Insurance Market Developments in Albania for the period January – September 2017

Main features

  • During January – September 2017 the insurance market experienced an increase by 11.45% compared to January – September 2016. Gross insurance premiums amount to ALL 12,026,415 thousand, increasing by ALL 1,235,713 thousand.
  • The number of insurance policies reached 932,106 which indicate an increase 15.23% compared to January – September 2016.
  • Gross insurance premiums in Non-Life insurance business reached the value of ALL 11,127,303 thousand, which indicate an increase by 10.29% compared with January – September 2016.
  • The number of Non-Life insurance policies reached 808,106 which are 10.42% more than January – September 2016.
  • Gross insurance premiums in Life insurance business reached the value of ALL 859,781 thousand, which indicate a increase 28.85% compared to January – September 2016.
  • The number of Life insurance policies reached 123,972 which indicate an increase by 61% compared to January – September 2016.
  • During January – September 2017, the paid claims are in the amount of 3,717,968 thousand, or 26.07% more than January – September 2016.
  • In January – September 2017, there is a increase of 11,396 in the number of paid claims, which reached the number of 33,991 paid claims. The Non-Life insurers paid 32,788 claims and Life insurers paid 1,203 claims.
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