6 hours agoBEC proposes 35% increase in car insurance prices
Periskopi(7 years ago)
(7 years ago)A final report drafted by the Central Bank of Kosovo (BQK) proposes 35 per cent increase in vehicle insurance prices. The report, which the Economic Bulletin has seen, has already been handed over to insurance companies and is only expected to make a decision by the BEC's organs. Rescue Mehmet from the BEC and Sefik Grbovci [...]
A final report drafted by the Central Bank of Kosovo (BQK) proposes 35 per cent increase in vehicle insurance prices. The report, which the Economic Bulletin has seen, has already been handed over to insurance companies and is only expected to make a decision by the BEC's organs.
Rescue Mehmeti from the BEC and Sefik Grbovci from the insurance industry are the two acts that together have justified the technical basis for increasing the TPL security price.
The report suggests a 35 percent increase in car insurance prices. This suggests that depending on the power of the engine with the new growth, citizens will pay between 27 and 210 euros more expensive to provide vehicles.
Through this increase, it is intended that the remains of damage from the bankrupt company “Insig”, to pay Kosovo citizens. This is one of the points through which insurance companies have argued the 35 percent increase in vehicle insurance, based on some documents provided by the Economic Bulletin.
The report mentions in detail the duties of the acting in the face of the new situation created on the insurance market, including the bankrupt company “Insig”.
The effects of increased cover under Law No. 04/L-018 for Auto-Fascial Security, Insurance default at “Insig”, financing of the Compensation Fund near the Kosovar Insurance Bureau, and implanting the bonus-Mallus regulation and inflation.
Otherwise, 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”.
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.
