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

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