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The Kosovo Insurance Bureau (BKS) is a non-profit organization established by ten insurance companies operating in Kosovo. It was founded on August 7, 2011, under the Law on Compulsory Motor Liability Insurance. The BKS plays a crucial role in managing the country's motor insurance system, particularly due to Kosovo not being a member of the international Green Card system.
Key Functions and Objectives
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Motor Insurance Management: The BKS oversees the mandatory motor liability insurance system to ensure that all vehicles in Kosovo are insured.
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Border Insurance: Because Kosovo is not part of the Green Card system, the BKS issues border insurance policies to foreign vehicles entering the country, providing financial protection in case of an accident.
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Compensation Fund: The BKS maintains a Compensation Fund to cover damages to third parties caused by uninsured or unidentified vehicles.
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Information Center: It manages an Information Center that includes the INSUREX electronic system, which is used for issuing insurance policies and managing related data.
Supervision
The Central Bank of Kosovo (BQK) supervises the BKS and all other insurance institutions in the country, ensuring the stability and proper functioning of the insurance industry.
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- 29.8.2025 8:52:46 e pasdites
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