STATISTICS: ALBANIA 3Q2014: The stabilization of MTPL tariffs pushed up the market by more than 45%
The following report was released by AFSA.
During the period January-September 2014, the number of signed insurance contracts was 757,913 showing an increase of 0.07% compared to the same period last year.
The market continued to be dominated by Non-Life insurance, which share was 90.83% of the total premium volume. Life insurance market share was 8.85% and Reinsurance was 0.32%.
Market shares of voluntary and compulsory insurance gross written premiums were respectively 41.26% and 58.74%.
The total of paid claims during the period January-September 2014 was over ALL 2,000 million (EUR 14.3 million) or 1.40% more, compared with the period January-September 2013.
Read the full report published by AFSA here.
Access www.xprimm.com and download the 3Q2014 Albanian insurance market statistics - market portfolio & market rankings: GWP, claims, growth rates, shares.