STATISTICS: ALBANIAN insurers GWP down by 2.7% y-o-y in Q1

23 June 2016 — Vlad BOLDIJAR
The Albanian insurance market reached GWP of over ALL 2,939 million (EUR 21.2 million) for the period January-March 2016, or 2.70% less y-o-y. During the analysed period, the number of issued insurance contracts reached 222,422 showing a decrease of 1.29% y-o-y.

According to data published by the local authority, the market continued to be dominated by non-life classes, which share was 92.40% of the total premium volume, the remaining rest being accounted by life insurance (about 7%) and reinsurance (0.6%).

At the same time, the shares of voluntary and compulsory insurance GWP were respectively 37.33% and 62.67%.

Payment of claims, during the period increased by 14.10% y-o-y. Most of the gross paid claims were related to Motor insurance, about ALL 560 million or 69.51% of total.

Access and download the 1Q2016 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

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