Analysis Carmel in the companies in Kosovo

• Pages: 110-115
• Date: 01 January 2021
• Published date: 01 January 2021
• Author: Ibrahim Mala

Vol. 5 No. 1

January, 2021

European Journal of Economics, Law and Social Sciences

IIPCCL Publishing, Graz-Austria

ISSN 2519-1284

Acces online at www.iipccl.org

110

Analysis Carmel in the companies in Kosovo

PhD (C.) Ibrahim Mala

Abstract

Researching the chronology to the development of the insurance companies in Kosovo,

especially since 1999 onwards, we have to accept that they have managed to provide large

capital. On the contrary, problems and diculties have become evident in these companies,

which directly or indirectly aect their development, but in order to be realistic despite

these developments, insurance companies in Kosovo have been taken as a model by many

neighboring countries.

The rst and the most important element that allows us the usage of the CARMEL analysis

is precisely the provision of sucient capital. Due to the exit from the last war, there is a

small number of insurance companies in Kosovo which have developed under a full presence

of the international companies from a technical point of view, including management and

supervision trainings, all of which have led to the development of these organizations based

on international standards.

On the other hand, reinsurance is considered as a growing process, but the insurance companies

continue to maintain their image in front of customers, aware that they can lose them very easy

in times of erce competition between insurance companies. While, every insurance company

in Kosovo selects the best people in management, operational management, marketing

management, IT management and human resource management.

On the contrary, the insurance companies are aware of the competition and the risk that

arises in the domestic market, so they have identied the most appropriate methods and

methodologies for their development and operation. There is one similar methodology in the

operation of all insurance companies working in our country, because it is a small country. The

eorts of these companies to introduce a dierent model for development and operation have

never disappeared, which has led to full vitality, so this has been best used by the clients of the

insurance companies.

Keywords: CARMEL analysis, companies, Kosovo.

Introduction

The CARMEL indicator set consists of 6 groups:

Capital adequacy

Asset quality

Reinsurance and actuarial issues

Management soundness

Earnings and protability

Liquidity

Capital adequacy in insurance companies - KC "Siguria"

CARMEL model in insurance companies

The CARMEL indicator set consists of 6 groups: