Kosovo Territory

Location:
Southeast Europe, between Serbia and Macedonia

Climate:
influenced by continental air masses resulting in relatively cold winters with heavy snowfall and hot, dry summers and autumns; Mediterranean and alpine influences create regional variation; maximum rainfall between October and December

Currency: EURO


Sources:

Insurance Association of Kosovo
Central Bank of the Republic Kosovo


Insurance statistics

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1H2014Insurance market overview pdf
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2010
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1Q2017 Market Portfolio

FY2016 Market Portfolio

KOSOVO insurers total net loss deepens sharply in H1

Kosovo's insurance companies posted a combined net loss of 11 million euro for the first half of the year, as compared to a net loss 2.5 million euro net loss a year ago, data from the country's central bank indicated.

STATISTICS: KOSOVO 3Q insurance market down by 0.3% y-o-y

In 3Q 2015 the Kosovo insurers reported a slight y-o-y decrease in GWP, of 0.27%, to EUR 61.03 million, as the Central Bank data showed (Note: The figures presented by CBK include only the insurers' activity on non-life segment). Claims paid by local insurers for this period increased significantly by 17.54% y-o-y to EUR 23.07 million.

KOSOVO Insurance Bureau official "freezes wrong agreement"

Speaking on Wednesday, the Kosovo minister in charge of the Belgrade-Pristina dialogue explained that this agreement, reached on June 23, "has nothing to do with those on temporary license plates and freedom of movement."

KOSOVO decides to freeze the agreement on insurance policies with Serbia

The head of the technical delegation on issues concerning border insurance, Rrahim Pacolli, has decided to freeze as of this midnight the agreement for the mutual recognition of border insurance policies between Kosovo and Serbia. Pacolli took this decision based on article 9 of the statute of the Kosovo Insurance Bureau, stressing that the agreement reached on June 23 in Brussels is not being implemented in a mutual way by the Serb side.

STATISTICS: KOSOVO insurers reported a loss of EUR 2.5 million at the end of June

During the January-June 2015 period, the Kosovo insurance market maintained similar results to those reported for the 1H2014 period - GWP of EUR 39.3 million, while the value of paid claims increased by 22% y-o-y to EUR 19.4 million, according to financial figures published by the Central Bank of the Republic of Kosovo (CBK). During 1H2015, the number of policies sold by insurance companies was 447.9 thousand, representing an annual increase of 4.5%.