Albania
ALBANIA: The insurance market is up 10.2% in the first 11 months of 2025
The GWP of Albanian insurers rose 10.2% y-o-y to ALL 24.25 billion (EUR 251.3 million) in the first eleven months through November 2025, according to the Albanian Financial Supervisory Authority (AFSA), SeeNews wrote.
12 January 2026ALBANIA: Paid claims drop almost 2% in the January-October period
Total GWP of Albanian insurers grew 10.53% y-o-y to ALL 22.4 billion (EUR 231.8 million) in the first ten months of 2025, SeeNews writes citing the Albanian Financial Supervisory Authority (AFSA).
11 December 2025STATISTICS: ALBANIA, 3Q2025: Business remained on the previously established positive trend
In the first three quarters of 2025, gross written premiums (GWP) in Albania's insurance market reached ALL 20.18 billion, marking a 10.37% increase y-o-y. In European currency, due to the appreciation of the Albanian Lek against Euro, the market growth was of 12.6%, to EUR 208.46 million.
4 December 2025ALBANIA: in the first seven months of the year over 91% of the premium volume generated in non-life insurance
The insurance sector of Albania in the first seven months of the year expanded by 8.98% to ALL 15.5 billion (EUR 159.4 million), according to the Albanian Financial Supervisory Authority (AFSA), SeeNews reports.
2 September 2025STATISTICS: ALBANIA 1H2025: steady market growth, while claims paid for property insurance decreased strongly
Albanian insurers wrote gross premiums worth EUR 130.80 million, 10.45% up y-o-y in 1H2025. The double-digit growth rate is partly owed to the about appreciation of the Albanian Lek. In local currency, the market growth was 8%.
Life insurance continued to hold just a small share in the market portfolio, of about 9%, although GWP for this segment rose by almost 15% (in euro).
Life insurance continued to hold just a small share in the market portfolio, of about 9%, although GWP for this segment rose by almost 15% (in euro).
28 August 2025ALBANIA: In January-May the market totaled EUR 102 million
The Albanian insurance market reached ALL 10 billion (EUR 102 million) in the first five months of the year, up 7.6% y-o-y, according to the Albanian Financial Supervisory Authority (AFSA), SeeNews reports.
11 July 2025ALBANIA: Albanian insurance market rises 8% in January-April
Total GWP of Albanian insurers in the first four months of the year reached ALL 7.67 billion (EUR 77.9 million), which is 8% more y-o-y, SeeNews reports with reference to official figures.
2 June 2025STATISTICS: ALBANIA 1Q2025: Motor insurance dominance increases to over 67% of total GWP
Albanian insurers recorded GWP worth EUR 56.44 million in Q1 2025, up by 11% y-o-y. In the same period remained stable, almost unchanged y-o-y (EUR 19.37) million. However, one should note that due to the Albanian currency appreciation vs. the precedent year, the growth rates in European currency are significantly higher than those calculated with the premiums and paid claims values denominated in Albanian Lek.
15 May 2025ALBANIA: Iute launches first fully digital insurance brokerage service in Albania
Estonian fintech company Iute Group entered into partnership with Allianz Partners and GrECo to offer digital, everyday-use insurance solutions in Iute’s target markets, the Estonian company said on its website.
15 April 2025ALBANIA: in the first two months of 2025 the market rises 6.9%
Total GWP of Albanian insurers amounted to ALL 3.8 billion (EUR 38.5 million) in the first two months of 2025, up by 6.9% y-o-y, SeeNews writes with reference to official figures.
1 April 2025ALBANIA: An agreement on recognition of social security contributions with Italy is published
Italian government published an agreement on recognition of social security contributions with Albania. The agreement guarantees pension rights of Albanians in Italy and Italians in Albania, from which about half a million Albanians and 4 thousand Italians benefit, shqiptarja.com writes.
24 March 2025ALBANIA: GWP of Albanian insurers reach EUR 20 million in January
Total GWP of Albanian insurers increased to ALL 1.98 billion (EUR 20 million) in January, up by 11.37% y-o-y, SeeNews reports.
3 March 2025STATISTICS: ALBANIA FY2024: significant GWP growth, but also on the claims expenses side
The Albanian insurance market grew significantly in 2024, with gross written premiums reaching ALL 24.505 billion (EUR 249.67 million), 7.02% up y-o-y. Additionally, the number of insurance contracts grew by 8.84%, totaling 1,595,687 contracts for the year, data from the Albanian Financial Supervisory Authority (ASFA) show.
5 February 2025ALBANIA: the insurance sector rises 7.6% in 10M2024
From January to October this year total GWP of Albanian insurers increased 7.56% y-o-y to ALL 20.26 billion (EUR 205.9 million), SeeNews writes with reference to official figures.
3 December 2024STATISTICS: ALBANIA, 3Q2024: double digit growth both in local and European currency
In the first three quarters of 2024, gross written premiums (GWP) in Albania's insurance market reached ALL 18,288 million, marking a 7.36% increase y-o-y. In European currency, the appreciation of the Albanian Lek against Euro, the market growth was of 15.9%, to EUR 185.15 million.
14 November 2024ALBANIA: In January-August, total GWP rose 6.64% y-o-y, while paid claims increased by 29%
In January-August 2024 the insurance sector in Albania increased 6.64% y-o-y to ALL 16.3 billion (EUR 165.5 million), SeeNews writes.
9 October 2024STATISTICS: ALBANIA, 1H2024: Motor insurance classes remained the market trend setters
Albanian insurers wrote gross premiums worth EUR 118.43 million, 14.12% up y-o-y. The double-digit growth rate is partly owed to the about 6% appreciation of the Albanian Lek. In local currency, the market growth was 7.55%.
9 September 2024STATISTICS: Albanian insurers’ end-March 2024 business increased to over EUR 50 million
Albanian insurance market posted Q1 2024 GWP of ALL 5.2 billion (~EUR 50.8 million), or 1.7% more y-o-y, according to the quarterly figures published on the website of the local financial supervisory authority - AFSA. The statistics published by the Albanian FSA include the figures from 12 insurance companies operating in the country: four life insurers and eight non-life.
20 June 2024Mimoza Kaçi is the new General Executive Director of the Albanian FSA
The Assembly of Albania approved in April the appointment of Mrs. Mimoza Kaçi, member of the Board of the Financial Supervision Authority, in the position of General Executive Director.
16 May 2024STATISTICS: Albanian insurers' year-end business expanded to over EUR 200 million for the first time
According to the year-end market figures recently published by Albanian FSA, during January-December 2023 the local insurance market experienced an increase of 8.86% y-o-y to ALL 22.9 billion (~EUR 220 million).
7 February 2024
