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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1H2017 Market Portfolio

1Q2017 Market Portfolio

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%.

KOSOVO: UNIQA's Q1 pre-tax earnings fall

Austrian insurance group UNIQA said on Friday its earnings before taxes from operations in Kosovo fell to 100,000 euro in the first three months of 2015 from 400,000 euro a year earlier.

STATISTICS: KOSOVO, 3Q2014: Voluntary insurances gaining ground

The Kosovo insurance sector reported a slight y-o-y increase in GWP, of 1.65%, to EUR 61.2 million in the first nine months of 2014, as the Central Bank data showed (Note: The figures presented by CBK include only the insurers' activity on non-life segment). MTPL premiums accounted for more than a half of total GWP, while the share of Border policies premiums was close to 20%. Other types of voluntary insurance accounted for ~28% of total market.

Kosovo insurance market seen diminishing 5% in 2013

In 2013, the Kosovo's' insurance market was characterized by a 5% decrease in GWP, a 26% increase in claims paid by the insurers and a 21% increase in the total number of policies sold by the companies, according to the full year preliminary results published by the local market authority - Central Bank of Kosovo (CBK).