The number of insurance policies increased by 21.08% y-o-y to 566,051, of which 503,951 non-life policies (an increase of 20.04% y-o-y), and 62,089 - life policies, an increase by 30.16% compared to January - June 2021.
According to presented figures, the number of claims paid in January - June 2022 was 30,402, an increase by 3,578 compared to January - June 2021. Of those, 29,076 claims were paid by Non-Life Insurers and 1326 by Life insurers.
Non-Life GWP was ALL 9.02 billion (~EUR 75.8 million), an increase by 10.23% compared to January - June 2021, while the amount of gross insurance premiums in Life insurance business was ALL 738.6 million (EUR 6.2 million), up by 8.97% y-o-y. Reinsurance accepted GWP increased to ALL 11.84 million, representing about 0.12% of total premiums.
During January - June 2022, the total of paid claims was ALL 3.17 billion (~EUR 26.6 million), or 15.2% less y-o-y. Of this total, ALL 2.90 billion was related to non-life claims, ALL 134.65 million represented life indemnities, the remaining ALL 137.34 million being paid claims for Compensation Fund.
Access xprimm.com and download the H1 2022 Albanian insurance market statistics.
2956 views
