2 minutes agoA 30 - percent increase in auto insurance
Periskopi(7 years ago)
(7 years ago)Insurance companies have taken the initiative to increase vehicle insurance prices on behalf of financial obligations that have been added to the company's bankrolling “Insig”. The Central Bank (BQK) has not indicated whether to approve growth. Officially neither the CEC nor the Security Association (SHSK) have indicated the initiative, [...]
Officially neither the CEC nor the Security Association (SHSK) have indicated about the initiative, for which the paper has provided information from sources to more than one company. But these institutions have neither denied the information, writes today “Koha Ditore”.
Kosovo Insurance Association agrees that the issue of changing the insurance price is an individual issue of each security company”, they have said in the SHSK, without denying the initiative. “While the change of prices for voluntary insurance products is in the discretion of each provider separately, for which no approval is required from BQK”.
Based on the Law on Obligational Security, each insurer has the right to apply for approval or change of TPL security tariffs, for which any estimates should be in full harmony with the rules specified by the Central Bank of Kosovo. These rules include determining the ping structure, the minimum or maximum limit, or the other one within which the prime one should be, as well as the technical basis which should be used by the provider in case of a security count.
