ALBANIA: In January-August, total GWP rose 6.64% y-o-y, while paid claims increased by 29%

9 October 2024 — Marina MAGNAVAL
In January-August 2024 the insurance sector in Albania increased 6.64% y-o-y to ALL 16.3 billion (EUR 165.5 million), SeeNews writes.

The non-life insurance segment rose 6.49% to ALL 15 billion in the first eight months, according to the Albanian Financial Supervisory Authority (AFSA). At the same time, the life insurance segment saw a 9% increase to ALL 1.3 billion.

Total paid claims of the eight insurers, operating in Albania, increased by 29% to ALL 5.6 billion (~EUR 57 million) in the period under review.

*EUR 1 = ALL 98.8



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