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

Main features

      

During January – April 2019 the insurance market experienced an increase by 8.30% compared to January – April 2018. Gross insurance premiums amount to ALL 5,300,307 thousand, increasing by ALL 406,374 thousand.

The number of insurance policies reached 376,717 which indicate an increase 6.63% compared to January – April 2018.

Gross insurance premiums in Non-Life insurance business reached the value of ALL 4,88,500 thousand, which indicate an increase by 6.99% compared with January – April 2018.

The number of Non-Life insurance policies reached 340,015 which are 8.05% more than January – April 2018.

During January – April 2018, the paid claims are in the amount of 1,940,279 thousand, or 6.68% more than January – April 2018.

During January – April 2018, there is a increase of 1,460 in the number of paid claims, which reached the number of 15,156 paid claims. The Non-Life insurers paid 14,475 claims.

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