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 www.xprimm.com and download the 1Q2016 Albanian insurance market statistics.
Market indicators (in EUR and ALL):
- Growth rates