ALBANIA: Insurance market down 25% in Jan-Feb 2012

10 April 2012 —
Albania's insurance market shrank by 24.61% in the first two months of 2012, according to Albania's Financial Supervisory Authority.

The number of gross insurance premiums in the first two months of this year reached 1.1 billion Leks while the number of insurance policies decreased by 47,391.

Non-life insurance fell 23.93% year on year, whereas life insurance slid 35.16% compared to the same period the previous year. Meanwhile, gross paid claims registered a sharp increase by 44.64% compared to January 2011.

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ALBANIA: Insurance market down 25% in Jan-Feb 2012
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