2 hours agoKosovo Insurance Sector Notes Growth
Periskopi(9 years ago)
(9 years ago)The Central Bank of the Republic of Kosovo (BQK) has announced that the insurance sector, representing about 3.0 per cent of the total assets of the financial system, marked slower annual growth of 3.8 per cent. “One of the main contributors to increasing insurance sector assets was increasing willing money kept in banks [...]
“One of the main contributors to increasing insurance sector assets was the increase in willing money kept in commercial banks, which have the highest share in the asset structure of insurance companies”, the BQ report says, on the Three-month Economics assessment, RTKlive reports.
According to the CEC, non-life insurance, which represents most of the sector by 90.0 per cent of assets, marked annual growth of 3.3 per cent, while the rest of the sector represented by insurance noted annual growth of 8.4 per cent.
By June 2017, the value of the sales written by insurance companies amounted to 42.1m euros, which represents an annual increase of 2.5 per cent. The written wait structure is chaired by non-life insurance priorities, which represent 96.9 per cent of the total written expectations. The realised value of non-life insurance cuts reached 40.8m euros”, said the BEC report, on the Three-month Economics Rating, RTKlive reported.
