October 4 (SeeNews) - Insurance companies in Kosovo reported 36.64 million euro ($51.7 million) in combined gross premium income for the first eight months of 2007, up 6.5% on the year, the Central Banking Authority of Kosovo (CBAK) said on Thursday.
The gross premium income for the first seven months of the year was 7.4% higher than a year earlier, CBAK said in a monthly report.
|
|
8-mo'07 |
8-mo'06 |
7-mo'07 |
| Total premiums |
36.64 |
34.39 |
31.65 |
| -- third-party liability |
24.79 |
24.15 |
21.7 |
| -- other |
11.85 |
10.24 |
9.95 |
| -- number of policies sold |
296,353 |
289,953 |
250,993 |
| -- indemnities paid |
8.45 |
6.84 |
7.71 |
Eight insurance companies operate in the U.N.-administered Serbian province, including the branches of Albanian state-run insurer INSIG, Albanian privately held Sigal and Sigma, and Pristina-based Dardania, Dukagjini, Kosova e Re, Siguria and Sigurimi.
Legally still part of Serbia, Kosovo has been under U.N. administration since 1999 following NATO bombings that expelled Serb forces to end what Western powers said was repression of civilians in fighting an ethnic Albanian rebel insurgency. Ethnic Albanians who outnumber Serbs and other nationalities in the province by nine to one, are seeking independence, while Belgrade says Kosovo is an indivisible part of Serbia. The status of the province is expected to be determined later this year.
($=0.7087 euro)