However, despite the readiness and efforts of the CBK, the Board and Management of the Insurer has failed to meet the legal requirements and improve the financial situation of the Insurer. At the same time, the shareholder of Insurer “Kosova e Re” did not respond to the CBK’s requests for capital increase and achieve compliance with applicable legal requirements.
The lack of willingness of the shareholder to meet the capital requirements has seriously jeopardized the capacity of the Insurer to meet its obligations to policyholders and other creditors.