Regulatory Alerts2020-04-30
Regulation on Licensing of Insurers and Branches of Foreign Insurers
The Board of the Central Bank of the Republic of Kosovo issued this regulation to establish the conditions, procedures, and capital requirements for licensing domestic insurers, reinsurers, and foreign branches. Applicants must demonstrate sufficient charter capital ranging from 2.2 to 3.2 million euros, prove shareholder financial soundness, and ensure directors meet specific educational and experience thresholds before receiving a preliminary approval within three months. Following an on-site technical examination and fulfillment of these conditions, the CBK grants a permanent license that supersedes the 2017 framework and applies to all subsequent applications.
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