MTPL pushed the ALBANIAN market by 26.6% y-o-y in Q1

12 June 2014 — Vlad BOLDIJAR
albania-statisticsAccording to the Albanian FSA - the insurance premium revenues for January-March 2014 were about ALL 2,640 million (~EUR 18.8 million), or 26.61% more y-o-y. At the same time, during the analyzed period, the number of signed insurance contracts was 204,660, showing a decrease of 12.08% compared to January-March 2013. The market continued to be dominated by non-life insurance (89.36% of the total premium volume). The life insurance market held 10.06% and reinsurance - 0.58%.

According to the figures published by the market authority, the shares of voluntary and compulsory insurance gross written premiums were respectively 49.37% and 50.63%. The total of paid claims during the period January-March 2014 was about ALL 598 million (~EUR 4.3 million) or 0.12% less, compared with the same period last year. Most of the gross paid claims were related to motor insurance, about ALL 478 million or 79.92% of total gross paid claims.

Access www.xprimm.com and download the 1Q2014 Albanian insurance market statistics.
  • Market indicators (in EUR and ALL) - GWP & CLAIMS portfolio, growth rates
  • Life and non-life market rankings (in EUR and ALL) - GWP/Claims/Growth rates/Market shares

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