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Content <p>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.</p> <h3><strong>Key Functions and Objectives</strong></h3> <ul> <li> <p><strong>Motor Insurance Management</strong>: The BKS oversees the mandatory motor liability insurance system to ensure that all vehicles in Kosovo are insured.</p> </li> <li> <p><strong>Border Insurance</strong>: 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.</p> </li> <li> <p><strong>Compensation Fund</strong>: The BKS maintains a Compensation Fund to cover damages to third parties caused by uninsured or unidentified vehicles.</p> </li> <li> <p><strong>Information Center</strong>: It manages an Information Center that includes the <strong>INSUREX</strong> electronic system, which is used for issuing insurance policies and managing related data.</p> </li> </ul> <h3><strong>Supervision</strong></h3> <p>The <strong>Central Bank of Kosovo (BQK)</strong> supervises the BKS and all other insurance institutions in the country, ensuring the stability and proper functioning of the insurance industry.</p>

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