As a result of the measures taken by the CBK, with the aim of protecting policyholders and preventing the increase of negative impact on the insurance market and the financial system in general, based on the duties and responsibilities arising from the Law on the CBK and the Law on Insurance, during this period 2018-2022 the CBK has made a decision to revoke the licenses of two insurers, namely the insurance companies "Insig" and "Kosova e Re".
Before making the decision, the CBK continuously made efforts to correct the financial situation of both insurers, however, despite the readiness and efforts of the CBK, the Board and Management of the two Insurers failed to fulfill the legal requirements and improving the financial situation.