STATISTICS: ALBANIA, 1Q2019: insurers' Q1 GWP up by more than 10% y-o-y

23 May 2019 — Andrei Victor
The gross written premiums of Albanian insurers increased 10.8% y-o-y during January-March 2019, reaching ALL 3.93 billion or EUR 31.3 million, as the official figures provided by the Albanian FSA showed.

Non-life GWP was up by more than 10% to ALL 3.6 billion, while the life insurance segment earned premiums of ALL 287.6 million, up by 20% y-o-y.

Total gross claims paid increased to ALL 1.5 billion at the end of March, of which about ALL 191 million, related to the Compensation Fund.

The statistics provided by the Albanian FSA include the financial figures from eight insurance companies operating in the country. The largest insurers in the country in terms of GWP were the two local subsidiaries of Austrian UNIQA. SIGAL LIFE UNIQA was the top life insurer (57% market share), while SIGAL UNIQA ranked first in the non-life insurance ranking - 26.5% market share.

Access and download the 1Q2019 Albanian insurance market statistics (in EUR and ALL).

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