PRISTINA (Serbia and Montenegro), December 12 (SeeNews) - Insurance companies in the U.N.-administered southern Serbian province of Kosovo reported 37.9 million euro ($44.76 million) in combined gross premium income through September, up 24.75% on the year, Kosovo's Banking and Payments Authority (BPA) said on Monday.
Details follow (in millions of euro):
.....................................9-mo'05..............8-mo'05...............9-mo'04
total premiums..................37.90................33.97..................30.38
-third-party liability...........26.10................23.19..................21.85
-other...............................11.80..................10.78...................8.53
number of policies sold.....290,714...........281,908..............258,583
paid indemnities................5.99....................5.26..................4.81
The combined gross premium income in 2004 was 37.06 million euro.
Eight licenced insurance companies are currently operational in Kosovo.
Kosovo, legally still part of the loose union of Serbia and Montenegro, has been under U.N. administration since 1999 following a NATO bombing campaign to halt Serb repression of the ethnic Albanian majority in the province.
Kosovo's financial sector is supervised and regulated by BPA, which performs many of the functions normally performed by a central bank.
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