Albania
ALBANIA: 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 2019Albanian insurers' Jan-April gross written premiums up 8.3%
5 June 2019STATISTICS: ALBANIA, 1Q2019: insurers' Q1 GWP up by more than 10% y-o-y
The gross written premiums of Albanian insurers increased 10.8% y-o-y during January-March 2019, reaching ALL 3.93 billion or EUR 31.3 million, as the official figures provided by the Albanian FSA showed.
23 May 2019OTP wraps up acquisition of Societe Generale Albania business
8 April 2019ALBANIA: AFSA introduces MTPL Bonus-Malus system
The Albanian Financial Supervisory Authority (AFSA) has approved sets of instructions for Bonus-Malus system implementation. The Bonus-Malus system will begin to function in Albania starting April 1, 2019.
4 April 2019Albanian insurers' Jan gross written premiums rise slightly
3 March 2019Insurance market in Albania under investigation
10 February 2019STATISTICS: ALBANIA, FY2018: Paid claims and indemnities expanded by a quarter during 2018
The Albanian insurance industry totaled over ALL 16.19 billion (~EUR 136.7 million) at the end of 2018, or 4.7% more y-o-y. The number of issued insurance contracts reached 1,309,143 showing a y-o-y increase of 5.89%, according to data published by the Albanian Financial Supervisory Authority (AFSA).
30 January 2019Albanian insurers Jan-Nov gross written premiums up 6%
2 January 2019STATISTICS: ALBANIA timeline 2008 - 2017: the market increased twofold, but life insurance remained underdeveloped
The Albanian insurance market grew between 2008-2017 on all segments, both in GWP and in paid claims terms. There is only one exception to this generalized upward trend, that is, the indemnities paid chapter on the property class " fire and allied perils insurance", which dropped 18.04%.
20 December 2018Albanian insurers Jan-Oct gross written premiums up 5.1%
27 November 2018STATISTICS: ALBANIA 3Q2018: motor insurance lines' market weight increased to nearly 70%
Albanian insurers have reported GWP worth EUR 98.7 million (ALL 12.46 billion) in 3Q2018, up by 9.73% y-o-y. For the same period, paid claims have decreased by 3.12% y-o-y, to EUR 26.86 million. The local subsidiaries of the Austrian group UNIQA lead both the life and non-life insurance segments.
1 November 2018Albanian insurers Jan-Aug gross written premiums up 5.75%
3 October 2018Albanian insurers Jan-July gross written premiums up 6.28%
29 August 2018STATISTICS: ALBANIA, 1H2018: domestic mandatory motor TPL insurance reins the market, increasing its weight by 2 pp
The about 5% appreciation of the Albanian Lek against EURO has favored the market results denominated in European currency, showing a higher growth rate than in local currency. Thus, in EUR, GWP increased overall by 9.43%, to EUR 61.2 million.
16 August 2018Albania: Insurance market on positive track after the first five months of the year
GWP written for the first five months (January to May) 2018 by Albanian insurers amounted to over ALL 6,277 million, or 3.01% more y-o-y, while the number of related insurance contracts reached to 462,260 with an increase of 7.30% y-o-y, Albanian FSA data show.
5 July 2018STATISTICS: ALBANIA, 1Q2018: Slight increase in GWP and number of policies
The Albanian insurance market reached over ALL 3.55 billion (EUR 27.2 million) during Q1 2018, or 2.53% more y-o-y, according to the quarterly statistics published by the local Financial Supervisory Authority.
24 May 2018ALBANIAN economy grows 3.36 pct in Q4 2017
The Albanian economy grew by 3.36 percent in the fourth quarter of 2017 according to the figures from the Albanian National Institute of Statistics (INSTAT) released on Tuesday.
3 April 2018
