Kosovo Territory


Location map
author: CIA

- Southeast Europe;
- Neighbours: Macedonia, Albania, Montenegro, Serbia.

- 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.

Macro indicators (* 2018 estimates)
GDP*:-EUR billion

European Union:
Potential candidate

Currency: Euro
Code: EUR
- unilaterally adopted EUR currency




Kosovo 1Q2019 Market Portfolio

Kosovo 2008 - 2017 Timeline

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Latest news

KOSOVO, 1Q2014: Market rates influenced by the number of MTPL insured

For the January-March 2014 period, the Central Bank of Kosovo - CBK reported a 5.9% decrease of the insurance market to EUR 18 million, due the 21% decrease of MTPL insurance sector. Claims paid by insurers totaled EUR 7.6 million at the end of March 2014, or 42% less compared to 1Q2013.

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).

KOSOVO, 3Q2013: Lower premiums and a loss of almost EUR 100.000

According to data published by the Central Bank of the Republic of Kosovo (CBK), the insurance market reported a negative result in 3Q2013. Gross written premiums totaled EUR 60.2 million, or 5% less as compared to the January-September 2012 period. At the same time, the paid claims of insurers increased by 37% to EUR 29.5 million.

KOSOVO 1H2013: 16% growth in GWP, 50% increase in claims

During the period January-June 2013, Kosovo insurance market has continued with an increase. The volume of gross written premium for the above mentioned period has arrived in amount of EUR 40.3 million or 16% more comparing with the same period of previous year.

Border agreement adds to KOSOVO coffers

As a result of the EU-mediated Integrated Border Management agreement reached with Serbia, Kosovo has increased its customs revenues, which should begin to make up for losses that been taking place since 2003.

KOSOVO, FY2012: CBK reported a 4.4% y-o-y increase in GWP to EUR 81.5 million

At the end of 2012 Kosovo's insurers posted total gross written premiums of EUR 81.5 million, up 4.4% y-o-y, according to the financial figures published by the Central Bank of the Republic of Kosovo (CBK). During 2012, the number of policies sold by insurance companies was 757.2 thousand, representing an annual increase of 25%.

KOSOVAR insurers reported profit of EUR 2.5 million at the end of September

Total gross written premiums of the Kosovo insurance industry in the first nine months of 2012 amounted to EUR 63.34 billion, representing an increase of 7.86% over the corresponding period in 2011, while the value of paid claims totaled EUR 21.6 million, or 9.5% more y-o-y, as the Central Bank of Kosovo (CBK) informed. These values were generated by 13 insurers who sold over 578 thousand policies in the analyzed period.

KOSOVO TERRITORY: Central Bank has penalized all the insurance companies

No insurance company in Kosovo operates according to the laws in place. Most of them do not reimburse their clients, the quality of their services is not quality oriented, they have staff problems, they have problems with their local operators and plenty of cases of corruption. The irregularities identified by the inspectorate, made the Central Bank to penalize all the companies.

KOSOVO insurers 1H total premiums rise 4%

The total premiums collected by the insurance companies operating in Kosovo territory rose 4% in 1H2012, to EUR 39.58 million, Central Bank data showed. This value was generated by the over 304 thousand policies sold in the analyzed period, 60 thousand more compared to January-June 2011. At the same time, the value of paid claims of insurers amounted to EUR 13.92 million.

KOSOVO, 1Q2012: GWP rose 2.9%

In January-March 2012, the gross written premiums of insurance companies in Kosovo increased by 2.9%, reaching EUR 18 million, compared with total underwritings in the correspondent period of 2011. This value was generated by the over 130 thousand policies sold in the analyzed period (about 104 thousand in 1Q2011).

KOSOVO, FY2011: Insurance market maintains the ascending path

According to data published by the Central Bank of the Republic of Kosovo, insurance market continued to grow in 2011, up to EUR 78.1 million in gross written premiums. As compared to the 2010 result, the figure shows a 9.7% increase, most of it generated by the over 605 thousand policies sold in the analyzed period, almost 65 thousand more than in 2010.

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.

KOSOVO TERRITORY: No vehicle insurance in northern Kosovo

Kosovo Interior Minister Bajram Redzepi stated on Sunday that authorities will start charging vehicle insurance for cars coming to Kosovo from central Serbia as of Monday, but that this measure will not gain ground in the north immediately.