One accident, an average of 155 thousand lek in compensation - AMF: Insurance companies continue to increase payments for vehicle damages
After every road accident or damage covered by an insurance policy, the first concern for citizens remains how much money the insurance company actually compensates.
According to the latest data from the Financial Supervisory Authority (AMF), the average claim paid for an accident or insured event in motor insurance was around 155 thousand lek per case in the first quarter of this year. This amount represents the typical compensation that insurance companies pay for repairs or damages related to vehicles.
However, the amount varies depending on the type of insurance. For Casco insurance, which covers damages to the vehicle itself, the average damage has reached around 102 thousand lek per case, marking a significant decrease compared to the first quarter of last year. While for mandatory vehicle insurance within the country, the average damage is estimated at around 162 thousand lek.
In total, for all types of non-life insurance, the average claim paid in the market results in around 110 thousand lek per case, slightly higher than a year ago.
Meanwhile, if we look at the total payments, insurance companies paid about 2.1 billion lek in damages during the quarter, slightly more than in the first quarter of 2025, when payments reached about 1.9 billion lek. So, this is a very slight increase of about 11%.
The majority of these claims come from non-life insurance, which accounts for over 93% of the total, while life insurance accounts for only a small share of the market.
Motor insurance remains the main segment of claims, due to the high number of vehicles and accidents in circulation.
Claims payments by insurance companies have increased significantly in recent years. From around 3.6 billion lek in 2015, they have more than doubled, reaching over 8 billion lek in 2025.
This shows that the role of insurance in the financial protection of citizens and businesses is becoming increasingly important in the economy.
Gold is included in the CBK reserve portfolio - A historic moment in the development of Kosovo's official reserve assets
The Central Bank of the Republic of Kosovo (CBK) has marked a historic moment in the development of the official reserve assets of the Republic of Kosovo,......
The Board reduces the price of fuels - Diesel by 10 lek, to 196 lek/liter. Gasoline by 4 lek, to 180 lek/liter.
The Transparency Board decided at its next meeting the new ceiling prices for the trading of petroleum by-products, which will come into effect on Thursday......
Exchange rate/ The US dollar and European currencies are weakening again!
The US dollar, like the day before, has again recorded a decrease in value this morning, weakening again as it was bought today for 80.7 lek and sold for......
"20% of production for domestic consumption" - Australia, one of the largest gas exporters, aims to increase reserves
Australia will require major natural gas exporters in the country to allocate 20% of their production for domestic consumption, Energy Minister Chris Bowen......
"Targeted measures for rising energy prices" - IMF urges EU countries to protect families and businesses
European countries have failed to offer targeted measures to protect households and businesses suffering from high energy prices, the International Monetary......
"The EU will eradicate poverty within 25 years" - The European Commission has adopted the strategy
The European Commission has presented its first anti-poverty strategy, which aims to eradicate extreme poverty and social exclusion by 2050 through......
Global debt hits record $353 trillion - Investors flee US Treasury bonds
Investors are showing signs of diversifying away from U.S. Treasury bonds as global debt levels reached a record of nearly $353 trillion by the end of March,......
The Mountains Package 'closes' in May, Demo: We approved the priority areas in the municipalities of Delvinë, Konispol and Pogradec
In its meeting today, the government approved the priority development areas, part of the Mountain Package for the municipalities of Delvinë, Konispol and......
