Albania
STATISTICS: Albania Q3 2021: MTPL LoBs posted 46% increases in claims and significant positive rates in GWP and contracts
Albanian insurance market posted total Q3 2021 GWP of ALL 14.16 billion (~EUR 116.56 million), or 18.06% more compared to January-September 2020, according to the most recent figures published on the local financial supervisory authority - AFSA.
11 November 2021ALBANIA: in January-August the market expanded by more than 19% y-o-y
From January to August GWP of Albanian insurers expanded by 19.28% y-o-y to ALL 12.7 billion (~EUR 103.3 million*), as official figures showed, SeeNews reports.
4 October 2021STATISTICS: Albanian insurers posted double digit increase in H1 business
According to the H12021 market statistics published by Albanian Financial Supervisory Authority (AFSA), the gross written premiums of Albanian insurers amounted to over ALL 8.86 billion (~EUR 72.28 million), or 17.53% more compared to January-June 2020.
At the same time, the number of concluded insurance contracts reached 467,511 registering an increase of 7.48% compared to January-June 2020.
The insurance market continued to be oriented towards non-life insurance, which brought 92.34% share of the total premium volume, leaving life insurance with 7.65% share of the total premium volume., as AFSA representatives pointed out in a statement published on its website.
At the same time, the number of concluded insurance contracts reached 467,511 registering an increase of 7.48% compared to January-June 2020.
The insurance market continued to be oriented towards non-life insurance, which brought 92.34% share of the total premium volume, leaving life insurance with 7.65% share of the total premium volume., as AFSA representatives pointed out in a statement published on its website.
16 August 2021ALBANIA: in January-May the insurance market expanded by over 15% y-o-y
For the period January-May 2021 the Albanian insurance market generated GWP worth over ALL 7,009 million (~EUR 56.98 million*), or 15.51% more y-o-y. The number of concluded insurance contracts for the period increased by 1.86% y-o-y, according to figures published on the website of ASFA (Albanian Financial Supervisory Authority).
5 July 2021STATISTICS: Albanian market expanded 12.5% y-o-y during first quarter
Albanian insurers' Q1 2021 GWP amounted to over ALL 4.03 billion (EUR 32.80 million), or 12.52% more compared to January-March 2020, according to the quarterly market figures published on the AFSA's website (Albanian Financial Supervisory Authority).
6 May 2021STATISTICS: Albanian insurers' GWP declined by 5.7% last year
The aggregate GWP by Albanian insurers decreased by 5.73% y-o-y in 2020, to ALL 16.60 billion (EUR 134.26), official figures published by Albanian Financial Supervisory Authority showed.
11 February 2021STATISTICS: ALBANIA, 3Q2020: Insurers' GWP down by 6.54% y-o-y
Albanian 3Q2020 GWP amounted to over ALL 11,999 million (EUR 96.73 million), or 6.54% less compared to January-September 2019, according to the quarterly figures published by Albanian Financial Supervisory Authority (AFSA).
5 November 2020STATISTICS: ALBANIA, 1H2020: Insurers' January-June GWP compressed by 6.7% y-o-y
According to the six months 2020 market statistics published by Albanian Financial Supervisory Authority (AFSA), the gross written premiums of Albanian insurers amounted to over ALL 7.54 billion (~EUR 60.67 million*), or 6.66% less compared to January-June 2019.
13 August 2020ALBANIA: Insurance market decreased by almost 10% y-o-y for the first five months of 2020
From January to May 2020, the Albanian insurance market amounted to ALL 6.07 billion (~EUR 48.8 million*), 9.99% less y-o-y, the total number of concluded insurance contracts dropping by 26.53%, according to figures published on the website of ASFA (Albanian Financial Supervisory Authority).
9 July 2020STATISTICS: ALBANIA, 1Q2020: Insurers reported huge increase in property claims
According to the first-quarter 2020 figures published by the Albanian Financial Supervisory Authority (AFSA), the local insurance market amounted to over ALL 3,590 million (~EUR 27.47 million*), or 9.56% less compared to January - March 2019.
11 June 2020STATISTICS: ALBANIA, FY2019: market ended 2019 with a 4% growth in annual sales
Albanian insurance market reached over ALL 17.6 billion (EUR 145 million) during year 2019, or 4.11% more y-o-y, according to the market figures published on the AFSA's website.
20 February 2020ALBANIA: Authority launches MTPL damage registry
The Albanian Financial Supervisory Authority (AFSA) has announced the launch of a public online registry of all damages incurred for MTPL insurance policies, the insurance consumers being able to follow the course of their indemnities based on a unique identification number.
11 February 2020ALBANIA: from January to November 2019 over 55% of paid claims fell on motor insurance
Between January and November 2019, the Albanian insurance market exceeded ALL 15.63 billion/ EUR 0.13 billion (+3.20% y-o-y) in premiums. Market paid claims for the period amounted to about ALL 5.48 billion (11.13% less y-o-y), as the data of the Financial supervisory authority (AMF) show.
7 January 2020ALBANIA: Economic losses of more than USD 100 million after strongest earthquake in decades
More than 21 people have been killed and over 600 more injured after Albania was rocked by its strongest earthquake in decades, informed Euronews Albania, though many expect the number to increase.
27 November 2019STATISTICS: ALBANIAN insurers' nine months GWP up by3% y-o-y to EUR 105 million
The insurance market reached over ALL 12.83 billion (EUR 105 million) during period January - September 2019, or 3.04% more y-o-y, informed Albanian FSA. During the analyzed period, the number of issued insurance contracts reached 992,212 showing an increase of 3.83% compared to 3Q 2018.
7 November 2019ALBANIA: unpaid social insurance debt of private taxpayers reached USD 100 million
Total unpaid social insurance debt of private companies in Albania reached about USD 100 million, Albanian Daily News reports.
7 November 2019ALBANIA: market increase of 2.33% y-o-y with non-life occupying over 92% from January to August
The Albanian market reached over ALL 11.36 million (~EUR 0.09 million) from January to August 2019, 2.33% more y-o-y. The total number of insurance contracts amounted to 885,298 (+4.72%). Paid claims reached about ALL 3.94 million (+9.99% y-o-y), as data from the Financial Supervisory Authority of Albania show.
3 October 2019ALBANIA: Ervin METE appointed as Chairman of AFSA
On September 12, 2019, The Albanian Parliament approved the proposal of Ervin METE as Chairman of the Board for The Albanian Financial Supervision Authority (AFSA).
18 September 2019STATISTICS: Albanian insurers' H1 premiums up by 5% y-o-y
The gross written premiums of Albanian insurers increased by 5% year-on-year in the first half of 2019, reaching ALL 8 billion (EUR 66 million), official market statistics show.
5 September 2019Albanian insurers' Jan-May gross written premiums up 7.6%
2 July 2019
