STATISTICS:

STATISTICS: ALBANIA, 1H2016: 3% increase in GWP and 30% growth rate in claims in the first half year

At the end of June 2016, the Albanian insurance market totalled ALL 6.62 billion (~EUR 48 million), 3% up y-o-y, while the total amount of paid claims was of ALL 1.89 billion (~EUR 14 million) - or 30% more y-o-y, according to the figures published by the local market authority.

During the analysed period, the number of issued insurance contracts reached 418,182 showing a decrease of 1.43% compared to the period January-June 2015.

The market continued to be dominated by non-life insurance classes, whose consolidated share was of 92.68% of the total premium volume, while the shares of voluntary and compulsory insurance GWP were of 41.15% and 58.85% respectively.

Access www.xprimm.com and download the 1H2016 Albanian insurance market statistics.

Market indicators (in EUR and ALL):
  • GWP
  • Claims 
  • Growth rates
  • Portfolio
Market rankings (in EUR and ALL) - GWP/Claims/Growth rates/Market shares:
  • Life
  • Non-life
  • DMTPL
  • Green Card
  • Property

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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