Banal reasoning of insurance companies for robbing citizens

Communications in question states that insurance companies in Kosovo are working with negative balance, even though no single figure is provided for such a claim.

The insurance sector in our country still continues to work on a negative annual balance due to the huge amount of resources insurance companies are forced each year to pay in the name of the major damage caused in the country by vehicles secured...” The first paragraph of this communique is written.

Of course, insurance companies have only jobs to secure citizens in case of traffic accidents. And such a complaint seems quite absurd.

This association on two occasions makes reference to the states of the region in the first, saying that Kosovo has the highest number of uninsurance vehicles in the region, and in the second, saying that the amount of damages compensated exceeded 400m euros, which was higher than the countries of the region but by not offering any evidence of their claims, Periscope writes.

Security companies are in a state of serious financial capacity, as there are extreme increases in serious injuries, but also accidents with minor injuries. What has happened in our country has not happened anywhere else in the region, but even further away..” says another ridiculous sentence of this communique.

In the meantime, below you can see how this association on its online page puts out its figures:

Otherwise, a protest is expected Saturday before Kosovo Central Bank. [Getty Images] BQK] on this matter.

The following is the entire KSF communiqué:

The insurance sector in our country continues to work on the annual negative balance because of the huge amount of vehicles insurance companies are forced each year to pay in the name of major damage caused in the country by secured vehicles, but also about 100,000 unsanitified vehicles are estimated to be in our country”.

“Refered official data Kosovo has the largest number of vehicles not secured that all states of the region”.

“Based on official data from the Central Bank of Kosovo (BQK), it is clearly seen that from 2002, until the end of September of this year, the amount of damages compensated exceeds 400m euros, the highest figure compared to countries in the region”.

But during all these years in total, all security companies operating in our country have managed to lose more than 16m euros, so if we make an average from 2002 to now all security companies operating in our country each year have lost about 900 thousand euros. In addition to the increasing number of undocumented vehicles, the increasing number of accidents, in the annual negative balance of insurance companies, have also affected the additional obligations the insurance industry has had to pay to the state, as no other corporation in Kosovo”.

Security companies are in a state of serious financial capacity, as there are extreme increases in serious injuries, but also accidents with minor injuries. What has happened in our country has not happened anywhere else in the region but even farther away. There is considerable increase in damage, the security police, which even the latest increase has cheaper demining in the region, as long as there is a total of one million euros, much equal to developed European states”.

The security industry in our country, in addition to its economic importance, also plays an important role in social terms, when it is known that in direct and indirect, over 2700 workers in all municipalities in the country”.

“Tendence to damage the insurance industry, where more than half is of foreign capital also damages the country's image in front of foreign investors, who even further see Kosovo as the opportunity to invest some of their capital”. /Periscope