Insurance Market Developments in Albania for the period January-March 2019

Main features

  • During January – March 2019 the insurance market experienced an increase by11.78% compared to January – March 2018. Gross insurance premiums amount to ALL 3,969,400 thousand, increasing by ALL 418,195 thousand.
  • The number of insurance policies reached 276,006 which indicate an increase 5.68% compared to January – March 2018.
  • Gross insurance premiums in Non-Life insurance business reached the value of ALL 3,643,104 thousand, which indicate an increase by 10.19% compared with January – March 2018.
  • The number of Non-Life insurance policies reached 247,769 which are 7.22% more than January – March 2018.
  • During January – March 2018, the paid claims are in the amount of 1,501,142 thousand, or 11.82% more than January – March 2018.
  • During January – March 2018, there is a increase of 421 in the number of paid claims, which reached the number of 10,939 paid claims. The Non-Life insurers paid 10,442 claims.
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