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Kosovo Insurers' 7-mo Gross Premium Income Rises 18.7% to 41.3 Mln Euro

Oct 19, 2009, 4:40:39 PMArticle by Yordan Todorov
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October 19 (SeeNews) - The insurance companies operating in Kosovo reported a combined gross premium income of 41.3 million euro ($61.7 million) for the first seven months of 2009, up 18.7% year-on-year, Kosovo’s central bank said.

Kosovo Insurers' 7-mo Gross Premium Income Rises 18.7% to 41.3 Mln Euro

A total of 312,300 insurance policies were sold through July, up from 288,900 a year earlier.

Nine insurance companies operate in Kosovo: the local branches of Albanian privately-held INSIG, Sigal and Sigma, together with Pristina-based Dardania, Dukagjini, Kosova e Re, Siguria, Sigkos and Sigurimi.

The gross premium income of insurers in Kosovo rose by 11% to 56.4 million euro in 2008.

Details follow (in million euro):

Jan-July'09 Jan-July'08 2008
Total premiums 41.3 34.8 56.4
-- third-party liability 21.7 23.1 35.6
-- other 19.6 11.7 20.8
Claims paid 10.6 10.1 17.7


($=0.6694 euro)

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