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.

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.

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.

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.

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.

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.

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.

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.

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.

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%.

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.

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.

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).

Albanian insurance market posted January-September 2023 GWP of ALL 17.0 billion (~EUR 160 million), or 9.9% more y-o-y, according to the 3Q2023 figures published on the website of the local financial supervisory authority - AFSA.

As the storm "Ciaran" caused heavy rains and therefore floods throughout Albania, the local insurers’ association brought once again to the attention the issue of the low insurance coverage of the Albanian homes.

The Albanian government's draft law on ”Mandatory insurance of housing against earthquakes” continues to be the subject of discussions in the local market, the Association of Insurers of Albania raising several objections to the draft law’s provisions.

Premium income from January to August 2023 in Albania amounted to ALL 15,331 million (~EUR 141 million), or 10.44% more y-o-y. The number of concluded insurance contracts increased by 11.97%, the Albanian Financial Supervisory Authority (AFSA) informed.

At the end of June 2023, the insurance market of Albania totaled ALL 11 billion (~EUR 104 million), up by 13% compared to January - June 2022, official half-year data provided by the Albanian Financial Supervisory Authority (AFSA) showed.

GWP for January-May 2023 amounted to ALL 8,959 million (~EUR 81.91 million), which is 15.29% more y-o-y. During the reporting period, the number of concluded insurance contracts reached 505,098 with an increase of 13.36%, the Albanian Financial Supervisory Authority (AFSA) informed.

Albanian insurers recorded GWP worth EUR 45.42 million in Q1 2023, up by 29% y-o-y. In the same period, paid claims rose by 18.3% y-o-y, to EUR 14.23 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.