KOSOVO: Market ends 3Q2011 with an increase of 7%

First nine months of 2011 represented, for insurance companies operating in Kosovo, a volume of gross written premiums of EUR 58.7 million, recording, compared to 2010, an increasing evolution of 7%. This value was generated by the over 465 thousand policies sold in the analyzed period. The characteristic of young market is strongly supported by the practiced insurance lines, 60% of the local market portfolio is attributed to MTPL insurance. Paid claims of insurers amounted to EUR 19.7 million.

Ten insurance companies now operate on the non-life insurance market in Kosovo, which has been independent since 2000, some of them members of well-known European insurance entities like VIENNA Insurance Group, UNIQA, GRAWE, CROATIA Osiguranje or SAVA Re. At the same time, private life insurance has only been available since 2008 and only one life insurer acting on the Kosovo's life insurance market.

Access www.xprimm.com and download the Kosovo insurance market statistics.

Market portfolio:
  • Gross written premiums
  • Paid claims
  • Growth rates
  • Number of policies

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

STATISTICS: Kosovo: 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).

Non-life GWP increased by 6.5% y-o-y to EUR 90.5 million, of which EUR 48.6 million related to Domestic MTPL, EUR 7.5 million - Border policies and EUR 34.4 million - other voluntary classes, according to "The Insurance Companies Activity" published by CBK.

2019-02-12

STATISTICS: KOSOVO insurers' Jan-Sept GWP rises 3% y-o-y

In 3Q 2016 the Kosovo insurers reported a 3% y-o-y increase in GWP to EUR 62.9 million, as the Central Bank - CBK data showed. MTPL premiums accounted for about 65% of total GWP, of which a share of 56% - third party liability policies, while the share of Border policies was close to 9%. Other types of voluntary segments accounted for ~35% of total market.

2016-11-03

ON THE MOVE

GENERALI Group results for year 2018

In 2018, GENERALI Group operating result reached EUR 4,857 million (+3.0%), with a net profit of EUR 2,309 mil. (+9.4%). The total gross written premiums (GWP) of the Group amounted EUR 66,691 mil. (+4.9%).

14.03.2019

MetLife announced leadership changes as part of CEO transition

MetLife announced a series of changes to its senior leadership ranks in connection with its CEO transition, all of which are effective May 1, 2019. In January 2019, the BoD announced that Michel KHALAF, President, U.S. Business and EMEA, will become MetLife's President, CEO and Member of the Board effective May 1, replacing Steven KANDARIAN, who is retiring.

14.03.2019

HANNOVER RE launches an insurtech innovation platform

Germany-based Hannover Re launched a platform designed to bring the insurance companies and insurtech innovators closer. Through the "hr | equarium" platform, Hannover Re wants to facilitate the connection between supply and the demand for insurtech solutions, taking advantage of its worldwide spread.

14.03.2019

TOP EVENT

Conclusions: TBILISI - the first Georgian International Insurance Conference

Today takes place in Tbilisi the first Georgian International Insurance Conference, an event that will put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system is the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.

14.03.2019

Motor insurance - becoming more financially efficient and consumer friendly

Under the strong pressure put by the technological evolution, the motor insurance business is rapidly changing, both in operational terms and, most visible, in the way insurers are interacting with their customers. Step by step, the insurers' relationship with customers evolves from simply indemnifying insureds for the losses suffered because of road incidents, to helping them prevent incidents and rapidly recover after the accidents that couldn't be avoided.

27.02.2019

See all