Kosovo
KOSOVAR insurers reported profit of EUR 2.5 million at the end of September
Total gross written premiums of the Kosovo insurance industry in the
first nine months of 2012 amounted to EUR 63.34 billion, representing an
increase of 7.86% over the corresponding period in 2011, while the
value of paid claims totaled EUR 21.6 million, or 9.5% more y-o-y, as
the Central Bank of Kosovo (CBK) informed. These values were generated
by 13 insurers who sold over 578 thousand policies in the analyzed
period.
5 December 2012KOSOVO-MACEDONIA: Border procedures for drivers have been simplified
An agreement between Macedonia and Kosovo makes it easier for drivers to
travel between the two countries and simplifies the insurance
compensation process for motorists who have accidents after crossing the
border.
13 November 2012KOSOVO TERRITORY: Central Bank continues to promote stability
Kosovo's Central Bank has a successful track record in ensuring the
country's financial stability. Gani Gerguri, Governor since May 2011
discusses the bank's policies and priorities.
11 October 2012KOSOVO TERRITORY: Central Bank has penalized all the insurance companies
No insurance company in Kosovo operates according to the laws in place.
Most of them do not reimburse their clients, the quality of their
services is not quality oriented, they have staff problems, they have
problems with their local operators and plenty of cases of corruption.
The irregularities identified by the inspectorate, made the Central Bank
to penalize all the companies.
5 October 2012KOSOVO insurers 1H total premiums rise 4%
The total premiums collected by the insurance companies operating in Kosovo territory rose 4% in 1H2012, to EUR 39.58 million, Central Bank data showed. This value was generated by the over 304 thousand policies sold in the analyzed period, 60 thousand more compared to January-June 2011. At the same time, the value of paid claims of insurers amounted to EUR 13.92 million.
13 September 2012KOSOVO, 1Q2012: GWP rose 2.9%
In January-March 2012, the gross written premiums of insurance companies in Kosovo increased by 2.9%, reaching EUR 18 million, compared with total underwritings in the correspondent period of 2011. This value was generated by the over 130 thousand policies sold in the analyzed period (about 104 thousand in 1Q2011).
11 July 2012KOSOVO TERRITORY: Car insurance rates affecting Serbia-Kosovo freedom of movement
Expensive car insurance instituted last December has hindered Serbia-Kosovo cross-border transportation, stirring a furious debate about its economic impact on both sides of the border.
9 May 2012KOSOVO, FY2011: Insurance market maintains the ascending path
According to data published by the Central Bank of the Republic of Kosovo, insurance market continued to grow in 2011, up to EUR 78.1 million in gross written premiums. As compared to the 2010 result, the figure shows a 9.7% increase, most of it generated by the over 605 thousand policies sold in the analyzed period, almost 65 thousand more than in 2010.
12 April 2012KOSOVO: Market ends 3Q2011 with an increase of 7%
First nine months of 2011 represented, for insurance companies operating in Kosovo, a volume of gross written premiums of EUR 58.7 million, recording, compared to 2010, an increasing evolution of 7%. This value was generated by the over 465 thousand policies sold in the analyzed period. The characteristic of young market is strongly supported by the practiced insurance lines, 60% of the local market portfolio is attributed to MTPL insurance. Paid claims of insurers amounted to EUR 19.7 million.
17 January 2012KOSOVO TERRITORY: Car Insurance talks with Kosovo to start in mid-January
Talks between the Association of Serbian Insurers and representatives of
insurance companies in Kosovo-Metohija on the method by which car
insurance can be purchased at administrative crossings will be held in
Vienna in the second half of January, 2012.
28 December 2011KOSOVO TERRITORY: Additional insurance for cars from Serbia
On Monday Kosovo introduces an insurance for all cars entering Kosovo
from Serbia, confirmed Kosovo's Interior Minister Bajram Rexhepi, cited
by Serbian B92 radio station on Monday.
27 December 2011KOSOVO TERRITORY: No vehicle insurance in northern Kosovo
Kosovo Interior Minister Bajram Redzepi stated on Sunday that
authorities will start charging vehicle insurance for cars coming to
Kosovo from central Serbia as of Monday, but that this measure will not
gain ground in the north immediately.
27 December 2011KOSOVO: SIGAL UNIQA obtains license to operate a life insurance company
Austrian insurance group UNIQA said this week its unit SIGAL UNIQA has been granted a life insurance permit in Kosovo. UNIQA has been operationally active in the property insurance segment in Kosovo since 2003.
22 November 2011VIDEO: Kosovo's insurance market is heading towards EUR 90 million
The Kosovo market is reduced as volume, but it is constantly expanding,
registering underwritings of about EUR 60 million. "We expect that over
the coming years it will reach EUR 90 million, because we expect many
investors to take over the former state-owned factories. The
privatization process is coming to an end, and the insurance sector will
grow with it", stated Visar RRUSTEMI, General Director, KOSOVA E Re, in
an interview for XPRIMM.TV, during the Annual Meeting of Reinsurers in
Monte Carlo.
16 September 2011SAVA Re buys remaining stake in Kosovo insurance
Reinsurance company SAVA Re signed a deal on the purchase of 49 percent
stake in Kosovo property insurance DUKAGJINI, in which it already
controls a majority ownership stake. Fixed part of the price for the
purchase of this stake, in the amount of EUR 8.5 million, will be paid
at the beginning of 2011.
5 January 2010
