Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Kosovo Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Kosovo includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
1.98 mn (2020)
On 17 February 2008 Kosovo unilaterally declared its independence from Serbia. Like Kosovo itself, the non-life insurance market is young and under-developed, and one of the smallest insurance markets in Europe.
Kosovo has been slow to privatise its state-owned industries and has received relatively little in the way of foreign direct investment. The economy is largely dependent on foreign aid and remittances from those working abroad. Kosovo has been slow to privatise its state-owned industries and has received relatively little in the way of foreign direct investment. The economy is largely dependent on foreign aid and remittances from those working abroad.
There were 11 non-life insurers in 2019: a few domestic companies, while others are from Albania, Austria and Slovenia.