STATISTICS:

STATISTICS: KOSOVO, 1Q2016: Voluntary policies drove the market growth

At the end of March 2016, the Kosovo insurance market totaled EUR 18.50 million - 2.56% more y-o-y, according to the market statistics published by the Central Bank of Kosovo - CBK. During the reported period, claims paid by insurers totaled EUR 8.20 million, down by 8.71%.

Per lines of business, the Motor TPL classes dominate the aggregate GWP portfolio accounting for 56.66% of total. Of this figure, the Domestic Motor TPL policies accounted for 51.65% (or EUR 9.56 million), while the Border policies generate about 5% (EUR 0.93 million) vs. 11.91% (EUR 2.15 million) in Q1 2015.

It is worth mentioning that due the impressive decrease in GWP reported by the Border policies (-57% y-o-y), the share of other voluntary classes in total GWP increased from 39.25% (in 1Q2015) to 43.34% in 1Q2016.

During Q1 2016, Kosovo insurers issued a total of 173.93 thousand policies - of which only 79.36 thousand were Domestic Motor TPL policies and 40.67 thousand - Border policies.

Access www.xprimm.com and download the 1Q2016 Kosovo insurance market statistics.

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

Share |

Related articles

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.

2016-11-03

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.

2016-08-18

ON THE MOVE

ALLIANZ announced three executives appointments

German insurance Group ALLIANZ announced three senior leadership appointments at ALLIANZ DIGITAL Health, ALLIANZ Private Krankenversicherung and Allianz Global Corporate & Specialty SE.

18.01.2019

TOP EVENT

Inclusive insurance on the agenda of the second CEE & SEE - Regional Actuarial Insurance Conference in Skopje, Macedonia

Insurance should be accessible to all social classes, regardless of their wealth and income status. Products offered today are conventional insurance products, largely inspired from the developed markets as "one-size-fits-all" solutions, affordable to only middle- and high-income clients in the Eastern Europe's emerging & developing markets. The low insurance penetration rates across the region show the need for another approach.

10.01.2019

Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.

06.11.2018

IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.

05.11.2018

See all