annual Report.

Thus, according to the mentioned source, the insurer owned by Austrian UNIQA accounted for 12% market share (the equivalent of EUR 14.1 million), followed by the local non-life subsidiary of SAVA Re with 11.6% (EUR 13.6 million) and SCARDIAN with EUR 12.7 million (EUR 10.8%). Top 5 is completed by SIGMA Vienna Insurance Group (10.1%) and ELSIG (9.8%).

Access and download the latest Kosovo insurance market statistics.

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

Share |