Insurance Market Developments in Albania for the period January- November 2018

Main features

 During January – November 2018 the insurance market experienced an increase by 6.02% compared to January – November 2017. Gross insurance premiums amount to ALL 15,149,365 thousand, increasing by ALL 859,591 thousand.

The number of insurance policies reached 1,174,224 which indicate an increase 5.62 % compared to January – November 2017.

Gross insurance premiums in Non-Life insurance business reached the value of ALL 14,102,119 thousand, which indicate an increase by 6.61% compared with January – November 2017.

The number of Non-Life insurance policies reached 1,056,744 which are 8.09% more than January – November 2017.

During January – November 2018, the paid claims are in the amount of 6,175,358 thousand, or 24.03% more than January – November 2017.

In January – November 2018, there is a decrease of 358 in the number of paid claims, which reached the number of 40,119 paid claims. The Non-Life insurers paid 38,492 claims and Life insurers paid 1,627 claims.

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