STATISTICS: Compulsory motor insurance pushed up the ALBANIAN market by 36.2% in 2014
The Albanian insurance industry continued to be dominated by non-life segment, which accounted for 90.9% of the total GWP. Life insurance accounted for 8.8% of the market and re-insurance held a 0.2% share. The shares of compulsory (consisting of mandatory motor insurance, such as DMTPL, Green Card and Border Policies) and voluntary insurance (the rest of the market portfolio, including life insurance) were 59.7% and 40.3%, respectively.
According to AFSA statistics, on the life insurance segment, the first position was held by SIGAL Life UNIQA Group Austria - with 64.5% market share, while on the non-life insurance segment, the largest insurer was SIGAL UNIQA which accounted for almost 29% market share.
Access www.xprimm.com and download the FY2014 Albanian insurance market statistics.
Market indicators (in EUR and ALL):
- Growth rates
- Motor/DMTPL/Green Card
- Accidents & Health