STATISTICS: Kosovo: 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.

At the same time, life insurance premium increased by 20% y-o-y to EUR 3 million, according to the "Financial System - Monthly Information" released on CBK website.

The figures revealed that the quarterly aggregate insurers' net profit decreased to EUR 3 million, from EUR 6.9 million at the end of December 2017. On the other hand, the total assets held by Kosovo insurance companies increased to EUR 177.3 million at the end of 2018, from EUR 177.1 million a year earlier.

Fourteen insurance companies operate in Kosovo, one less than a year earlier.

ccess www.xprimm.com and download the FY2018 Kosovo insurance market statistics.

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

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