ALBANIA: in the first two months of the year, non-life recorded a decrease, while life insurance grew

5 April 2022 —
In January-February 2022, GWP of Albanian insurers decreased by 0.82% y-o-y, reaching ALL 2.8 billion (EUR 22.7 million), SeeNews reports citing official figures.

GWP in non-life insurance dropped by 1.84% to ALL 2.6 billion during the period, while life insurance, on the contrary, generated ALL 204.7 million in premiums, which 13.78% more y-o-y, according to figures published by the Albanian Financial Supervisory Authority (AFSA).

Total value of the market paid claims also decreased over the period to ALL 839.6 million from ALL 1.4 billion paid in January-February of 2021.

The figures include data from eight insurance companies operating in Albania.

*EUR 1 = ALL 120.44