At the end of June 2023, the insurance market of Albania totaled ALL 11 billion (~EUR 104 million), up by 13% compared to January - June 2022, official half-year data provided by the Albanian Financial Supervisory Authority (AFSA) showed.

GWP for January-May 2023 amounted to ALL 8,959 million (~EUR 81.91 million), which is 15.29% more y-o-y. During the reporting period, the number of concluded insurance contracts reached 505,098 with an increase of 13.36%, the Albanian Financial Supervisory Authority (AFSA) informed.

Albanian insurers recorded GWP worth EUR 45.42 million in Q1 2023, up by 29% y-o-y. In the same period, paid claims rose by 18.3% y-o-y, to EUR 14.23 million. However, one should note that due to the Albanian currency appreciation vs. the precedent year, the growth rates in European currency are significantly higher than those calculated with the premiums and paid claims values denominated in Albanian Lek.

In January-February 2023 GWP of Albanian insurers increased by 19.07% y-o-y to ALL 3.29 billion (EUR 29 million), SeeNews reports citing the official figures.

According to the year-end market figures recently published by Albanian FSA, during January-December 2022 the local insurance market experienced an increase of 9.16% y-o-y to ALL 21.03 billion (~EUR 184 million). At the same time, the number of policies increased by 12.93% compared to January-December 2021 to 1,325,231.

Albanian insurance market posted January-September 2022 GWP of ALL 15.50 billion (~EUR 133 million), or 9.5% more y-o-y, according to the 3Q2022 figures published on the website of the local financial supervisory authority - AFSA.

At the end of June 2022, the Albanian insurance market totaled ALL 9.77 billion (~EUR 82 million), experiencing an increase by 10.25% compared to January - June 2021, official half-year data provided by the Albanian Financial Supervisory Authority (AFSA) showed.

At the end of March 2022, Albanian insurance market totaled ALL 4.28 billion (EUR 35.19 million), or 5.97% more y-o-y. During Q1 2022, the number of concluded insurance contracts reached 247,576 up by 21.99% compared to January-March 2021, official data provided by the Albanian Financial Supervisory Authority (AFSA) showed.

The Albanian Financial Supervisory Authority (AFSA) has become a member of the International Association of Insurance Supervisors (IAIS) Multilateral Memorandum of Understanding (MMoU) - an international supervisory cooperation and information exchange agreement.

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.

The FY2021 gross written premiums of the eight Albanian active insurers increased by 16.02% y-o-y to ALL 19.26 billion (EUR 159.55 million), official figures published on the website of Albanian Financial Supervisory Authority (AFSA) showed.

From January to November 2021, GWP of Albanian insurers increased by 17.6% y-o-y, reaching ALL 17.4 billion (EUR 142.8 million), SeeNews informed according to the official figures.

From January to October the Albanian market expanded by 16.5% y-o-y, reaching ALL 15.7 billion (EUR 129.4 million), SeeNews reports with reference to the official figures.

Albanian insurance market posted total Q3 2021 GWP of ALL 14.16 billion (~EUR 116.56 million), or 18.06% more compared to January-September 2020, according to the most recent figures published on the local financial supervisory authority - AFSA.

From January to August GWP of Albanian insurers expanded by 19.28% y-o-y to ALL 12.7 billion (~EUR 103.3 million*), as official figures showed, SeeNews reports.

According to the H12021 market statistics published by Albanian Financial Supervisory Authority (AFSA), the gross written premiums of Albanian insurers amounted to over ALL 8.86 billion (~EUR 72.28 million), or 17.53% more compared to January-June 2020.

At the same time, the number of concluded insurance contracts reached 467,511 registering an increase of 7.48% compared to January-June 2020.

The insurance market continued to be oriented towards non-life insurance, which brought 92.34% share of the total premium volume, leaving life insurance with 7.65% share of the total premium volume., as AFSA representatives pointed out in a statement published on its website.

For the period January-May 2021 the Albanian insurance market generated GWP worth over ALL 7,009 million (~EUR 56.98 million*), or 15.51% more y-o-y. The number of concluded insurance contracts for the period increased by 1.86% y-o-y, according to figures published on the website of ASFA (Albanian Financial Supervisory Authority).

Albanian insurers' Q1 2021 GWP amounted to over ALL 4.03 billion (EUR 32.80 million), or 12.52% more compared to January-March 2020, according to the quarterly market figures published on the AFSA's website (Albanian Financial Supervisory Authority).

The aggregate GWP by Albanian insurers decreased by 5.73% y-o-y in 2020, to ALL 16.60 billion (EUR 134.26), official figures published by Albanian Financial Supervisory Authority showed.

Albanian 3Q2020 GWP amounted to over ALL 11,999 million (EUR 96.73 million), or 6.54% less compared to January-September 2019, according to the quarterly figures published by Albanian Financial Supervisory Authority (AFSA).