STATISTICS: KOSOVO, FY2018: 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.
STATISTICS: KOSOVO 3Q2018: Insurers' net profit decreased by more than one third
The insurance market of Kosovo totaled EUR 2.1 million at the end of September 2018, 34% less y-o-y (vs. EUR 3.2 million), data provided by the Central Bank (CBK) showed.
STATISTICS: Kosovo, 1H2018: insurers' net profit declined by 62% y-o-y, despite the GWP increase
Kosovo insurers posted an aggregate net profit of EUR 0.8 million in1H 2018, down from EUR 2.1 million a year earlier, according to the Financial System Monthly Report published by the local Central Bank.
STATISTICS: KOSOVO 1Q2018: Insurers' net profit more than halved
The insurance market of Kosovo totaled EUR 21.4 million at the end of March 2018, 10.5% more y-o-y, data provided by the Central Bank (CBK) showed.
STATISTICS: KOSOVO, FY2017: insurers' bottom result returned in the positive area
Kosovo insruance market totaled about EUR 87.4 million at the end of December 2017, 4.3% more y-o-y, data provided by the Central Bank (CBK) showed. Total gross claims paid increased by 19.7% y-o-y to EUR 46 million.
STATISTICS: KOSOVO insurers have sold 100,000 more policies y-o-y during January-September 2017
The insurance market of Kosovo increased by 2.5% y-o-y during the first nine months of the year to EUR 64.5 million, as the Central Bank - CBK market figures showed.
STATISTICS: KOSOVO insurers reported a 20% y-o-y growth rate in 1H paid claims
The Kosovo insurers' GWP increased by 2.74% y-o-y, to EUR 41.05 million in the first half of 2017, as shown by the Central Bank's data.
STATISTICS: KOSOVO insurers reported 1.5% y-o-y growth rate in Q1 GWP
By the end of March 2017, the Kosovo insurance market totaled EUR 18.8 million - 1.5% more y-o-y, as the market figures published by the Central Bank of Kosovo - CBK indicate.
STATISTICS: KOSOVO: +3% in FY2016 GWP, supported by the double-digit growth rate in voluntary classes
Last year, the Kosovo insurance market totaled EUR 81.2 million, or 3.1% more y-o-y, according to the figures published by the Central Bank of the Republic of Kosovo (CBK). At the same time, the volume of paid claims by local insurers remained about at the 2015 level: EUR 39 million.
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.
ON THE MOVE
Bulgaria: Boiko ATANASSOV appointed as FSC's head
The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.
RUSSIA: Alexander ZARETSKI steps down from the presidency at METLIFE
On April 1, 2019, Alexander ZARETSKI will step down from his presidency of METLIFE. According to the Company's Board of Directors, this decision was made for personal reasons. Gheorghe DIMITRU will take over as president, ASN wrote.
TALANX announced finalization of generational renewal at Board level
The German insurer TALANX announced the Supervisory Board has completed the generational shift at Board level.
New appointments within SCOR Global P&C; Michel BLANC is the new CEO of Reinsurance
In Reinsurance, SCOR Global P&C announces the following appointments, effective April 1, 2019:
ASIROM VIG names Wolfgang HAJEK new CFO
Romania-based ASIROM, part of Vienna Insurance Group (VIG), has appointed Wolfgang HAJEK as the new CFO.
Climate and cyber: two Cs with catastrophic potential and the insurance business - under debate in Vienna, on April 9
10 years after its inception, the Romanian mandatory dwelling insurance system has progressed and PAID, the pool underwriting and managing the mandatory policies is a strong and financially sound institution. "We are currently managing a reinsurance program worth EUR 920 million, with a pool of excellent reinsurers, more than half of them rated AA+, while the company's solvency rate is of 220%," recently stated Nicoleta RADU, CEO, PAID.
Conclusions: TBILISI - the first Georgian International Insurance Conference
The first Georgian International Insurance Conference took place on 14 March 2019. The event 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 was 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.
Did you book your seat at one of the key European events dedicated to property and cyber insurance?
Climate risks have always produced high impact events, causing material and human losses that often have remained in collective memory as reference points. On the other hand, cyber risks are just emerging, but they are already demonstrating a potentially catastrophic impact which still needs to be better understood and assessed.