STATISTICS: KOSOVO, 1H2016: Insurers posted GWP of EUR 40 million in 1H2016

The Kosovo insurers' GWP increased by 1.68% y-o-y to EUR 39.96 million in the first half of 2016, as shown by the Central Bank's data. Gross written premiums from Motor TPL insurance increased by 5.28% to EUR 22.57 million, generating about 56.48% of total GWP. The total gross claims paid were down by more than 8% to EUR 17.81 million.

In the analysed period, the total number of policies sold by local insurers was of 388.75 thousand (vs. 447.86 in 1H 2015), of which about 185 thousand were DMTPL contracts and 99 thousand - border policies, while the market posted a net loss of EUR 2.2 million vs. a net loss of EUR 2.5 million a year ago.

Note: The figures presented by CBK include only the insurers' activity on non-life segment

Access www.xprimm.com and download the 1H2016 Kosovo insurance market statistics.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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