STATISTICS: KOSOVO: +3% in FY2016 GWP, supported by the double-digit growth rate in voluntary classes
The GWP portfolio consisted of about 56% Mandatory TPL policies, 8.5% - Border policies, the remaining volume being represented by other voluntary non-life classes (~35.5%). It is worth to mention that the figures presented by CBK include only the insurers' activity on the non-life segment.
The positive dynamic of the local insurance market was supported by the double-digit increases reported by the voluntary non-life classes (+13% to EUR 28.8 million) and by the 5.5% increase in Third Party Liability subclass (to EUR 45.5 million).
On the other hand, Border policies compresed by a third to EUR 6.9 million, as the Central Bank data showed.
Access www.xprimm.com and download the FY2016 Kosovo insurance market statistics.