Kosovo
STATISTICS: KOSOVO, FY2019: insurers reported annual loss of EUR 2.8 million
The insurance market of Kosovo totaled EUR 101.5 million at the end of 2019, 8.5% more y-o-y, according to data provided by the Central Bank (CBK).
20 February 2020KOSOVO: CBK limits non-life insurers expenses to 24% of GWP
In order to improve the financial strength of local insurers, Central Bank of Kosovo (CBK) introduced at the beginning of February 2020 a set of rules that will limit the overall commissions and operational costs of non-life insurers to a maximum amount of 24% of all non-life gross written premiums volume.
11 February 2020KOSOVO: CBK allows insurers to adjust MTPL tariffs to inflation
Central Bank of the Republic of Kosovo (CBK), based on the International Monetary Fund review over the stability of financial sector of Kosovo, initiated the evaluation process over risk premiums on MTPL business line.
29 November 2019KOSOVO insurers ended Q3 on loss
Kosovo's insurance companies posted a net loss of EUR -0.8 million at the end of September 2019, compared to a net profit of 2.1 million euro a year earlier, according to the "Monthly Information Report of the Financial System" published by the Central Bank.
18 November 2019STATISTICS: KOSOVO: the number of sold policies expanded by more than 10% y-o-y during 3Q
The insurance market of Kosovo increased by 7.66% y-o-y during 3Q, to EUR 73.3 million, according to data published by the Central Bank - CBK. The aggregate value of paid claims was up by 8.52% y-o-y, to EUR 33.93 million, of which EUR 21.12 million related to Domestic MTPL policies.
7 November 2019KOSOVO: Insurers exempted from taxation on collected premiums
Insurance companies from Kosovo were exempted from paying the tax of 5% on turnover, including the 1% share that was redirected to the Red Cross of Kosovo.
5 September 2019STATISTICS: KOSOVO, 1H2019: Market profitability affected by the claims reserves increase
By the end of the first half of 2019, Kosovan insurance companies have written EUR 48.4 million in GWP, 7.8% more than the level recorded in the first half of the prior year (1H2018: EUR 45 million).
29 August 2019Albanian insurance companies in Kosovo head bankruptcy
9 June 2019STATISTICS: Kosovo insurers' Q1 net profit decreased by75% EUR 100 thousand
The net profit of Kosovo insurers decreased to EUR 100,000 at the end of March 2019, from EUR 400,000 a year earlier, as the figures published by CBK showed.
16 May 2019KOSOVO: CBK revokes the licence of INSIG
Central Bank of the Republic of Kosovo revokes the licens of the local unit of the Insurance Company INSIG, as the market authority informed on its website.
2 May 2019STATISTICS: KOSOVO, 2008-2017: From MTPL exclusive to a more diverse market
Between 2008-2017, Kosovo non-life insurance market increased by EUR 28.5 million (+50.6%) in terms of GWP. Paid claims volume rose as well, with Kosovo recording an increase in claims by EUR 24.5 million (+138.4%).
4 April 2019STATISTICS: KOSOVO, FY2018: Insurers' net profit more than halves in 2018
The insurance market of Kosovo totaled EUR 93.5 million at the end of 2018, 7% more y-o-y, according to data provided by the Central Bank (CBK).
12 February 2019VIG's 9-mo pre-tax profit in Albania, Kosovo rises
2 December 2018STATISTICS: KOSOVO 3Q2018: Insurers' net profit decreased by more than one third
The insurance market of Kosovo totaled EUR 2.1 million at the end of September 2018, 34% less y-o-y (vs. EUR 3.2 million), data provided by the Central Bank (CBK) showed.
8 November 2018Kosovo posts strong annual economic growth of 4.7% in 2Q18
3 October 2018STATISTICS: Kosovo, 1H2018: insurers' net profit declined by 62% y-o-y, despite the GWP increase
Kosovo insurers posted an aggregate net profit of EUR 0.8 million in1H 2018, down from EUR 2.1 million a year earlier, according to the Financial System Monthly Report published by the local Central Bank.
23 August 2018STATISTICS: KOSOVO 1Q2018: Insurers' net profit more than halved
The insurance market of Kosovo totaled EUR 21.4 million at the end of March 2018, 10.5% more y-o-y, data provided by the Central Bank (CBK) showed.
31 May 2018STATISTICS: KOSOVO, FY2017: insurers' bottom result returned in the positive area
Kosovo insruance market totaled about EUR 87.4 million at the end of December 2017, 4.3% more y-o-y, data provided by the Central Bank (CBK) showed. Total gross claims paid increased by 19.7% y-o-y to EUR 46 million.
21 February 2018KOSOVO insurers swing to 3.2 mln euro net profit in Sept
Kosovo's insurance companies turned to a net profit of 3.2 million euro ($3.7 million) in September 2017, from a net loss of 12.1 million euro in the same month a year earlier, central bank figures showed.
6 November 2017STATISTICS: KOSOVO insurers have sold 100,000 more policies y-o-y during January-September 2017
The insurance market of Kosovo increased by 2.5% y-o-y during the first nine months of the year to EUR 64.5 million, as the Central Bank - CBK market figures showed.
2 November 2017
