Besnik Zekaj, Edmond Beqiri: Harmonized standards for development and implementation of information system in the insurance industry in Kosovo Harmonized standards for development and implementation of information system in the insurance industry of Kosovo Edmond Beqiri University of Peja, "Haxhi Zeka" Kosovo Besnik Zekaj PhD Candidate UET, Tirana Abstract Rapid innovations in information technology have made big impact in the insurance industry. The use of information technology for the insurance operations is strategic, in the sense that there is a direct impact on the productivity of resources, and a major impact on reducing the company's costs for its activities. Almost all modern business organizations are using and are becoming increasingly dependent on the application of information technologies. The information with complete and reliable data is necessary to participate in the tough competition that exist worldwide. As a result of this, competition is day by day increasing the demand for the Business Information Systems. To have a complete overview on the role and application of information technology in the insurance industry, in the paper we intend to present the importance of facilitating the IT application, of different operators and insurance companies. The paper provides a brief overview of the development of insurance in Kosovo in recent years, which is largely depended by the application of information technology, at every level of insurance activity in terms of production and in terms of management and planning. Information Technology, not only helps in the daily business of insurance companies but it has become an imperative to it. Authors made the research in various insurance companies and have analyzed accurate information on work done by operators in the field. The use of the online insurance system or of e-insurance, represents the fact that the IT revolution creates unprecedented basis for activities in financial growth all over the globe. Keywords: Information, Technology, Insurance, Kosovo, Networks, IS, Business, MIS. Indroduction The Information systems in insurance companies are among the most important ingredients for successful operation. At the circumstances in which this activity takes place is impossible to build insurance activity without the support of information technology. Developments of insurance in Kosovo in recent years are largely dominated by the application of information technology at every level of insurance activity in terms of production and insurance, as also in terms of their management and planning. Use of the information technology in insurance industries is a necessity of today and has the strategic importance in the sense that it has a direct impact on labor productivity and it reduces costs for companies and their activities. By utilizing Information Technology, the insurance companies will be