Albania

Location:
Southeastern Europe, bordering the Adriatic Sea and Ionian Sea, between Greece in the south and Montenegro and Kosovo to the north

Climate:
mild temperate; cool, cloudy, wet winters; hot, clear, dry summers; interior is cooler and wetter

Natural hazards:
destructive earthquakes; tsunamis occur along southwestern coast; floods; drought

Macroeconomic data (xls)






Currency: Leka

1 EUR = 140.14 Lek - ALL (December 31st, 2014)
1 EUR = 140.20 Lek - ALL (December 31st, 2013)
1 EUR = 139.59 Lek - ALL (December 31st, 2012)
1 EUR = 138.93 Lek - ALL (December 31st, 2011)
1 EUR = 138.77 Lek - ALL (December 31st, 2010)

Sources:
Albanian Financial Supervisory Authority (AFSA)
Albanian Insurers Association
Bank of Albania

Insurance statistics

1Q2017Market Portfolioxlsx
1Q2017Insurance Companies Rankingsxlsx
FY2016
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FY2016Insurance companies rankingsxlsx
3Q2016Market Portfolioxlsx
3Q2016
Insurance Companies Rankingsxlsx
1H2016Market Portfolioxlsx
1H2016Insurance Companies Rankingsxlsx
1Q2016Market Portfolioxlsx
1Q2016Insurance Companies Rankingsxlsx
FY2015
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FY2015Insurance companies rankingsxlsx
3Q2015Market Portfolioxlsx
3Q2015
Insurance Companies Rankingsxlsx
1H2015Market Portfolioxlsx
1H2015Insurance Companies Rankingsxlsx
1Q2015Market Portfolioxlsx
1Q2015Insurance Companies Rankingsxlsx
FY2014
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FY2014Insurance companies rankingsxlsx
3Q2014Market Portfolioxlsx
3Q2014
Insurance Companies Rankingsxlsx
1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
1H2014Insurance Companies Rankingsxlsx
1Q2014Market Portfolioxlsx
1Q2014Insurance Companies Rankingsxlsx
FY2013Insurance market overview pdf
FY2013
Market portfolioxlsx
FY2013Insurance companies rankingsxlsx
3Q2013
Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
1H2013Insurance market overview pdf
1H2013
Insurance Companies Rankingsxlsx
1H2013Market Portfolioxlsx
1Q2013
Insurance Companies Rankingsxlsx
1Q2013Market Portfolioxlsx
FY2012Insurance market overview pdf
FY2012
Market portfolioxlsx
FY2012Insurance companies rankingsxlsx
3Q2012Market portfolioxlsx
3Q2012Insurance companies rankingsxlsx
1H2012Insurance market overview pdf
1H2012Market portfolioxlsx
1H2012Insurance companies rankingsxlsx
1Q2012Market portfolioxlsx
1Q2012Insurance companies rankingsxlsx
FY2011Insurance market overview pdf
FY2011Market portfolioxlsx
FY2011Insurance companies rankingsxlsx
3Q2011Market portfolioxlsx
3Q2011Insurance companies rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2010Insurance market overviewpdf
1H2010Market portfolio and rankingsxlsx
1H2009
Albanian insurance market overview pdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009Albanian insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls

1Q2017 Market Portfolio

1Q2017 Insurance Companies Rankings

ALBANIA's GDP expands 3.94 percent in Q1 2017

Albania's gross domestic product expanded by 3.94 percent in the first quarter of 2017 over the same three-month period of 2016, helped especially by a strong construction sector, the Institute of Statistics said on Friday.

STATISTICS: ALBANIA, FY2016: Double-digit increasing MTPL premiums maintained the market "in black"

At the end of 2016, the Albanian insurance market totaled about ALL 15,466 million (about EUR 114 million), or 9.64% y-o-y, according to the figures published by the local market authority. The total value of paid claims was about ALL 4,276 million (EUR 31.6 million) or 17.54% more y-o-y, of which more than half (about 52%) were related to Compulsory MTPL insurance.

STATISTICS: ALBANIAN insurers posted about EUR 79 million in GWP at the end of September

The Albanian insurance market reached over ALL 10.8 billion (EUR 78.6 milion) for the period January - September 2016, or 7.2% more y-o-y, according to the quarterly market statistics published by AFSA - Albanian Financial Supervisory Authority. During the analysed period, the number of issued insurance contracts reached 808,881 showing a decrease of 0.4% y-o-y. The total of paid claims was about ALL 2.9 million or 27.8% more, compared to the period 3Q 2015.

ALBANIAN insurers' Jan-Aug GWP rise 4.6% y/y

Albanian insurers' gross written premiums rose 4.6% on the year, reaching 9.4 billion leks (68.4 milion euro) for the first eight months of 2016, the country's financial supervisory authority AMF said on Friday.

ALBANIAN insurers' GWP rise 3% y/y in Jan-July

Albanian insurers' gross written premiums rose 3% on the year to 7.96 billion leks (64.9 million euro) in the first seven months of 2016, the country's financial supervisory authority said.